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During the current economic downturn, the majority of companies have been focusing more on cutting and managing costs than on motivating their workforce. Past evidence suggests that this is a dangerous strategy which is likely to increase employee turnover intentions with many employees planning to jump ship once the economy improves. Instead of celebrating the upturn, many corporate leaders may well face a new problem: replacing lost employees as the economy kicks into gear and talent is once again a scarce commodity.
The impending rise of voluntary turnover after a downturn
While an increase in the number of alternative opportunities is a factor in the rise of voluntary turnover after a downturn, it is not the driving force. The driving force is instead...
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