About 4.5 million workers in the United States quit their jobs in 2022, continuing a trend that began after the 2007 Great Recession. Despite better labor conditions and the pandemic’s decline, many adults are still less willing to return to work compared to previous recessions, making it harder for companies to attract and retain top talent. Moreover, voluntary turnover—when an employee quits their job as opposed to being fired or laid off—costs U.S. businesses more than $1 trillion each year.
Offering paid time off dramatically cuts odds of employees quitting their jobs, study reveals
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