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Employee Retention Outranks Revenue and Sales Growth as Employers' Top Operational Priority, New Gallagher Study Finds

PR Newswire - Wed Aug 2, 2023

ROLLING MEADOWS, Ill., Aug. 2, 2023 /PRNewswire/ -- More than half of employers (51%) experienced a turnover rate of at least 15% in 2022, up three points from 48% in 2021. Therefore, employee retention became the number one priority for both operations (51%) and HR (66%) this year, according to Gallagher's 2023 U.S. Organizational Wellbeing Report. The Gallagher report examines how employers are adjusting compensation and benefits to improve retention rates.

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