Latest news with #ExpressEmploymentProfessionals-HarrisPoll
Yahoo
11-06-2025
- Business
- Yahoo
The $100,000/Year Drain: How Employee Turnover Is Costing Companies Big in 2025
New Survey Reveals the Soaring Financial Toll of Employee Departures OKLAHOMA CITY, June 11, 2025 /PRNewswire/ -- As the midpoint of 2025 approaches, many companies are not only focused on hiring but also preparing for a potential rise in employee turnover. According to a recent Express Employment Professionals-Harris Poll survey, nearly 2 in 5 U.S. hiring managers (39%) expect turnover at their company to increase this year — a notable jump from 33% who said the same about 2024. While just more than half (51%) believe turnover will remain steady, the growing concern is already impacting company budgets. On average, turnover costs businesses $36,723 annually in expenses like rehiring and lost productivity. For 1 in 5 hiring managers (20%), that number climbs to $100,000 or more each year. The financial burden of turnover is especially pronounced in larger organizations. Among those who report annual turnover costs of $100,000 or more: 34% — Companies with 500 or more employees 17% — 100 to 499 employees 14% — 50 to 99 employees 3% — 10 to 49 employees 2% — Fewer than 10 employees Among those anticipating increased turnover, the most commonly cited reasons include: Better pay and benefits offered elsewhere (34%) Employees voluntarily resigning (32%) Increased workplace demands (29%) Employee retirements (26%) More appealing company cultures elsewhere (24%) Feelings of being overworked (24%) A competitive job market (23%) Career changes (22%) Better perks or advancement opportunities elsewhere (22%) Lack of flexible schedules (21%) Lack of remote work options (19%) Despite these challenges, hiring remains a top priority. A strong majority (88%) of hiring managers say their companies still plan to hire in 2025, which is in line with last year's figures. Among those, 45% are hiring to increase their overall headcount, while 34% aim to maintain current staffing levels. Notably, 43% of those planning to hire say the need to replace employees lost to turnover is a key driver behind their hiring plans. "Employee turnover isn't just a staffing issue, it's a financial one," said Express CEO Bob Funk, Jr. "Companies that want to stay competitive must be intentional about retention. Which means building a workplace where people see long-term value — not just in compensation, but in leadership, clarity of direction and the opportunity to contribute meaningfully." Survey MethodologyThe Job Insights survey was conducted online within the United States by The Harris Poll on behalf of Express Employment Professionals from Nov. 11 to 26, 2024, among 1,001 U.S. hiring decision-makers. For full survey methodologies, please contact Director of Corporate Communications & PR. If you would like to arrange for an interview to discuss this topic, please contact Director of Corporate Communications & PR. About Robert (Bob) Funk, (Bob) Funk, Jr., is the Chief Executive Officer and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand. About Express Employment ProfessionalsAt Express Employment Professionals, we're in the business of people. From job seekers to client companies, Express helps people thrive and businesses grow. Our international network of franchises offers localized staffing solutions to the communities they serve across the U.S., Canada, South Africa, Australia and New Zealand, employing 427,000 people globally in 2024 and more than 11 million since its inception. For more information, visit View original content to download multimedia: SOURCE Express Services dba Express Employment Professionals Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Hamilton Spectator
28-05-2025
- Business
- Hamilton Spectator
Canadian Job Seekers Say Skills Should Matter More Than Degrees
TORONTO, May 28, 2025 (GLOBE NEWSWIRE) — Canadian companies continue to cite a widening skills gap in the workforce, but most job seekers (75%) disagree and say the actual problem is a training gap, according to a recent Express Employment Professionals-Harris Poll survey. Job seekers agree certain core skills are essential in today's workforce. Among those ranked highest in importance, with 80% or more of respondents citing them as critical when applying for a position, included communication, work ethic, problem-solving, accountability, general attitude and demeanor, and ability to work well in a team. Only two-thirds (66%) considered both technical skills and cultural fit as important, suggesting that job seekers place greater emphasis and value on soft skills. At the same time, a significant number of job seekers believe employers are setting unrealistic standards that overlook capable candidates. Many feel that companies should reconsider rigid qualification criteria and instead focus on potential and willingness to learn. More specifically: Generational differences are also evident. Younger candidates are more likely to believe that hiring criteria should be loosened: Accordingly, job seekers call on employers to be more realistic about qualifications and more willing to invest in training. And they're not just voicing frustration, job seekers are also ready to stay loyal to companies that meet them halfway, with the vast majority (91%) reporting they would be more likely to stay at a company that has resources to help fill skills gaps in new hires or tools that train new hires to fit in with the company culture. On the employer side, the tension is apparent. Almost two-thirds (63%) say the skills gap is wider than ever before, especially with new hires, even though most (75%) feel their company has the tools it needs to close the gap. Still, many employers are beginning to adapt. Most hiring managers (86%) report their company has waived some job requirements to fill open roles, including: Additionally, 60% say their company is willing to make exceptions to job requirements in some instances, and 67% are open to waiving degree requirements. However, challenges persist as 38% admit they don't know how to assess certifications or online degrees, which may discourage their adoption. 'In today's evolving labour market, adaptability is increasingly recognized as a critical asset by both employers and job seekers,' said Express CEO Bob Funk, Jr. 'Many business leaders are finding that while priorities may differ, there's common ground in practical strategies, such as flexible qualifications and onboarding programs focused on long-term growth. These approaches help bridge gaps in expectations while maintaining the high standards that drive sustainable success.' Survey Methodology The Job Insights survey was conducted online within Canada by The Harris Poll on behalf of Express Employment Professionals between Nov. 11 – 26, 2024, among 505 Canadian hiring decision-makers. The Job Seeker Report was conducted online within Canada by The Harris Poll on behalf of Express Employment Professionals from Nov. 21 to Dec. 6, 2024, among 505 adults ages 18 and older. For full survey methodology, please contact Ana Curic at Ana@ . If you would like to arrange for an interview to discuss this topic, please contact Ana Curic at (613) 858-2622 or email Ana@ . About Robert (Bob) Funk, Jr. Robert (Bob) Funk, Jr., is the Chief Executive Officer and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand. About Express Employment Professionals At Express Employment Professionals, we're in the business of people. From job seekers to client companies, Express helps people thrive and businesses grow. Our international network of franchises offers localized staffing solutions to the communities they serve across the U.S., Canada, South Africa, Australia and New Zealand, employing 427,000 people globally in 2024 and more than 11 million since its inception. For more information, visit . A photo accompanying this announcement is available at
Yahoo
28-03-2025
- Business
- Yahoo
Are Workplaces Getting More Toxic? Some Employees Think So
A new survey dove into the effects of a toxic workplace, with some 30% of employed Americans looking for work saying things are worse now than three years ago. Over 20% of employees surveyed said they've witnessed a rise in coworkers being mean to each other over the past year. A toxic workplace culture can lead to employees using vacation, personal, or sick leave to avoid it, according to another American workplaces getting more toxic? New research suggests they are. Some 30% of employed Americans who are also seeking jobs say their coworkers are more confrontational now than just three years ago, according to an Express Employment Professionals-Harris Poll survey released Wednesday. Almost half of the respondents said they've observed workplace gossip; nearly 40% have witnessed unprofessional communication of some sort; and about 30% say they've noticed coworkers avoiding working or collaborating with another employee—or even fully excluding them. About a quarter said they've seen colleagues take credit for someone else's work. The press release included quotes from people who described physical altercations and senior employees bullying junior ones over credentials. More than a fifth of the people surveyed said they observed a rise in employees being "mean" to others over the past year. What should be done? Over 60% of respondents said companies should put up signs suggesting that people simply be nice to each other; almost half of those who have experienced a toxic workplace expect their employers to do little or nothing about it. In another, older, survey, more than a third of respondents said they would accept a pay cut to work in a less toxic environment. Meanwhile, some employees said they take matters into their own hands: As many as 44% of employees impacted by a toxic workplace say they have used vacation or personal leave to avoid it, according to that report, and over 30% have used sick leave. Read the original article on Investopedia Sign in to access your portfolio
