Employers do not fully understand 11 why employees are leaving. When employees are disengaged, people grow Companies that prioritize employees and culture tired of going above and beyond for organizations have signi昀椀cantly lower turnover rates. Patagonia, that don’t reciprocate the dedication. for example, a company that has been known People are taking their re-evaluation of work very for its clear purpose and loyalty to its employees 13 seriously and therefore this type of work cannot beyond 昀椀nancial gain—has a 4% turnover rate. be understated. According to the Bureau of Labor Empathy is a necessity for companies who are Statistics, the average turnover rate is 57.3% when looking to not only survive but thrive into the most industries expected to be at around 17%. 22nd century. 2 Valued by Valued by manager Sense of organization belonging Work-life balance 1 Trusting Advancement Unmanageable Inadequate & caring potential workload compensation teammates Family Looking for Flexible Engaging care Poor a better job schedule work health yees Negative 0 Emplo interactions Remote Development work opportunity Meaningful Autonomy Poached by work at work competitor -1 Technology access More important Safe to Employees environment Desirable More important to living Starting a Employers location business -2 -2 -1 0 1 2 Employers 2023 Benefits Trends: The evolving workplace 28