This Working Life

Businesses shouldn’t resign themselves to high employee churn rates

Before deciding not to attempt to retain talent, employers should be aware of all the possible costs of replacing that person

Workers are leaving their jobs in record numbers to take up roles elsewhere. Picture: Getty

Barry Whelan is founder and chief executive of Excel Recruitment

The pandemic may be over, but it is still having a huge impact on the Irish labour market. Workers are leaving their jobs in record numbers to take up roles elsewhere. Indeed, new jobs are being registered at a faster rate than we have witnessed in Excel Recruitment since the business was set up 20 years ago.

Employers are facing high employee churn rates, leaving ...