Employee Retention Index Spikes Upward, Signaling U.S. Workers Increasingly Likely to Stay at Their Jobs Through Year End

Employers can expect lower employee attrition through the remainder of 2024, according to the latest results of the Eagle Hill Consulting Employee Retention Index. For the second quarter of this year, the Employee Retention Index climbed to 105.1, its highest mark to date and up 8.3 points from the previous quarter.

These results follow the most recent U.S. Labor Department Job Openings and Labor Turnover Survey (JOLTS) that found that while hires and job openings rates as a percentage of total employment were higher for May, the quits rate was unchanged—a signal that employees are more likely to stay with their employer, even despite potentially having more outside opportunities. The Index also aligns with a recent analysis from Aon that found that voluntary turnover within companies has fallen from 17 percent in 2022 to 12 percent so far this year.

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