This briefing examines the trends of absenteeism and turnover (voluntary, involuntary, retirement) from pre-pandemic to now to where we anticipate trends going forward.
Overall, absenteeism rates have increased since the beginning of COVID but are similar to pre-pandemic levels. These fluctuations are likely due to self-isolation and work-from-home mandates.
Absenteeism is significantly higher in larger organizations (those with more than 5,000 employees), while turnover remains on par for these organizations. This may be a sign of languishing (the opposite of flourishing) and result in presenteeism and/or disruptions to productivity.
Turnover is a risk for health care and knowledge-based industries and for those at a professional employee level for all industries. Specific retention efforts should focus on these areas.
Retirement was lower than expected across most industries, which puts the percentage of those eligible to retire in the next five years at alarming numbers for many organizations. Efforts should be made to retain productive employees, build strong succession plans, and use technology to work off-site or automate roles to mitigate the risk.