$100B walks out the door - by Jason Saltzman
There are seemingly infinite ways to slice and analyze this data. But, so as not to bury the lead, this analysis immediately uncovered a $100B problem.
This edition of the Human Capitalist is the first pass (of many) at asking questions about job change data, tenure, and their consequences. The first questions are:
Dive into a $100B problem below. Plus, as always, get the highlight reel of the latest human capital insights by reading to the bottom for the three quick hits and the opportunity to submit your own human capital questions.
From our sample, over 41% of people who changed companies did so within 12 months of starting a new role. This means that one can reasonably conclude that 41% of job changes failed, costing employers over $100B per year.
How can such an important decision go wrong so often, and how might the process be improved? Before we address these questions let’s dig into data.
