Cornell: Laid off workers are 65% more likely to quit their next job
- A new study from Cornell University’s School of Industrial & Labor Relations shows that workers who have been laid off were 65% more likely to quit subsequent jobs, reports Bloomberg BNA.
- University researchers concluded that workers might not feel committed to the next employer after being previously laid off and become serial job-hoppers as a result.
- Researchers studied the work histories of 2,500 workers to see how being laid off affected their careers, says Bloomberg.
Following studies like this, employers must consider whether they’re engaging workers to the extent that they should before layoffs become necessary. Layoffs aren’t always avoidable, but a positive, supportive working experience can help job seekers move on to their next positions successfully. This could be particularly critical in industries where lay-offs happen frequently.
Naturally, an employer should consider every option before immediately opting for layoffs as a way to cut costs. But to bring those conversations to the forefront, HR needs to ensure they have a seat at the table and that their operations are strategically designed. People data and analytics are increasingly key to improving the employee experience and recouping costs.
When layoffs can't be avoided, an employer should strive for clarity and transparency in communication with employees. Trust should be an especially strong priority during low economic times for the company.
- Bloomberg BNA ONCE BURNED EMPLOYEES LIKELIER TO JOB-HOP