Quantitative Analysis of Employee Turnover Rate in the UK Post-COVID
VerifiedAdded on 2023/06/12
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Report
AI Summary
This report examines the rising issue of high employee turnover rates in the UK, particularly after the COVID-19 pandemic. It investigates the causes, including marketing uncertainties, lack of job satisfaction, ineffective employee engagement, and communication issues. The report uses quantitative analysis, drawing data from the Office for National Statistics (ONS) to explore unemployment rates, labor market statistics, and the impact of COVID-19 on payroll employment. Visualizations, such as charts and graphs, are used to present data on employment rates, economic inactivity, and turnover rates in both the public and private sectors. The analysis reveals that COVID-19 has significantly impacted the labor market, leading to decreased employment rates and increased economic inactivity, especially among younger demographics. The report concludes that employee turnover is a serious issue, driven by a combination of factors that include lack of motivation, communication, and an unhealthy organizational culture.
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