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    4. March 2022

The Big Quit: Turning the Page on Turnover 

Mar 10, 2022

Almost everywhere you look, there are news stories about the droves of people who are walking away from their jobs. According to the Department of Labor, more than 20 million people quit their jobs in the second half of 2021.

Quitting rates were high last summer and fall, but they climbed to a record high in November, when more than 4.5 million people voluntarily left their employment.

Whether you are an advisor or employer, if attracting and retaining top talent has impacted your business, you will learn specific strategies to turn the page on turnover.

Newport's experts, Senior Vice President, Retirement Plan Services Sherri Painter and Managing Principal, Compensation Consulting Rena Somersan, discussed how businesses can leverage compensation, benefits, retirement plan strategies, and more as they navigate the Big Quit.

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Want to learn more?

Contact Newport today to find out how we can help you turn the page on turnover during the Big Quit. 

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Videos and Webinars

Compensation and Benefits Trends Report 2023-2024

Each year, Newport’s Compensation Consulting team surveys employers across the country to gather data on the current state of compensation and benefit programs. This year’s survey revealed that many employers are utilizing a variety of total rewards strategies to motivate their work force.

Videos and Webinars

What’s Driving Compensation? We’ve Got Answers.

This on-demand webinar is focused on key levers for retaining talent in today’s complex environment. You’ll learn how you can enhance your hiring and retention strategies

PlanFacts

A Plan Sponsor’s Duty to Search for “Missing” Participants

Most people don’t plan to stay in touch with their former employer after they change jobs or retire. But employers that lose contact with participants who maintain a balance in the company’s retirement plan risk breaching their fiduciary duties and jeopardizing the tax-qualified status of their plan.
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