Workforce Turnover and Retention in the Public Sector: Insights from Public Pension Plans
By Barbara Butrica & Dan Doonan Workforce turnover has implications for employees and employers. On the employee side, turnover can involve lost wages and benefits. On the employer side, turnover can involve the loss of experienced employees as well as the investments made in training them. It also generates additional costs associated with recruiting and training replacement workers. Understanding the timing of turnover and how retention evolves over employees’ careers is important for economic security, workforce planning, public service delivery,...
