{"id":175822,"date":"2025-06-11T14:01:09","date_gmt":"2025-06-11T14:01:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/175822\/"},"modified":"2025-06-11T14:01:09","modified_gmt":"2025-06-11T14:01:09","slug":"employee-turnover-is-costing-canadian-companies-big-in","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/175822\/","title":{"rendered":"Employee Turnover Is Costing Canadian Companies Big in"},"content":{"rendered":"<p align=\"left\">TORONTO, June  11, 2025  (GLOBE NEWSWIRE) &#8212; As the midpoint of 2025 approaches, many companies are not only focused on hiring but also preparing for a potential rise in employee turnover.<\/p>\n<p>According to a recent Express Employment Professionals-Harris Poll survey, close to 1 in 3 Canadian hiring managers (28%) expect turnover at their company to increase this year.<\/p>\n<p>This growing concern is already impacting company budgets. On average, turnover costs businesses $29,234 annually in expenses like rehiring and lost productivity. For nearly 1 in 5 hiring managers (17%), that number climbs to $100,000 or more each year.<\/p>\n<p>The financial burden of turnover is especially pronounced in larger organizations. Among those who report annual turnover costs of $100,000 or more:<\/p>\n<ul type=\"disc\">\n<li>34% of companies with at least 500 employees<\/li>\n<li>6% of companies with 10\u201399 employees<\/li>\n<li>4% of companies with 2\u20139 employees<\/li>\n<\/ul>\n<p>Among those anticipating increased turnover, the most commonly cited reasons include:<\/p>\n<ul type=\"disc\">\n<li>Increased workplace demands (37%)<\/li>\n<li>Better pay and benefits offered elsewhere (33%)<\/li>\n<li>Feelings of being overworked (29%)<\/li>\n<li>A competitive job market (29%)<\/li>\n<li>Better perks elsewhere (26%)<\/li>\n<li>Employee retirements (25%)<\/li>\n<li>Employees looking to switch careers (24%)<\/li>\n<li>Employees voluntarily resigning (23%)<\/li>\n<li>Employees being terminated (22%)<\/li>\n<li>Better company culture elsewhere (22%)<\/li>\n<li>More advancement opportunities elsewhere (20%)<\/li>\n<li>No remote work options (19%)<\/li>\n<li>No flexible work schedules (19%)<\/li>\n<\/ul>\n<p align=\"center\"><img loading=\"lazy\" decoding=\"async\" alt=\"2025 06 11 CDA NR Turnover GRAPHIC\" height=\"600\" name=\"GNW_RichHtml_External_IMG\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/2025-06-11-cda-nr-turnover-graphic.jpg\" width=\"600\"\/><\/p>\n<p>In light of these challenges, hiring remains a top priority for Canadian companies. A strong majority (83%) of hiring managers say their companies still plan to hire in 2025, which is in line with last year&#8217;s figures. Among those, 33% are hiring to increase their overall headcount, while 37% aim to maintain current staffing levels.<\/p>\n<p>Notably, 38% of those planning to hire say the need to replace employees lost to turnover is a key driver behind their plans.<\/p>\n<p>\u201cEmployee turnover isn\u2019t just a staffing issue, it\u2019s a financial one,\u201d said Express CEO Bob Funk, Jr. \u201cCompanies that want to stay competitive must be intentional about retention. That means building a workplace where people see long-term value \u2014 not just in compensation, but in leadership, clarity of direction and the opportunity to contribute <br \/>meaningfully.\u201d<\/p>\n<p><strong>Survey Methodology<\/strong><br \/>The Job Insights survey was conducted online within Canada by The Harris Poll on behalf of Express Employment Professionals between Nov. 11 \u2013 26, 2024, among 505 Canadian hiring decision-makers.<\/p>\n<p>For full survey methodology, please contact Ana Curic at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SEQ07AZdz6CiqaAtDnV83UjCzhyLTGQ0uGKZXEIOPOUCy0OJpahTlHxQYhGFlrCCf0IWfDhAc1Pk5z5lZACJrO4c5ucQoyMP5WRF32Jf3-zbNdpA5G4s9ANKxNxp8Gco\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ana@MapleLeafStrategies.com\">Ana@MapleLeafStrategies.com<\/a>.<\/p>\n<p>If you would like to arrange for an interview to discuss this topic, please contact Ana Curic at (613) 858-2622 or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=SEQ07AZdz6CiqaAtDnV83UjCzhyLTGQ0uGKZXEIOPOUkAuUKgMoNoL0jSxSE2BgOX2UnO1SEUDLiYe3IBUb-PkRbI6GLJi06i-nPQh0MYwYkGgCrOlLTxnktiVcV9lxa\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Ana@MapleLeafStrategies.com\">Ana@MapleLeafStrategies.com<\/a>.<\/p>\n<p><strong>About Robert (Bob) Funk, Jr.<\/strong><br \/>Robert (Bob) Funk, Jr., is the Chief Executive Officer and Chairman of Express Employment International, a global staffing franchisor founded and headquartered in Oklahoma City, Oklahoma. He leads a portfolio of workforce solution brands, including the flagship Express Employment Professionals franchise, along with several affiliated brands serving specialized markets. The Express franchise brand is an industry-leading, international staffing company with franchise locations across the U.S., Canada, South Africa, Australia and New Zealand.\u00a0<\/p>\n<p><strong>About Express Employment Professionals<\/strong><br \/>At Express Employment Professionals, we\u2019re in the business of people. From job seekers to\u00a0\u00a0<br \/>client companies, Express helps people thrive and businesses grow. Our international network\u00a0\u00a0<br \/>of franchises offers localized staffing solutions to the communities they serve across the U.S.,\u00a0\u00a0<br \/>Canada, South Africa, Australia and New Zealand, employing 427,000 people globally in 2024 and more than 11 million since its inception. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sZVdHHKT1EVYN9yFJppUf2maB6BcZyQ-DhZcaQb3ikJyIwfbvqGrwWd9uQ5eHOnzwXu1F5pEqxugCnL0zHczM8OnUq_QP8e11VUzFqCj91U=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ExpressPros.ca\">ExpressPros.ca<\/a>.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WAUDJfTmN7DAY0HqV1a_2VmO5cHsJeJX01P4L3fW_EHaiMdyxY1hJbAQsFuPzKRYjgCSkErl9BYWdZLR22Y2fFuQ2nDTefa93GPtapFfoKtCS_2nL_qe0fQaDT9WaMQVR0pkjd2R6exmiLFv7OxV9gngDsHZuo0klPzD9_4xfZngOMn42otEF8bXMMr7aW3aaPMtrHhiMMYFuGcWVTOPKYMOEtCeLfJqZ5NCiZI_UupwT8AfEM9K6KJjymdx7jD-rB7qcFiTh1ZwXYAQyE5oRA==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/d7d7767a-9983-43fc-9b16-3dfa3543a527<\/a><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/Express-Employment-Professiona.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"TORONTO, June 11, 2025 (GLOBE NEWSWIRE) &#8212; As the midpoint of 2025 approaches, many companies are not only&hellip;\n","protected":false},"author":2,"featured_media":9988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[51,6788,6787,6790,6783,5701,897,6784,6785,72696,2794,10705,16,15],"class_list":{"0":"post-175822","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-business","9":"tag-canada-economy","10":"tag-canada-employment","11":"tag-canada-hiring","12":"tag-express-employment-professionals","13":"tag-job","14":"tag-jobs","15":"tag-labour-force-survey","16":"tag-labour-market-survey","17":"tag-labour-shortage","18":"tag-recession","19":"tag-recruiting","20":"tag-uk","21":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114665100653998809","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/175822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=175822"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/175822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/9988"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=175822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=175822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=175822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}