Pay Raises Are Back, Resignations Rising

The number of jobs created the last few months isn’t the only thing trending upward.

Employee resignations are also moving higher. According to a recent survey by MRInetwork, vacancies created by resignation increased 7 percent between July 2011 and January 2012.

Should employers be worried? Absolutely! While the resignation trends aren’t numbing, the loss of even one key employee can bring productivity down and put the brakes on growth. Top performers are looking for new opportunities at a higher rate too.

Finally the use of counter offers has increased over 2012. Several comments from survey participants shared how it was more difficult to work with candidates than just 6 months ago; that the market has turned to a candidate-driven one; and that top talent is interviewing at multiple companies.

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