Workforce Logiq’s US Talent Retention Risk Score, a measure of workforce volatility, was down in the fourth quarter from its Covid-19 peak.
The US talent retention risk score reached its peak in June with a reading of 41.67, representing an increase of 14% from January 2020. However, it cooled off by the end of the fourth quarter and was up only 3% since January 2020 at a level of 37.78.
“Our benchmarks indicate employment stability is improving, with retention risk slowly declining to historically lower levels. But employers will likely face new challenges in 2021,” Workforce Logiq CEO Jim Burke said. “Workers will continue to migrate outside of cities in pursuit of better lifestyles. Remote work will create national, not local, competition for talent. And vaccination uncertainty and ongoing economic jolts could cause another uptick in volatility.”
The Talent Retention and Risk score predicts the likelihood of professional and knowledge workers being receptive to unsolicited recruiting messages and job opportunities over the next 60 to 90 days. Scores range from low (less than 35) to high (above 70), with scores between 35 and 49 considered average and scores of 50 to 69 above average. High scores indicate high levels of workforce volatility.