One of the most ignored economic factors in business history...

Turnover is an estimated $5 trillion annual drain on the U.S. economy

• Fifty percent of respondents have thought of resigning in the last six months. Do you know why? Have you asked? 18% of these gave as their reason: "My Supervisor/Manager" -HR Solutions.
  
  
• According to the Conference Board, Americans hate their jobs more than ever before in the past 20 years, with fewer than half saying they are satisfied.
  
  
• The largest decline in overall job satisfaction -- from 60.9 percent in 1995 to 47.4 percent in 2002 -- occurred among households aged 35-44. People in this age bracket were once the happiest group in the American workforce.
  
  
• 26% of managers said they don't get enough training to handle their responsibilities. - Rasmussen
  
  
• By 2008, the U.S. Bureau of Labor Statistics predicts a shortfall of 10 million skilled workers in America.
  
  
• The $5 trillion drain does even not include the costs involved with lost productivity, customer service disruption, loss of morale, burnout/absenteeism among remaining employees, lost opportunities, and loss of experience, continuity, and corporate memory/knowledge.
  
  

• Policies promoting education and skill development among American workers will be crucial in responding to shocks buffeting the U.S. workforce.
  
  
• Current workers can expect to completely change their profession 3 times.
  
  
• Current wage earners can expect to have 6 to 8 job changes within a chosen profession in a lifetime.
  
  
• A historically high share of corporate income is going into profits and interest (i.e., capital income) rather than employee compensation - The Bureau of Economic Analysis.
  
  
• A greater share of capital income is going to the richest households (more than at any time since the Congressional Budget Office began tracking such trends).
  
  
• Individuals must prepare to come up with (at least) 50 percent of the income they'll need for retirement.
  
  
• The unemployment rate rose to 4.6% in January (from 4.5%).
  
  
• Wage growth slowed as average hourly earnings increased by only three cents, or 0.2%, to $17.09.
  
  

• According to the Employment Outlook section of the Wall Street Journal, recruiters say that job opportunities in health care, technology, and corporate finance and accounting fields will see the largest increases for executives, managers and professionals in 2007.
  
  

• Women made up only 6.4% of the top five earners among corporate officers.
  
  
• Women of color -- African-Americans, Hispanics and Asian-Americans -- held just 1.7% of corporate-officer positions in 2005, and were 1% of the top five earners at Fortune 500 companies.
  
  
• However, women are making their mark across a broader spectrum of businesses than ever before -Catayst.
  
  
• Women posted a net increase of 1.7 million jobs paying above the median salary, while men gained a net increase of just over 220,000 of such positions, according to a Bureau of Labor Statistics report for the years 2000-2005.
  
  

• According to the U.S. Equal Employment Opportunity Commission, age-bias lawsuits tend to rise and fall with the economy. The Age Discrimination in Employment Act (ADEA), a federal law, provides legal protections to persons 40 years of age and older working in private-sector organizations with 20 or more employees.
  
  Federal employees are also covered. Of the 17,416 age-bias charges received in 2001, 61% concern discharges or layoffs.
  
  
• While age-bias complaints correlate with the ups and downs of the economy, the number of women filing EEOC complaints for pregnancy-related firings has risen steadily. Private-sector employers with 15 or more workers are regulated by the federal Pregnancy Discrimination Act, as are most governmental employers. The Family and Medical Leave Act is applicable, and some states have additional pregnancy discrimination laws.
  
  Of the 2,232 pregnancy charges received in 2001, 74% of them concern discharges or layoffs.
  
  

• Post them on the door or at the edge of a cubicle.
  
  
• Print the three tips on a teeshirt. Put the basic style graph on the back!
  
  
• Add them as a scrolling marquee screensaver.
  
  
• Create flashcards. When someone doesn't honor that tip, have them signal! Neon orange is a good color for this.