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The Price Of Layoffs

Few companies are happy to announce layoffs, in part because of their effect on the morale of surviving employees. According to research group Staffing.org, there’s a good reason for that: workers who’ve seen colleagues laid off are far more likely than others to quit.

Citing a study by researchers at the University of Wisconsin-Madison, the group says that involuntary turnover of as little as 1 percent of a workforce led to a 31 percent increase in voluntary turnover. The problem is a tipping point that changes employees’ perceptions of their workplace, making them see their employer as a downsizer where they may not have a future.

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