College Grads Spur Employee Turnover

December 11, 2000 (PLANSPONSOR.com) - Thanks to a strong job market, nearly 10% of college graduates will leave their first job within the first year, and nearly 25% won't be there in five years, a new study said.

The one-year turnover rate of 9.6% is up from 8.6% a year ago, but was down from 1997 and 1998. 

However, a more dramatic increase was the five-year finding, which was at 24.8% from 22.4% just a year ago.  In fact, the five-year turnover rate has continued to increase steadily over the past eight years, according Mimi Collins of the National Association of Colleges and Employers told CNNfN.

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The new Employer Benchmark Survey conducted by the National Association of Colleges and Employers noted the top three reasons for recent college graduate turnover were:

– Better compensation
– Opportunity for advancement
– Relocation


 

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