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Benefits December 11, 2000
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.
Reported by Nevin E. Adams
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.
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