Workers in Colorado are the ninth most unhappy in the nation, according to a new study.
Workforce management platform TimeForge analyzed U.S. Bureau of Labor Statistics data to determine the rate of resignations across all major industries and in each state across the U.S.
According to the research, Colorado has a resignation rate of 29 per 1000 people, with a total of 168,000 resignations out of a population of 5,868,555. Accommodation and food had the highest resignation rate nationwide at 5.9 per thousand people, nearly double the number resignations seen across all other industries. Leisure and hospitality came in second, followed by retail.
The average resignation rate is the number of quits during the year so far as a percentage of total employment. Healthcare and social assistance and mining and logging had the lowest resignation rates.
Alaska most unhappy
The most unhappy state for workers is Alaska, according to the research, followed by Wyoming and Georgia. Alaska’s resignation rate is 34 per 1,000 people, as is Wyoming’s, and Georgia’s rate is 33 per 1,000 people.
“We recognize that the high rate of resignations across various industries and states is a significant concern for many organizations,” TimeForge said in a statement. “This trend in resignations is resulting in significant costs for businesses, with a cumulative expense of $210,450,000,000 for U.S. companies, taking into account the total of 21,045,000 resignations across industries and a conservative estimated cost of $10,000 per person for training and recruitment.”
TimeForge is a cloud-based software company that provides labor management and scheduling solutions for businesses in various industries, such as retail, hospitality, healthcare, and food service. Their software helps businesses streamline their employee scheduling process, manage time and attendance, and optimize labor costs.
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