The 2024 Annual Employer Survey
ZipRecruiter finds a sharp decline in employee turnover from the previous year at surveyed businesses—the hallmark of what some are calling the “Great Stay.” Businesses reported an average annual turnover rate of 215% in 2023—meaning the typical firm replaced its entire workforce more than twice in a single year. In 2024, that figure dropped 37%, to 135%, marking a significant stabilization in workforce dynamics.