According to the Asia Hudson Report, the employment turn over rate in Asia is rising mainly due to high degree of poaching and pinching of staff by employers and headhunters.

Intense competition in the industry is resulting a wage inflation, with high tendency of employee leaving his or her current company for a better salary and compensation. Staff also leave their company to work with multinational companies and gain international exposure.

The failure of the employer to establish a well-structured retention scheme and good corporate culture make it easier for their staff to leave for greener pastures.

Unlike decades ago, loyalty is no longer the game of employment today. Job hopping seems to be the order of the day. However, while this will have intermediate positive impact to the employees involved (especially when salary is concerned), many of the people end up overdoing it and eventually end up chasing their own tail, unable to grow and climb up the corporate ladder.

Hudson is a consulting firm providing permanent, contract and professional management services with major presence in Asia and across other continents.

Employment turn over rate represents the ratio of the employees leaving in a period of time (normally, yearly or monthly) over the total number of employees in the company. Say,

Average number of employees = 300
Number of employees resigning/leaving in the last 1 year = 30

The (yearly) turnover rate is 30/300 = 10%

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