The average turnover rate for RTO firms spiked by 14% after the mandates were announced, with employers likely to lose highly skilled staff.
“We further find that female employees, more senior employees, and employees with higher skill levels are more likely to leave RTO firms, consistent with RTO firms losing highly valuable employees,” the study stated.
Lower hiring rate reported
Meanwhile, the study also discovered that organisations implementing RTO take a longer time to fill new job positions and have lower hiring rates.