[B-SIDE Podcast] Why do employees leave their company?

By 2023, the Philippine unemployment rate and voluntary turnover increased to 15.9% from 14.2% last year, according to a study from a risk and employment consulting firm. This means that many employees are leaving their companies for better salaries and growth opportunities.

From the company’s point of view, this is a possible indication of inefficiency, which can lead to other problems. To address this issue, Kshitij Kohli, Chief Operating Officer at Sun Life Global Solutions, shared his insights into the reasons and implications of high levels of corporate attrition. He also discussed strategies companies can use to control their unemployment rates and how they can adapt to changing demographics in the workplace.