2022 Employee Turnover in Professional Services
Despite the great resignation, and recession fears, employee turnover in professional services remained low in 2022. By historical comparison, employee turnover in 2022 was not a problem for most firms.
Boutique firms (10-250 billable employees), in particular, added headcount and increased wages in 2022. Many report they have too much work and are having trouble finding enough talented workers.
One segment, marketing and advertising agencies, continue to run approximately 2x higher than the other segments in pro serv.