PTO Requests Hit Four-Year High and Hiring Outpaces Turnover, New BambooHR Workforce Insight Report Finds | PR Newswire [Video]

A new analysis of more than 4.3 million employee data points uncovers employees’ desires for career progression and work-life balance.

, /PRNewswire/ — BambooHR, the leading cloud-based human resource platform where everything works together, released its first Workforce Insights Report, which found that January 2024 had the highest percentage of employees making Paid Time Off (PTO) requests since the beginning of 2019. The data—pulled from the BambooHR platform—also shows that the average number of employee performance reviews in companies is increasing annually and hiring is now outpacing turnover.

“As people leaders, we’re constantly trying to stay ahead of workforce trends that might impact the businesses we work in. However, some of the most common metrics published like unemployment rates and labor participation rates don’t always provide the insights we need to make informed decisions in our day-to-day work,” said Brad Rencher, CEO of BambooHR. “The Workforce Insights Report is BambooHR’s monthly deep dive on …