The job market has been rough over the past year, for workers, at least. According to a new report, 50% of hiring managers are expecting employee turnover to CLIMB in 2026. The average cost of an employee leaving has jumped to more than $45,200, which is up sharply from $36,700 last year. 64% of companies with 500 or more employees expect turnover to rise, while it’s less intense for smaller businesses. The reasons for more turnover include: Increased workplace demands, a competitive job market, better pay and benefits offered elsewhere, and employees switching careers.