The data presented indicates a clear pattern of turnover rates across different roles and industries. In fact, the analysis revealed that government employees tend to quit their jobs at a rate three times lower than private sector employees. Positions in government agencies often offer stable employment, good benefits, and pension plans, which can lead to lower turnover rates. In sharp contrast, industries with the lowest turnover rates are: On the other hand, jobs with the lowest turnover rates are administration (7.8%), operations (8.8%), accounting (9.4%), business development (9.5%), and finance (10%).Īs per industry based on LinkedIn data, the professional services industry is exhibiting the highest staff turnover, or 13.4%, followed by tech and media (12.9%), the entertainment industry (11.8%), accommodation (11.8%), and retail (11.4%). At 14.6%, this position ranks four percentage points higher than the average 10.6%, followed by research roles (13.1%), product management (13.0%), marketing (12.9%), and consulting (11.7%). HR professionals, who are deeply invested in employee retention and turnover, are among those most prone to leaving their positions.Ī 2022 LinkedIn report on turnover rates across different functions places human resources at the top of the list of roles with high turnover rates. Better yet, companies should focus on achieving high retention rates to obtain and maintain low turnover rates. So, the perfect situation is not to have a zero-turnover rate. It is natural for people to focus on career growth and for businesses to adopt new strategies to stay competitive in the market. That means every employee who leaves is included in the turnover numbers, regardless of the reason behind their departure.Īlthough people leaving a company is mainly regarded as harmful, employee turnover is normal and even necessary. Hence, when measuring turnover, the business measures the total number of separations. It takes into account both voluntary turnover-when employees choose to leave-and involuntary turnover, which occurs when individuals are dismissed or laid off.Ĭauses of turnover range from termination and retirement to death, interagency transfers, and resignations.Ī simple definition of employee turnover would be the loss of employees in an organization over a specified time, usually one year. In the context of human resources, employee turnover refers to the total number of employees exiting a company within a given time frame by replacing an employee with a new one.
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