Turnover is an inevitable part of doing business. While some turnover is considered healthy — pushing low-performing employees out while bringing fresh perspectives in — losing high-performing employees or too many in short periods of time destroys productivity and kills morale.
As a HR manager or leader at an organization, it’s important to keep your finger on the pulse of employee satisfaction and regularly analyze employee turnover rates. Total employee turnover has increased over the last few years, rising from 15.1% in 2013 to 18.5% in 2017. You should strive to have a turnover rate at or below the average for your area. View the turnover rats for your industry and region with the Compdata 2017 Turnover trends report.