With the release of BenchmarkPro 2016, we have a bounty of updated compensation and benefits data at our fingertips! Are you aware the results also contain key data points like Total Turnover Rate?
With a new year upon us, many are taking a fresh look at key business metrics. One worth a look? Your turnover rate. To help provide some context regarding your organization's turnover rate, the infographic below provides total turnover rates by industry, as reported by employers in 2015.
The average total turnover rate reported across industries by employers in 2015 is relatively flat at 16.4 percent, according to Compdata Surveys’ national survey, BenchmarkPro, surveying 28,000 organizations. In 2014, total turnover rate was reported at 15.7 percent. When it comes to the 48-continental United States, here is the 2015 turnover rate by region:
Kansas City, Kan. – As the national unemployment rate continues to drop slowly, turnover rates are inching up in most industries. However, the average total turnover rate reported for higher education employers in 2015 is relatively flat at 12.8 percent, according to Compdata Surveys’ national survey, Compensation Data Colleges & Universities, surveying 338 higher education organizations. In 2014, turnover rate was reported at 12.5 percent.