There's an app for that!
The first step to reducing attrition and improving employee retention is knowing where you stand and how your organization compares to industry-wide benchmarks. Now there’s an app that puts these turnover statistics right at your fingertips in seconds! The EE Turnover Tracker, created by the employee retention experts at Nobscot Corporation, gives you the tools you need to quickly access a variety of turnover data.
- Instantly view U.S. Department of Labor voluntary and involuntary employment turnover benchmarks for the most recent 12 months. This is updated on a monthly basis at no additional cost to you!
- Get turnover stats based on industry or location
- Benchmark how your company's turnover rates compare to the national average
- Calculate the ROI and how much money your company can save on decreasing your own turnover rates
HISTORICAL TURNOVER RATES
BLS Employee Turnover Rates For Year Ending August, 2006 - Released October 11, 2006
The following charts compare the latest turnover rates with the corresponding prior year data. These rates represent voluntary turnover and are not seasonally adjusted. All values are percentages and represent
12 month data from September through August.
Click on the links below the charts to see larger views and/or monthly detail. For turnover rates covering other time periods click here: Historical US employee turnover rates. For similar rates for Total Separations, click here: Historical US total separation rates. For previous year analysis, click here: Annual Turnover Ending August 2004. For 2005 turnover rates, click here: Annual Turnover Rates for 2005 (January-December).
Data is supplied by the U.S. Department of Labor, Bureau of Labor Statistics (BLS).
Overall U.S. voluntary turnover increased slightly to 23.4% annually, up from 22.7% the previous year. The highest turnover by far is still in the Accommodation and Food Services sector at 56.4% and the Leisure and Hospitality sector at 52.2%. Sectors that saw the highest increase in turnover were Accommodation and Food Services, up 7% from the previous year, Leisure and Hospitality, up 5.4% and Information, up 4.5%. The only sectors seeing a (slight) decrease in turnover were Real Estate, Natural Resources and Mining, and Professional and Business Services.
In the Government sector, turnover was up slightly at 8.2% with the Federal sector increasing the most to 9.3% up from 5.7%. Regionally, all areas were up slightly except the Northeast which saw a slight decrease.