Uploaded on May 30, 2022
This report contains the average monthly and annual voluntary employee turnover rates across major U.S. industries over the past 10 years. And, compare your organization’s turnover rate with its industry average. See if your employees quit at a higher, similar, or lower rate than your competitors. Checkout ExitPro's exit interview software. ExitPro exit interview forms are available in 18 languages and 56 countries with customizable report templates. Live Voice, SMS Text, & Kiosk services included.
ExitPro Industry Turnover Ten-Year Trends 2012-2022
EMPLOYEE TURNOVER TRENDS 10-Year Industry Tracking Report: 2022 Edition Region: United States Data Range: 2012 - 2022 www.exitpro.com | 212.545.1280 ExitPro: Exit Interview Software Introduction www.exitpro.com | 212.545.1280 Report Overview This report contains the average monthly and annual Voluntary employee turnover rates across Want a Turnover Cost Calculator?…Click: major U.S. industries over the past 10 years. CALCULATE THE COST OF EMPLOYEE Compare your organization’s turnover rate with its industry average. See if your employees quit at a TURNOVER HERE higher, similar, or lower rate than your competitors. The heat maps herein indicate the monthly turnover rate during the 10-year period from 2012 to 2022 Darker red indicates higher turnover rates compared to same month over past 10 years Darker green indicates lower turnover rates compared to same month over the past 10 years Data extracted from United States Bureau of Labor Statistics (Employment & Unemployment Release), November 2021 www.exitpro.com | 212.545.1280 ExitPro: Exit Interview Software Employee Turnover Rate Definition EMPLOYEE Number of Employees Separated TURNOVER = X 100 RATE Average # of Active employees during Time Period* Aggregate turnover ≠ Actual Turnover Distinguish different “Types” of Turnover: • Not all turnover is created equal • Voluntary • Aggregate turnover rate alone can be misleading • Involuntary • Target key employee populations to pinpoint opportunities & • Retirees areas of focus and for accurate reference for impact • Transfers • Examples: Engineers in London…Millennial Sales Associates… • Interns Women Directors and above…3+ Year Tenured Accountants • Contract Positons Remember: Precision produces prediction (Are you asking each Type the right questions when they leave?) *Time Period = Use Daily Average or (Active # on 1st day of period + # on Last day of period) / 2 www.exitpro.com | 212.545.1280 ExitPro: Exit Interview Software Executive Summary www.exitpro.com | 212.545.1280 Executive Summary: 2022 Forecast In the near future, Voluntary Employee Turnover is Turnover will not immediately be affected by: likely to: • Self-Driving Cars (in Trucking/Transportation) • Remain at elevated levels • Vaccine Mandates This is due to: • Record low unemployment in most industries Turnover will be affected long-term by: • High availability of financial capital • Expanding virtualization/remote work • Above average GDP growth • Accelerating robotics deployment (in Manufacturing, Mining, • Accelerating Salary Inflation and Warehousing) • Shrinking labor pool • Renewal energy industry growth National turnover rates will change if: (Other than significant economic event or natural disaster) • Immigration quotas increase substantially (= â Turnover) • Consumer spending decreases significantly (= â Turnover) • Infrastructure legislation fails to pass (= â Turnover) DISCLAIMER: Assertions above are based on proprietary analysis and publicly available information at the time. Retensa considers multiple varied economic indicators, consumer trends, and technological advancements to form these opinions, however makes no warranty on the information provided, and no guarantee is expressed or implied. www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software How Does Forecast Impact Modern Recruiting Strategy? TREND IMPACT ON RECRUITING TODAY 1 High Turnover = Higher job fills and overhead costs 2 High Job Demand = Salary inflation, benefits war, rejected offers 3 Low Talent Supply = Longer Time-to-Fill, lower Quality of Hire 4 Unable to Fill Vacant Positions = Higher Stress and workload on existing staff 5 Poor Work-Life = Work-Life “Blur”, more mistakes, burnout, Balance higher turnover www.exitpro.com | 212.545.1280 ExitPro: Exit Interview Software Reference www.exitpro.com | 212.545.1280 What is ExitPro? ExitPro is the leading provider of Secure Exit Interview Software ExitPro, created from the most successful exit interview survey questions, automates and streamlines exit interview templates for 50 to 50,000 employees. ExitPro’s exit interview forms are available in 19 languages in 56 countries, with customizable Exit Reports and Advanced Dashboard analytics to predict staff turnover. Additional Live Voice (phone), SMS Text, & Kiosk services are available. www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Who is Retensa? Internationally-recognized employee retention experts by: www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software What does Retensa do? Retensa is a global leader and innovator of Employee Experience Insights Clients receive data-driven solutions for predictive analytics mined from demographics, psychographics, real-time feedback, and trends to create a high performing workforce. Organizations in 56 countries and 19 languages choose Retensa for: Talent Management Services Cloud Software Technology • Cost of Turnover Analysis • ExitPro® Exit Interview Management • Exit Interview Outsourcing • HRMetricsPro™ Talent Analytics Suite • Merger & Acquisition Tracking • TalentPulse® Unified Survey Platform • Retention Skills Training • Candidate, New Hire, Engagement, Stay Interview, • Talent Analytics Program Design Diversity Surveys, 30-60-90 Surveys, etc. • Turnover Diagnostic • 360 Degree Assessments, Upwards Evaluations, Performance Checks • Employee Pulse Feedback www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Where does ExitPro manage Exit Interviews? Across 56 countries and 19 languages, Organizations choose Retensa in: www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software A History of Cutting Edge Research: Retention Thought-Leadership del cal Mo log i cyc le xit o ron Lif e ge E st o f Ch e a C o ts h lish plo ye ang u tems xit line n c b C lie es m a un u lti- l y E t o p e E xit Mu iew S ne i O n for no t Ll i to ey 1st t ta g E t v ee 1s ter le o nl ed o ey m y rv 8 S gr orm In ab ubl ish oer T ack K um pan Su of 9 De v b S m -1 60 Pl atf e-c ap rvie w P rno to- are st Co ID st 3 iew bil u nte T Bac k- tw V 1 rv o I f e So f 1 CO Inte 1st M 1s t o Ad ob at 2001 2006 2008 2009 2010 2011 2012 2013 2014 2015 2018 2019 2020 ulse P cle st of o ion ed cy C n h rvie w ode l ife e L re rch ate an U blisl Int e e al M ye a se a alcu po tw c ro rs: Pu it Ex ive rs ntio n pl of Re o Eu ina ata xt t Un ete 1st E m S iew 1st t n dv er i Sem eta S Te Sen lish R ter vee In tud y o D M st SM pub loy xit S Tu rn LE ew 1 o p st E NV EI rvi 1st t e f Em 1 r U it In t o rno ve st Ex Tu 1 www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Turnover Rates www.exitpro.com | 212.545.1280 Table of Contents (Industry Index) Industries covered include: 1. Arts & Entertainment 2. Construction 3. Education 4. Finance & Insurance 5. Government (click a link to 6. Healthcare 7. Hotels & Restaurants 8. Manufacturing Durable Goods access your 9. Manufacturing Non-Durable Goods 10. Mining & Logging 11. Professional Services industry) 12. Real Estate 13. Retail 14. Transportation www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Arts & Entertainment (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Construction (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Education (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Finance & Insurance (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Government (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Healthcare (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Hotels & Restaurants (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Manufacturing Durable Goods (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Manufacturing Non-Durable Goods (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Mining & Logging (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Professional Services (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Real Estate (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Retail (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Industry Turnover Rate (%): Transportation (USA) To view the full ExitPro Employee Turnover Trends Report Visit Store.ExitPro.com The heat map table indicates average monthly and cumulative annual turnover rates Darker red indicates a high turnover rate compared to same month in past 10 years Darker green indicates a low turnover rate compared to same month in past 10 years www.erextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software Discover the next generation of Talent Management solutions: THANK YOU Exit Interview + Separation Management www.exitpro.com Employee Experience + Talent Analytics www.talentpulse.com Retention Strategies + Retention Training www.retensa.com www.reextietpnrsoa.c.coom || 2 21122.5.54455.1.1228800 ExitPro: Exit Interview Software
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