when assessing turnover, you can focus on the indicators

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Joywtome231
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Joined: Sun Dec 22, 2024 3:59 am

when assessing turnover, you can focus on the indicators

Post by Joywtome231 »

The company's turnover rate is 3.65%.

The turnover rate can be calculated for the entire company or for one branch, team or a separate category of employees, for example, for the self-employed.
Employee turnover rate
There are no clear rules on what is considered a normal turnover rate, as it depends on the business sector. Antal Talent conducted a survey and found out that the highest staff turnover rate is in three areas:

retail;
hotel business;
consulting.
Therefore, for one company, a staff turnover rate of 15% or 20% will be too high, while for another, this is, on average, a normal staff turnover rate.

According to the results of a study conducted by Antal Talent in 2023, the staff turnover rate in percentage terms in different business areas was at the following levels:


Statistics show that turnover rates will vary across different business sectors. Sometimes uruguay phone number list turnover can reach as high as 80%, especially in the hotel industry.

In general, specified in the study. If the ratio is lower in your company, this is good. If the turnover is higher, it is worth studying the reasons for this phenomenon. It is also important to consider that in new companies, staff turnover is usually higher.

There is such a thing as natural turnover. It is from 3% to 5% per year. Natural turnover can be useful: employees with fresh ideas appear in the company.
Types of employee turnover
The type of staff turnover determines which company management strategy to choose. For example, active turnover may indicate the need to improve working conditions. With passive turnover, it is necessary to analyze not only the reasons for dismissal, but also the hiring characteristics of the company.

Intra-organizational
Intra-organizational staff turnover is personnel changes within a company, i.e. the transfer of employees from one position to another. It can also be a transfer to another department or branch of the company.
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