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Employee Turnover: 39 Stats Every Hiring Manager Should Know

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How likely are your employees to look for a new job? Why might they choose to leave? And who's most likely to walk out the door? See the results of exclusive research by Robert Half for the answers to these and other questions about employee turnover.

Published in: Recruiting & HR
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Employee Turnover: 39 Stats Every Hiring Manager Should Know

  1. 1. 39 Stats Every Hiring Manager Should Know © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
  2. 2. 28% 25% 17% 29% Overall Average Staff Moving On Source: Robert Half survey of more than 1,000 U.S. workers age 18 and over. Responses do not total 100 percent due to rounding. © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. Employees were asked, “How likely are you to look for a new job in the next 12 months?” Their responses, including a breakdown by age:I QUIT 42% are very to somewhat likely to to look for a new job in the next 12 months. Somewhat unlikely 24% 24% 18-34 35-54 Somewhat likely Very likely 39% 30% 29% 16% Very unlikely 8% 29% 35% 8% 9% 48% 55+
  3. 3. Reasons for Leaving Source: Robert Half survey of more than 2,200 U.S. CFOs and 1,000 U.S. workers age 18 and over. Top responses shown. CFOs and workers don’t see eye to eye on top causes of employee turnover: © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. Bored with job 18% 10% CFOs Workers Inadequate salary and benefits Limited opportunities for career growth or advancement 23% 39% 27% 14% Lack of recognition 8% 3% Overworked Unhappiness with management 10% 9% 13% 25%
  4. 4. Retention Worries Source: Robert Half survey of more than 2,200 U.S. CFOs. 45% of CFOs are somewhat or very concerned about retaining their current staff in the next 12 months. 36% of those CFOs think they could lose at least some of their staff. © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans. CFOs weighed in on how concerned they are about losing their staff members. Their responses:
  5. 5. Who’s Likely to Leave? Source: Robert Half survey of more than 2,200 U.S. CFOs. Responses do not total 100 percent due to rounding. 55% of CFOs said they experience the most turnover among entry-level employees. At what position level does your company experience the most employee turnover? Entry-level (0-3 yrs’ exp.) Mid-level (4-8 yrs’ exp.) Senior-level (9+ yrs’ exp.) Executive level 55% 31% 11% 2% © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
  6. 6. Retention Tactics Source: Robert Half survey of more than 2,200 U.S. CFOs. Multiple responses permitted. Top responses shown. Companies’ retention activities: Regularly check in with employees to ensure they are happy in their roles Regularly evaluate performance and discuss career development Regularly benchmark compensation and benefits to stay competitive Maintain a formal retention strategy 75% 73% 67% 60% © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.
  7. 7. For hiring and management advice, visit roberthalf.com © 2017 Robert Half International Inc. An Equal Opportunity Employer M/F/Disability/Veterans.

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