In the ever-evolving landscape of education, fluctuating trends in employee retention and turnover reflect a complex interplay of systemic, demographic, and societal factors. With teacher turnover emerging as a key issue, shortages of qualified educators intensify competition, leading some regions to reduce school weeks to four days. Higher education institutions are responding by prioritizing strategic talent management, including leveraging automated exit interview software(https://exitpro.com/), to create resilient workforces capable of navigating these challenges.
Employee Turnover Report in Education Industry 2013-2023
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EMPLOYEE
TURNOVER TRENDS
10-Year Industry Tracking Report: 2023 Edition
Region: United States
Data Range: 2013 - 2023
2. 2
Retensa: Talent Technology Solutions
www.retensa.com | 212.545.1280
US Employee Turnover Report Overview
Data extracted from United States Bureau of Labor Statistics (Employment & Unemployment Release), September 2023
This Turnover Trends report contains the average monthly and annual Voluntary
employee turnover rates across major U.S. industries over the past 10 years.
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.
The heat maps herein indicate the monthly turnover rate during the 10-year period from 2013 to 2023
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
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Retensa: Talent Technology Solutions
www.retensa.com | 212.545.1280
Employee Turnover Rate Definition
EMPLOYEE
TURNOVER
RATE
=
Number of Employees Separated
Average # of Active employees during Time
Period*
X 100
Aggregate turnover ≠ Actual Turnover
• Not all turnover is created equal
• Aggregate turnover rate alone can be misleading
• Target key employee populations to pinpoint opportunities &
areas of focus and for accurate reference for impact
• Examples: Engineers in London…Millennial Sales Associates…
Women Directors and above…3+ Year Tenured Accountants
Remember: Precision Produces Prediction
Distinguish different “Types” of Turnover:
• Voluntary
• Involuntary
• Retirees
• Transfers
• Interns
• Contract Positions
(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
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Retensa: Talent Technology Solutions
www.retensa.com | 212.545.1280
Want to Calculate Employee Turnover Cost?
CALCULATE
COST OF EMPLOYEE TURNOVER
HERE
CLICK LINK ABOVE to Estimate Your
Total Organization & Per Employee
Turnover Cost Calculation for Free
5. www.retensa.com | 212.545.1280 5
Retensa: Talent Technology Solutions
www.retensa.com | 212.545.1280
What does Retensa do?
Retensa is a global leader and innovator of
Employee Experience Insights
Employers receive data-driven solutions for predictive analytics. Mined from demographics, key
interactions, and real-time trends, the insights revealed help to create a high performing workforce.
Talent Management Services
• Cost of Turnover Analysis
• Exit Interview Outsourcing
• Merger & Acquisition Tracking
• Retention Skills Training
• Talent Analytics Program Design
• Turnover Diagnostic
Organizations in 59 countries and 21 languages choose Retensa for:
Cloud Software Technology
• ExitPro® Exit Interview Management
• HRMetricsPro™ Talent Analytics Suite
• TalentPulse® Employee Experience Platform
• Candidate, New Hire, Engagement, Stay Interview,
Diversity Surveys, 30-60-90 Surveys, etc.
• 360 Degree Assessments, Upwards Evaluations,
Performance Checks
• Employee Pulse Feedback
6. www.retensa.com | 212.545.1280 6
Retensa: Talent Technology Solutions
www.retensa.com | 212.545.1280
Where does Retensa manage Employee Insights?
Across 59 countries and 21 languages, Organizations choose Retensa in: