Average employee turnover rates, what’s considered a healthy churn?
An employee leaving a company can often be viewed as damaging, however, you could argue that actually, staff staying too long with a company can be just as harmful. What you don’t want is de-motivated and poor performing employees staying with you just because they’re ‘comfortable’.
Organisations need some amount of churn to ensure maintain high levels of motivation and ensure fresh blood is injected to generate new ideas and working practices which will, in turn, help a company to grow.
The point at which you need to worry and take stock is when turnover has a negative effect on company performance.
Why are employees leaving?There are three main reasons why your staff could be looking to leave, as described below:
- Dissatisfaction in their current role/company
- A change in ‘home’ circumstances
- Attracted by a new opportunity in a different company
- Amount of employees at the beginning of April: (1000) + new starters (60) – leavers (112) = 948 employees
- (1000 + 948) / 2 = 974
- (112 / 948) x 100 = 11.8% turnover rate for April
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