ExitPro Industry Turnover 10-Year Trends 2012-2021 (1)

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Employee Turnover Trends10-Year Industry
Tracking Report 2022 Edition

• Region United States
• Data Range 2012 - 2021

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Introduction
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Introduction
This report contains the average monthly and
annual Voluntary employee turnover rates across
major U.S. industries over the past 10
years. Compare your organizations turnover rate
with its industry average. See if your employees
quit at a higher, similar, or lower rate than
your competitors.
Want a Turnover Cost Calculator?Click CALCULATE
THECOST OF EMPLOYEE TURNOVER HERE

• Data extracted from United States Bureau of Labor
  Statistics (Employment Unemployment Release),
  November 2021

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Employee Turnover Rate Definition

• 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 LondonMillennial Sales
  Associates Women Directors and above3 Year
  Tenured Accountants
• Remember Precision produces prediction

• Distinguish different Types of Turnover
• Voluntary
• Involuntary
• Retirees
• Transfers
• Interns
• Contract Positons
• (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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Executive Summary
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Executive Summary 2022 Forecast

• In the near future, Voluntary Employee Turnover
  is likely to
• Remain at elevated levels
• This is due to
• Record low unemployment in most industries
• High availability of financial capital
• Above average GDP growth
• Accelerating Salary Inflation
• Shrinking labor pool
• National turnover rates will change if
• (Other than significant economic event or natural
  disaster)
• Immigration quotas increase substantially ( ?
  Turnover)
• Consumer spending decreases significantly ( ?
  Turnover)
• Infrastructure legislation fails to pass ( ?
  Turnover)

• Turnover will not immediately be affected by
• Self-Driving Cars (in Trucking/Transportation)
• Vaccine Mandates
• Turnover will be affected long-term by
• Expanding virtualization/remote work
• Accelerating robotics deployment (in
  Manufacturing, Mining, and Warehousing)
• Renewal energy industry growth

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.
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How Does Forecast Impact Our Recruiting Strategy?

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 Balance Work-Life Blur, more
   mistakes, burnout, higher turnover

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Reference
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What is ExitPro?
ExitPro is the leading provider ofSecure 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. ExitPros exit interview forms are available in 18 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.

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Who is Retensa?

• Internationally-recognized employee retention
  experts by

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Who is Retensa?
Organizations in 56 countries and 18 languages choose Retensa for
Cloud Software Technology
ExitPro Exit Interview Management HRMetricsPro Talent Analytics Suite TalentPulse Unified Survey Platform Candidate, New Hire, Engagement, Stay Interview, Diversity Surveys, 30-60-90 Surveys, etc. 360 Degree Assessments, Upwards Evaluations, Performance Checks Employee Pulse Feedback
Services
Cost of Turnover Analysis Exit Interview Outsourcing Merger Acquisition Tracking Retention Skills Training Talent Analytics Program Design Turnover Diagnostic
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Where does ExitPro manage Exit Interviews?
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A History of Cutting Edge Research Retention
Thought-Leadership
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Turnover Rates
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Table of Contents (Index)

• Industries covered include the following
  (quicklinks below will access your industry)
• Arts Entertainment
• Construction
• Education
• Finance Insurance
• Government
• Healthcare
• Hotels Restaurants
• Manufacturing Durable Goods
• Manufacturing Non-Durable Goods
• Mining Logging
• Professional Services
• Real Estate
• Retail
• Transportation

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Industry Turnover Rate () Arts Entertainment
(USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
17
Industry Turnover Rate () Construction (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
18
Industry Turnover Rate () Education (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
19
Industry Turnover Rate () Finance Insurance
(USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
20
Industry Turnover Rate () Government (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
21
Industry Turnover Rate () Healthcare (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
22
Industry Turnover Rate () Hotels Restaurants
(USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
23
Industry Turnover Rate () Manufacturing Durable
Goods (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
24
Industry Turnover Rate () Manufacturing
Non-Durable Goods (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
25
Industry Turnover Rate () Manufacturing Total
(USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
26
Industry Turnover Rate () Mining Logging (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
27
Industry Turnover Rate () Professional Services
(USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
28
Industry Turnover Rate () Real Estate (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
29
Industry Turnover Rate () Retail (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
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Industry Turnover Rate () Transportation (USA)
To view the full ExitPro Employee Turnover Trends
Report Visit Store.ExitPro
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