Other fields that had extremely high rates of staff turnover in 2020 include the arts and entertainment industry with 76%, retail trade with 65%, and construction with 57%.įor employee turnover rates by industry in 2021, the industry with the lowest rate is the government sector at 18%. Transportation, warehousing, and utilitiesįor employee turnover rates by industry in 2021, the industry with the highest rate is in accommodation and food service at 86%.
This number has remained failry steady over the course of 2022 and represents an enormous addition of 4.1 million new job openings since December 2020.ġ7.42% of employees who quit their job will do it within their first month of employment.Īlternatively, 16.45% of people quit their job within their first week of employment, and 14.48% of employees who quit do it after six months.Įmployee Turnover Statistics by Industry Industry Of the 33% who left their jobs within the first 90 days, nearly half stated that they quit because the position didn’t align with the expectations built during the interviewing phase.Īs of December, there are 11 million job openings in the United States. Since voluntary turnover occurs as a result of an employee’s decision, it is much more difficult to predict.ģ3% of surveyed employees quit their job within the first 90 days that they’re employed.Īccording to a survey of 1,500 workers in the United States done by a recruiting firm in 2018, nearly 500 individuals stated that they had quit their job within the first three months of employment. Industry | Region | Trends | Reasons | EffectsĪpproximately 60-70% of all turnover is voluntary.Īccording to a study conducted by the ADP Research Institute from 2015-2016, the majority of industries fall into this turnover percentage range. Highly engaged employees are 87% less likely to leave.ģ1% of employees have quit within the first 6 months of starting a new job.įor further analysis, we broke down the data in the following ways: In 2022, the overall cost of voluntary employee turnover amounted to over $1 trillion. 12% of this is voluntary, and 6% is involuntary (layoffs, terminations, etc.). The number of people who left their job due to quitting, layoffs, discharges, or any other separation increased to 5.9 million people in December.Ĭompanies lose 18% of their workforce to turnover each year, on average. According to our extensive research:Īs of 2021, the national average annual turnover rate was 47.2%. With that in mind, our research team set out to determine the reasons for employee turnover, its influence on organizations, and trends in turnover over the past couple of years. For many companies, employee turnover is a highly expensive issue.
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