6.7%(p) in Dec 2022, Latest Hires Rate: (1) Total separations are the number of total separations during the entire month. Ask yourself which factors could be driving higher resignation rates? Job openings, hires, and total separations by industry, seasonally adjusted, Job Openings and Labor Turnover Technical Note, Table 1. . Now that you know some general employee retention statistics, we will talk about how this problem impacts various industries. Comparatively, in April of 2020, quitting only accounted for 17.25% of the total . Read More. Source: U.S. Bureau of Labor Statistics. Description: Quarterly compensation of employees paid to residents and non-residents; wages and salaries in goods-producing and services-producing industries, Canada. Not only does turnover directly impact a bar's bottom lineit costs approximately $5,000 to recruit and train a single hourly workerit also impacts the customer experience. information you provide is encrypted and transmitted securely. The total separation rate in 2021 was 47.2% ( BLS) That sounds terrifyingly highbut consider that this employee retention metric from the Bureau of Labor Statistics includes all industries throughout the country and is not adjusted for seasonal employees. To explore exactly who has been driving this recent shift, my team and I conducted an in-depth analysis of more than 9 million employee records from more than 4,000 companies. The increase in employment over the latest three-month period was driven by part-time workers. You can also segment employees by categories such as location, function, and other demographics to better understand how work experiences and retention rates differ across distinct employee populations. make sure you're on a federal government site. +0.5% in Jan 2023, Unemployment Rate: This program provides labor productivity, total factor productivity, and unit labor costs for the U.S. business sector, nonfarm business sector, manufacturing sector, and many individual industries. Rate of injury and illness cases per 100 full-time workers, Cases involving days away from work, job restriction, or transfer, Cases involving days of job transfer or restriction, (Source: Injuries, Illnesses, and Fatalities). RSS The fight for top talent is on and shows no sign of stopping. Federal government websites often end in .gov or .mil. BLS offers many types of data for regions, states and local areas. The number However, if your organization's turnover is at, or near, these levels, you may have . Hospitality turnover rose to 72.1% in 2015 - Nation's Restaurant News Resignation rates are highest among mid-career employees. According to the U.S. Bureau of Labor Statistics, the average employee turnover rate in 2021 was 47.2% . Total separations rates rose in 7 states and fell in 6; quits rates fell in 5 and rose in 3, and layoffs and discharges rates rose in 7 and fell in 7. . The Current Employment Statistics survey is a monthly survey of the payroll records of business establishments that provides data on employment, hours, and earnings at national, state and selected local levels. These pages display a "snapshot" of national data obtained from different BLS surveys and programs. The .gov means it's official. The site is secure. Over 100 industry pages are available. The latest industry averages of hourly earnings and weekly hours, as well as weekly earnings by union membership status, are shown.
