Survey News

Survey News.BlogEmployee Turnover Rates Mostly Lower in 2015

MSEC asked employers to report their employee turnover rates in the annual Personnel Pulse SurveyThis survey contains information from nine Arizona, 184 Colorado, 26 Utah, and five Wyoming organizations. Most geographic locations reported a lower turnover rate for 2015 than reported for 2014. The exceptions were the Colorado Western Slope, Pueblo, and Arizona where the turnover rates increased. Listed below are the 2014 and 2015 turnover rates displayed by geographic areas.

 

2014

2015

Denver/Boulder

21.7%

16.7%

Colorado Springs

19.1%

17.9%

Northern Colorado

20.1%

13.0%

Colorado Western Slope

14.0%

15.0%

Pueblo

11.9%

23.3%

Colorado Resort Areas

34.8%

17.2%

     Colorado

21.5%

16.6%

     Arizona

23.6%

26.0%

     Utah*

22.1%

     Wyoming

25.4%

13.7%

*Utah turnover rates were not collected for 2014 data reports.

Participants were asked about the employees that left voluntarily, (Employee Initiated) and the reasons given for their decision to separate from the organization. According to the survey, the top three reasons employees leave their job are:

 

 

Arizona
(9 orgs.)

Colorado
(162 orgs.)

Utah
(22 orgs.)

Wyoming
(2 orgs.)

Personal Reasons

14%

22%

15%

50%

New job

71%

60%

75%

Relocation

– –

3%

5%

50%

There is not much employers can do about losing employees because of relocation. Nonetheless, employers can take steps to reduce the number of employees taking new jobs by reviewing their applicant screening and orientation processes and their pay and benefits to see if changes might keep employees from leaving the organization.

In addition to asking employers about separation rates, we also asked about the average length of service of their separated employees. The following chart shows the average length of service for nonexempt and exempt employees who left the organization.

Bar 1

 

 

 

 

 

 

 

 

 

 

 

We have looked at lots of survey data related to employee separation. Now let’s turn the focus to current employees. This next chart shows the average tenure of current employees in the organization. These data are displayed by geographic location and exempt and nonexempt employees. As you can see from the chart, Colorado has the lowest All Employee tenure rate at 8.1 years in comparison to Arizona at 8.3, Utah at 8.2, and Wyoming at 9.2 years.

Bar 2

 

 

 

 

 

 

 

 

 

 

 

For more in-depth information on turnover, tenure, job absence and cost of benefits, please see the full report of the 2016 Personnel Pulse Survey on the MSEC website. 

Mark Your Calendars

Industry Survey Time!  Look for the following survey questionnaires in the coming months.

  • Health & Welfare Plans AZ, CO, UT & WY (All Industries) – This survey collects information on health coverage premiums, dental insurance, LTD, STD, life insurance and more! Deadline for participation is June 3, 2016.
  • Colorado Ski Industry Compensation and Benefits – Projected pay increases, ski school information, employee benefits and compensation data for jobs specific to ski areas.
  • Colorado Rural Electric Association – Entry-level hiring rates, SCADA positions, and compensation on over 50 industry specific positions.

If you would like to participate in any of the above surveys and have not received a questionnaire, please contact the Surveys Department.