Employers Council recently published the 2021 HR Metrics Survey. This survey contains information on 2020 Turnover, Workforce Planning, Training & Development, HR Operations, Cost of Benefits and Executive Benefits. There were a total of 239 participating organizations from the following states:
Turnover rates were consistently lower across all regions for the last year compared to the year before. Information is broken out by geographic location and industry in the final report. This data is displayed by Non-Exempt, Exempt and All Employees for each demographic. The following chart shows the All Employee data line for turnover in the last two years.
Participants were asked about the employees that left voluntarily, (Employee Initiated), the reasons given for their decision of separation from the organization. According to the survey, the top three reasons employees leave their job are:
Career Change as a reason for turnover was new to the list of the top three this year, which is tied with compensation as a reason in Arizona, Colorado, and Utah. Employers can take steps to reduce the turnover rate of employees taking new jobs by reviewing their applicant screening process, orientation process, and pay and benefits to see if changes to those policies might keep employees from leaving the organization for another position.
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 non-exempt and exempt employees who voluntarily left the organization in 2020.
In addition to separations, the HR Metrics survey also has useful information in relation 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 non-exempt employees. As shown in the chart, Wyoming has the highest overall tenure for all employees at an average of 9.4 years.
For more in-depth information on turnover, tenure, training and development, workforce planning, cost of benefits, and executive benefits, please see the full report of the 2021 HR Metrics Survey on the Survey Results page.