Employee resignations fall by half

The number of employees resigning from their jobs has fallen by 50% in three years, according to a report published today by XpertHR.

Despite the drop in resignations, it was still the most common reason for employees in the 2010 report leaving their jobs, with 36 workers resigning per company. This compares with 72 workers resigning per employer in 2007.

Fewer employees opted for retirement this year, with an average of five employees per organisation taking retirement in 2010, compared with 10 three years ago.

Charlotte Wolff, XpertHR editor, commented: “These findings echo those of our 2010 survey on labour turnover rates, which found that employee resignations dropped from an average of 13.5% in 2008 to 12% in 2009. In a tight labour market this does not come as a surprise, but it is interesting to see that, alongside this, fewer employees are chosing to take retirement.”

However, the number of employees leaving due to redundancies or reaching the end of their fixed-term contracts rose in the last three years.

She added: “[Fixed-term contract termination] is arguably an easier way for employers to cut back on staff numbers and employment costs during difficult times.”

The research found that the most common length of notice period for resignation was one month. For redundancies, organisations were most likely to base the notice period on the statutory minimum.

Read the full report on XpertHR.

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