Staff turnover
Labour turnover is the rate at which staff leave an organisation. There are different methods for measuring staff turnover, including the wastage index or standard formula, the resignation rate, the stability rate and the survival rate.
Benchmarking the employer's total turnover rate and voluntary resignation rate against those of similar employers can help the employer to establish whether the level of turnover is acceptable, too high or too low.
Employers need to analyse the underlying reasons for staff departures and, if the departure rates are too high, establish a retention strategy.
People analytics: Six essential HR metrics for 2018
With HR professionals identifying HR data and analytics as a top priority area for HR, new analysis from XpertHR Benchmarking...
Essential people analytics: Seven key HR metrics for 2017
With data and analytics playing an increasingly critical role in HR decision-making, latest analysis from XpertHR Benchmarking reveals the seven...
Absence rates continue to fall
Employers’ efforts to reduce absence are paying off, according to ongoing research by XpertHR. Successive XpertHR surveys on absence rates show a gradual decline in the number of days taken as sick leave by employees. In 2007, the median was 7.4 a year per employee but latest figures record a drop to 5.2 in 2013 ...
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...
Recession impacted turnover rates last year, reveals IRS survey
More than half of UK employers believe the recession affected their turnover rates last year, according to the 2010 IRS...
A quarter of employees plan to leave their jobs this year, survey reveals
Nearly a quarter of UK employees plan to leave their job in the next 12 months, a survey of 4,000...
Staff turnover: are employers managing it correctly?
Staff turnover is a notoriously complex issue for HR professionals to tackle. Gone are the days when employers could simply...
IBM crowd sourcing could see employed workforce shrink by three quarters
Multinational firms saddled with huge people costs are considering downsizing their permanent workforce and hiring sub-contractors on a scale never...
Business groups angered at Conservative pledge to scrap default retirement age
The Conservative pledge to “abolish the default retirement age (DRA)” entirely – going one step further than the government which...
Rate your employer website launches
A free website aimed at gathering honest and anonymous views from employees about their employer has been launched.Employerinformation. co.uk rates...
Social work recruitment crisis must be tackled
By Gill Hibberd, president of the Public Sector People Managers' Association
How I made a difference: Heather James, HR director, Vantis
Managing internal capacity in a downturn, the main aim is to retain people and minimise the risk to jobs. Vantis...
Government threatens to cut benefits to alcoholics
The government has threatened to deprive alcoholics of their basic benefits unless they sober up and go back to work,...
Judge orders stockbroker firm to stop poaching staff
A High Court judge yesterday ordered a leading London stockbroker to stop poaching its rival’s staff. US-owned BGC was told...
End to VAT concession piles on pressure at the worst possible time
Until the beginning of this month, recruitment agencies did not need to charge VAT on the wages of temporary workers...
