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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.
18 Jan 2021
Although ministers have denied there are plans to cut EU workers' rights, companies need to consider how they might be affected if the working hours directive were to be diluted.
2 Mar 2020
Putting up with toxic employees risks damage in the form of churn and lost productivity, no matter how 'brilliant' they are.
16 Dec 2019
Financial worries are costing employers billions every year in absenteeism, lost productivity and turnover costs – but organisations are doing...
9 Jan 2019
With data and analytics still at the top of the HR agenda for 2019, which are the key metrics HR...
29 Nov 2018
The government has been urged to act on the Conservative Party’s 2017 pledge to introduce specific employment rights for working...
29 Dec 2017
With HR professionals identifying HR data and analytics as a top priority area for HR, new analysis from XpertHR Benchmarking...
18 Jan 2017
With data and analytics playing an increasingly critical role in HR decision-making, latest analysis from XpertHR Benchmarking reveals the seven...
30 Jul 2014
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 ...
1 Oct 2010
The number of employees resigning from their jobs has fallen by 50% in three years, according to a report published...
14 Jun 2010
More than half of UK employers believe the recession affected their turnover rates last year, according to the 2010 IRS...
1 Jun 2010
Nearly a quarter of UK employees plan to leave their job in the next 12 months, a survey of 4,000...
20 May 2010
Staff turnover is a notoriously complex issue for HR professionals to tackle. Gone are the days when employers could simply...
23 Apr 2010
Multinational firms saddled with huge people costs are considering downsizing their permanent workforce and hiring sub-contractors on a scale never...
13 Apr 2010
The Conservative pledge to “abolish the default retirement age (DRA)” entirely – going one step further than the government which...