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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.
6 Jan 2020
The number of people who have never worked grew by 52% in the past 20 years, according to the Resolution...
7 Oct 2019
Despite more older people having to work for longer, age discrimination is still very much a factor in UK employment
2 Oct 2019
As Boris Johnson prepares to put proposals for a new deal to the EU, research has shown that 87% of...
6 Sep 2019
Political and economic uncertainty continues to affect the labour market as data from the Recruitment & Employment Confederation and...
30 Jul 2019
PROMOTED | Inclusion is a key issue for any recruitment professional, but how can you make sure your business is doing all it can to attract, and retain, a wide-range of talent?
29 Jul 2019
The proportion of employers attempting to recruit has risen but two-thirds are still struggling to find the right candidates, prompting...
13 May 2019
Forty-three per cent of employers are upskilling existing staff to plug hard-to-fill vacancies and a similar proportion (41%) say it has become more difficult to recruit in the past year.
24 Apr 2019
UK employers are increasingly likely to hire agency workers amid continuing falls in confidence in the economy, according to the...
19 Feb 2019
The Bank of England is seeing a disproportionate number of ethnic minority staff leave the organisation, with it admitting that...
22 Jan 2019
The UK’s efforts to boost productivity while ironing out regional inequalities in job creation may be fundamentally at odds, according...
15 Jan 2019
In the world of modern dating, few things leave the sting of confusion and despair as much as being ghosted....
15 Nov 2018
“Systemic” shortages in the NHS workforce mean long-term plans for the health service risk becoming an unachievable wish list, according...
8 Oct 2018
The percentage of services firms finding it difficult to fill vacancies has risen to an all-time high, according to the...
23 Aug 2018
Radiology services could be on the brink of collapse if more is not done to fill vacant posts and train...