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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.
9 Jun 2020
More than half of employers expect recruitment to return to ‘normal’ pre-Covid-19 levels by this time next year.
14 Feb 2020
Downing Street has announced that the new points-based immigration system will be implemented from 1 January 2021.
4 Feb 2020
Research published today shows that 36% of UK employees report having a “low-quality” job.
Analysis of the Household Longitudinal Study...
14 Jan 2020
The National Probation Service, the organisation that supervises high-risk offenders in the community, is hampered by staff shortages...
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...