The average employee turnover rate in the restaurant industry is 75%. Additionally, the airline industry relies highly on contract and seasonal workers, contributing to its turnover rate. The industry also has a highly competitive and demanding work environment, which requires employees to work long hours, deal with jet lag, and face uncertainty in the job market. Due to the high training expenses and the scarcity of knowledgeable commercial pilots, airlines have more motive to ensure their employees are content. Over half of the top 20 businesses with the best staff retention rates are airlines, which is greater than any other industry. The airline sector is skilled at looking after its employees. We’ve compiled employee turnover rates based on different industries and job intent. And we’ve seen that different reasons may be responsible. Average Employee Turnover Rates By IndustryĮmployee turnover rates vary across industries, with some sectors having higher turnover rates than others. This sector encompasses various governmental activities, including law enforcement, firefighting, urban planning, and international affairs. Government entities experience the lowest turnover rate, with only 8.4%, compared to the average of 10.6%. However, like many tech firms, its employees receive frequent recruitment offers from headhunters seeking to hire people with tech expertise. At first glance, it may seem like the kind of workplace that skilled tech professionals would never want to leave. On the other hand, Coinbase is a well-paying and leading company in a dynamic and innovative industry. Many workers are either students earning extra cash during the summer or seeking temporary employment while looking for higher-paying, longer-term career opportunities. Unsurprisingly, Popeyes is among these companies, given that fast food outlets have a high turnover rate. These are the cryptocurrency exchange Coinbase, Avelo Airlines, and fast food outlet Popeyes, where staff stays on average for just 0.8 years. Three companies are tied for having the worst employee retention rate. Given the high demand for workers with tech skills, engineering employees, in particular, also have a higher turnover rate than average. The technology and media sector had a turnover rate of 12.9%, the second-highest of all industries. These companies typically employ a large number of entry-level workers who are seeking temporary employment or a stepping stone to a better job.Ī LinkedIn report shows that consulting firms, especially the Big Four, have high turnover rates, with burnout being a major reason for people jumping ships. What Companies Have A High Turnover?Ĭompanies with high turnover rates are mostly those in the service industry paying low wages and offering limited benefits - Fast-food restaurants, call centers, and retail stores. In contrast, occupations that require more education and training, such as healthcare professionals, have lower turnover rates. These jobs include retail salespersons, fast-food workers, and home health aides. The highest turnover rates occur in low-paying jobs that require little education or experience. What Occupations Have The Highest Turnover Rate? Lack of opportunities for career growth and development.Having negative perceptions of the boss or management.Here are some typical causes of employee turnover: Although some causes of turnover may be circumstantial and undesirable, a certain amount is anticipated and acceptable. There are multiple reasons why workers depart from a department or an organization. While an organization typically counts the number of departing workers, turnover can refer to divisions, such as specific departments or racial or ethnic groups. You can calculate it by dividing the number of employees who leave the company by the average number of employees during the same period.įor example, if a company has 100 employees at the beginning of the year and ten employees leave that year, the turnover rate would be 10%. What Is Employee Turnover Rate, And Why Does It Happen?Įmployee turnover rate is the percentage of employees who leave an organization and are replaced by new hires. This article will compare industries with high and low employee turnover rates, explicitly focusing on the airline, restaurant, construction, hospitality, healthcare, and retail industries. Employee turnover rates differ across sectors, and companies need to understand the causes and implications of high and low employee turnover rates to thrive. It’s a recurring question because employee turnover is a significant concern for most companies and industries. A pertinent question among employers and talent management is often - What makes an employee stay at a company for a lengthy period? What industries have the highest to lowest turnover rates and why?
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