• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

InFront on the Workforce

Long-term and post-acute care publication

Subscribe | Events | Advertise | Contact Us

  • Facebook
  • LinkedIn
  • Twitter

  • HOME
  • ABOUT
    • Who We Are & What We Do
    • The Vision
    • Readership
  • RESOURCES
    • Important Links
  • Retention & Engagement
  • Culture & Leadership
  • Regulatory
  • Technology
  • Industry Trends

(4/1) Here’s What Your Turnover and Retention Rates Should Be Like

By Joanne Kaldy / March 31, 2021

 

The Bureau of Labor Statistics reports that the annual total separation/turnover rates in 2020 was 57.3%. You may look at this number and think you’re doing great. But before you pat yourself on the back, realize that calculating turnover actually is more complicated.

There are three things to consider as you establish turnover and rate guidelines for your company:

  1. Measure the right metrics. You need to consider how much turnover is voluntary versus involuntary and how much involves high performers. For instance, you might have 30% turnover, but it drops to 20% when you consider only voluntary departures but rises to 25% when you limit it to voluntary turnover for high performers.
  2. Consider the context of your industry. Different industries have different standards for turnover and different challenges associated with attracting and recruiting talent.
  3. Take action. If your turnover rates are high, do something about it. Focus on initiatives such as increasing flexibility, recognition, transparency, and engagement. Even if your rates are low, don’t rest on your laurels.

Read the full article.

Related Posts

  • (FEATURED BRIEF) Stress, Gender, and Leadership
  • (FEATURED BRIEF) Caregiving Duties Prevent Workforce Re-Entry, Study Finds
  • (4/24) How To Reduce Caregiver Turnover Rates During the Pandemic and Afterward
  • (FEATURED BRIEF) If You Get On with Your Boss You’re More Likely to Lie for Them, Says New Research
  • (3/3) ‘Alarming’ Nurse Turnover Rates Linked to Quality, Payment Woes in Major New Nursing Home Study

Categories: HR Industry Brief /

Primary Sidebar

AROUND THE WEB

Items of interest from across the web.

  • As More States Are Legalizing Marijuana, How Should Employers Respond – HR Executive
  • Giving Thanks for Senior Living Employees, Leaders — McKnights
  • 22 States Petition CMS to End Mandate As 76% of SNF Staff Behind on Vaccines – Skilled Nursing News
  • 6 Ways to Re-energize a Depleted Team – Harvard Business Review
  • 7 Ways to Lift Up the Employees’ Morale Ahead of Holiday Season — Entrepreneur
  • Workforce, Financial Relief Focus in ‘Tumultuous Period’ After Midterms: Argentum – McKnights
  • 6 Steps to Creating More Inclusive Job Descriptions – HR Morning
  • Mental Wellbeing and Resilience: Tech + Culture to the Rescue – HR Daily Advisor
  • Employers Have ‘Flexibility Fatigue.’ But That Could Put Them on the Wrong Side of the ADA. – HR Dive(11/16) Employers Must Push Preventive Care to Inflation-Worried Staff – TLNT

View All

CONTACT INFO

Publisher: CC Andrews
440.638.6990
Editor: Joanne Kaldy

PO Box 360727
Cleveland, OH 44136

CATEGORIES

  • CULTURE & LEADERSHIP
  • RETENTION & ENGAGEMENT
  • REGULATORY
  • TECHNOLOGY
  • TRENDS IN THE INDUSTRY

Copyright © 2025 - InFrontWorkforce.com. All rights reserved.