VCS Blog

28 December 2018

INFOGRAPHIC: 7 Key Employee Turnover Statistics

Posted by Michelle Grossman

Employee resignation

According to Forbes, employee turnover is the highest it’s been in 10 years – have you noticed your employees coming and going like a revolving door? If so, you’re not alone. TalentLyft has uncovered the 7 most interesting facts about employee turnover that you need to know to “help you prevent and tackle this serious and costly HR problem” in 2019.

#1: According to Gallup, 51% of employees are considering a new job.

#2: A report from the Center for American Progress found that turnover can cost organizations anywhere from 16% to 213% of the lost employee’s salary.

#3: Future Workplace study has found that 87% of employers said that improving retention is a critical priority for their organization.

#4: Allied Workforce Mobility Survey discovered that companies lose 25% of all new employees within the first year.

#5: According to the Society For Human Resources Management (SHRM), 69% of employees are more likely to stay with a company for three years if they experienced great onboarding.

#6: MRINetwork has found that 72% of candidates are driven by career advancement opportunities which are the number one reason why people change jobs.

#7: Companies that offer remote work experience 25% lower employee turnover, according to OWL Labs.

7 interesting facts about employee turnover [INFOGRAPHIC]

Furthermore, Forbes reports that:

"Employee turnover costs US companies $160 billion a year according to Wrike, a work management and social collaboration software tool that scales across teams in any business. And since high performers deliver up to 400% more than their mediocre counterparts, the cost of wasted talent poses a serious threat to the bottom line."

Luckily, workforce management solutions can also be the answer to employee turnover problems as they help to promote a healthy work/life balance for employees, while providing employers with insights into the data that matters the most, like measuring how their employees are performing.

Visit to learn more about how time & labor management software can help improve your workforce today.

What actions will you take to increase employee retention in 2019? Let us know in the comments!