Benchmarking labour turnover rates: Voluntary resignation rate is 8.6%
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The national median voluntary resignation rate stood at 8.6% in 2009, according to 2010 benchmarking research on labour turnover from IRS for XpertHR. The IRS/XpertHR benchmarking survey on labour turnover is based on responses from 256 employers with a combined workforce of more than 700,000 employees. In addition to detailed analysis of labour turnover rates, the survey provides extensive benchmarking data on the cost of labour turnover for the 2009 calendar year. |
Subscribers to XpertHR benchmarking can drill down into the complete benchmarking data from the 2010 survey of labour turnover rates and costs.
Click on the links to access full benchmarking data on each of the following key findings, then apply filters where necessary to view data by sector, organisation size and/or region:
- The national median voluntary resignation rate is 8.6%.
- By broad industry sector, the median voluntary resignation rate is 9% in private sector services, compared with 8.4% in the public sector and 6% in manufacturing and production.
- Across the economy as a whole, the national median cost of labour turnover is £258.67 per head.
- By region, London has the highest median total labour turnover rate (the crude wastage rate), nearly triple the national median.
- But London has the second-lowest median voluntary turnover rate in the UK. This suggests that far fewer individuals are voluntarily leaving work in the capital than are leaving due to other reasons, such as redundancy.
- More than half of those surveyed say the recession has affected turnover, most frequently resulting in a drop in voluntary resignation rates driven by the weak labour market.
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Michael Carty, Benchmarking Editor
