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Employee Turnover Industry Average

oboloo Glossary

Employee Turnover Industry Average

Employee Turnover Industry Average is a metric used to measure the rate at which employees leave the company over a period of time. It is employed as a benchmark to compare your current staff turnover rate against the industry average. This data can be used to identify possible issues affecting employee satisfaction and productivity, as well as help in optimizing retention strategies. Additionally, understanding overall attrition rates for a given sector helps to reveal larger trends that are affecting an industry as a whole. When looked at on a macro-level, it’s possible to draw strategic conclusions from these figures and inform future decisions.

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