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Employee Turnover Rate Benchmark

oboloo Glossary

Employee Turnover Rate Benchmark

Employee Turnover Rate Benchmark is an important metric that represents the rate of employee turnover within a company. This figure helps business leaders track how often their staff leaves, which is critical for evaluating their recruitment, retention, and performance success rates. For organizations to track their turnover rate accurately, it is important to understand what constitutes a “normal” rate. Generally accepted as a good benchmark, experts estimate that a healthy employee turnover rate should remain below 20%, indicating consistently strong employee engagement. Any higher and it may be an indication that something is amiss in the workplace – potentially leading to an exodus of your best employees.

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