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20% turnover in our company in half a year. Is that an outlier? [closed]
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Our company had lots of new hires last year. Number of employees went up to almost 400.
I have just found out in our internal system that over 80 people left in the last 6 months. That makes a 20% turnover, 40% annualized if this continues, if I understand it well.
Seems like a lot to me, I think big companies proud themselves with having their employee turnover numbers in the scale of several percent.
Can anyone elaborate?
employees
asked Apr 2 '14 at 12:13
Martin
62
closed as too broad by Monica Cellio♦, CMW, Rhys, jcmeloni, Elysian Fields♦ Apr 3 '14 at 19:43
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
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up vote
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down vote
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Our company had lots of new hires last year. Number of employees went up to almost 400.
I have just found out in our internal system that over 80 people left in the last 6 months. That makes a 20% turnover, 40% annualized if this continues, if I understand it well.
Seems like a lot to me, I think big companies proud themselves with having their employee turnover numbers in the scale of several percent.
Can anyone elaborate?
employees
asked Apr 2 '14 at 12:13
Martin
62
closed as too broad by Monica Cellio♦, CMW, Rhys, jcmeloni, Elysian Fields♦ Apr 3 '14 at 19:43
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
1
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
1
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04
add a comment |Â
up vote
0
down vote
favorite
up vote
0
down vote
favorite
Our company had lots of new hires last year. Number of employees went up to almost 400.
I have just found out in our internal system that over 80 people left in the last 6 months. That makes a 20% turnover, 40% annualized if this continues, if I understand it well.
Seems like a lot to me, I think big companies proud themselves with having their employee turnover numbers in the scale of several percent.
Can anyone elaborate?
employees
asked Apr 2 '14 at 12:13
Martin
62
Our company had lots of new hires last year. Number of employees went up to almost 400.
I have just found out in our internal system that over 80 people left in the last 6 months. That makes a 20% turnover, 40% annualized if this continues, if I understand it well.
Seems like a lot to me, I think big companies proud themselves with having their employee turnover numbers in the scale of several percent.
Can anyone elaborate?
employees
asked Apr 2 '14 at 12:13
Martin
62
asked Apr 2 '14 at 12:13
Martin
62
asked Apr 2 '14 at 12:13
Martin
62
asked Apr 2 '14 at 12:13
Martin
62
62
closed as too broad by Monica Cellio♦, CMW, Rhys, jcmeloni, Elysian Fields♦ Apr 3 '14 at 19:43
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
closed as too broad by Monica Cellio♦, CMW, Rhys, jcmeloni, Elysian Fields♦ Apr 3 '14 at 19:43
Please edit the question to limit it to a specific problem with enough detail to identify an adequate answer. Avoid asking multiple distinct questions at once. See the How to Ask page for help clarifying this question. If this question can be reworded to fit the rules in the help center, please edit the question.
1
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
1
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04
add a comment |Â
1
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
1
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04
1
1
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
1
1
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04
add a comment |Â
1 Answer
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This will depend on the country, the business and other factors. A 40% turnover translates into an average tenure of two and a half years. Is that long or short for your conditions?
People in Europe will stay longer at their jobs than in the US. Average tenure in the retail business at the associate level in the US can be as low as 6 months, so 40% turnover will be very low for US retailers at this hierarchy level.
If I were in a business with a critical need for experienced people with a certain tenure, I would be concerned at such a figure, but it really depends.
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
add a comment |Â
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
up vote
3
down vote
accepted
This will depend on the country, the business and other factors. A 40% turnover translates into an average tenure of two and a half years. Is that long or short for your conditions?
People in Europe will stay longer at their jobs than in the US. Average tenure in the retail business at the associate level in the US can be as low as 6 months, so 40% turnover will be very low for US retailers at this hierarchy level.
If I were in a business with a critical need for experienced people with a certain tenure, I would be concerned at such a figure, but it really depends.
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
add a comment |Â
up vote
3
down vote
accepted
This will depend on the country, the business and other factors. A 40% turnover translates into an average tenure of two and a half years. Is that long or short for your conditions?
People in Europe will stay longer at their jobs than in the US. Average tenure in the retail business at the associate level in the US can be as low as 6 months, so 40% turnover will be very low for US retailers at this hierarchy level.
If I were in a business with a critical need for experienced people with a certain tenure, I would be concerned at such a figure, but it really depends.
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
add a comment |Â
up vote
3
down vote
accepted
up vote
3
down vote
accepted
This will depend on the country, the business and other factors. A 40% turnover translates into an average tenure of two and a half years. Is that long or short for your conditions?
People in Europe will stay longer at their jobs than in the US. Average tenure in the retail business at the associate level in the US can be as low as 6 months, so 40% turnover will be very low for US retailers at this hierarchy level.
If I were in a business with a critical need for experienced people with a certain tenure, I would be concerned at such a figure, but it really depends.
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
This will depend on the country, the business and other factors. A 40% turnover translates into an average tenure of two and a half years. Is that long or short for your conditions?
People in Europe will stay longer at their jobs than in the US. Average tenure in the retail business at the associate level in the US can be as low as 6 months, so 40% turnover will be very low for US retailers at this hierarchy level.
If I were in a business with a critical need for experienced people with a certain tenure, I would be concerned at such a figure, but it really depends.
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
answered Apr 2 '14 at 12:26
Stephan Kolassa
8,35532850
8,35532850
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
add a comment |Â
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
2
2
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
I would add the the rate of change of the turn over is also very important. If the company previously had a low turnover then it starts growing, its usually a good sign of problems.
– Ryaner
Apr 2 '14 at 13:14
add a comment |Â
1
How many people did you hire in the last year? If you went from 100 or 200 to 400, I suspect you don't have a problem - there's going to be lots of fallout with new hires, and if you've been on a hiring binge, you've got lots of new hires.
– Michael Kohne
Apr 2 '14 at 12:22
1
This probably varies greatly by industry and country. It also likely varies by internal turnover rates (ie people taking new positions internally).
– Elysian Fields♦
Apr 2 '14 at 13:01
What kind of company? In what country? Any relevant info as to the general economic situation in the area?
– Jan Doggen
Apr 2 '14 at 13:13
This is probably just a hire-fast, fire-fast company. They try lots of people and fire at the first sign of trouble, so it's just their philosophy. They also tend to be high-stress, so people will leave on top of that.
– Amy Blankenship
Apr 2 '14 at 19:04