Editor's message: XpertHR's research on labour turnover reveals that 12.8% of employees resigned in 2014.
Staff retention relates to an employer’s strategy to manage healthy levels of labour turnover and retain employees. If labour turnover is too high or the most valuable employees are leaving, this can damage organisational performance.
Managing staff retention effectively is central to the health and success of any organisation. Even in sectors that do not experience a high level of staff churn or suffer from acute skills shortages, proactively managing the retention of key employees can make a significant difference to business performance.
Part of any strategy on managing retention will involve measuring labour turnover levels within the organisation. There are a range of calculations that employers can use to measure and benchmark their organisation’s labour turnover rate. To manage staff retention effectively, employers should focus also on analysing the reasons for voluntary staff turnover. XpertHR’s Good practice manual contains information on retaining staff.
Jo Jacobs, HR practice editor
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The latest XpertHR research reveals employers' staff turnover levels for 2014, and provides benchmarking data on occupational voluntary resignation and total turnover rates by sector and industry.
The latest XpertHR research on staff turnover reveals employers' attrition levels for 2013, including voluntary resignation and total turnover rates according to organisation size, broad sector and industry.
HR and legal information and guidance relating to employee retention.