As part of the 2007 edition of its Compensation Data Survey, CompData Surveys publishes voluntary turnover rates by industry, an excerpt from which is shared below. The average turnover rate across all industries is 12.3%, but the rates range widely from a low of 6.5% in Utilities to a high of 21.3% in the Hospitality industry.
2007 Voluntary Turnover Rates by Industry
- Hospitality: 21.3%
- Healthcare: 15.5%
- Real Estate/Construction: 15.4%
- Distribution/Warehouse: 15.3%
- Other*: 15.1%
- Services: 14.7%
- Not-For-Profit: 13.7%
- Financial Services: 13.3%
- Technology: 10.6%
- Manufacturing: 10.2%
- Utilities: 6.5%
*Other includes organizations not otherwise classified, including retail, landscaping, newspaper and other organizations involving communications/media.