![]() “But over the last decade, it had gotten to its max peak - before we even hit the pandemic. “Our industry is set up to burn people out,” Jeff Phillips, founder of Accountingfly, told Fast Company. ![]() The industry with the highest turnover rate, according to LinkedIn data, is professional services - a sector that includes companies like the Big Four accounting firms, as well as business and IT consulting organizations.Īs a recent story in Fast Company illustrates, turnover is nothing new for the accounting industry - but it is reaching new highs. Industries with high employee turnover: professional services deal with the most churn Read on to see which sectors feel like a rapidly revolving door - and which feel more like a tame merry-go-round in comparison. The disparities get even wider when we look at industries. Meanwhile, enterprises boast a lower turnover rate of 9.9%. For instance, small and midsized businesses (SMBs) have a turnover rate of 12.0% - significantly higher than the overall average rate of 10.6%. Today, we take another look at turnover rates, this time through the prism of the company itself. ![]() Recently, LinkedIn shared how turnover rates vary across different functions, revealing, for example, that people in HR roles had the highest turnover rates (14.6%), while folks in administration had the lowest (7.8%). It’s the difference between constantly reacting and proactively planning. Once you have the data to anticipate turnover, you can act to retain key employees and recruit new ones ahead of time. ![]() One thing that helps: arming yourself with insights. No one wants their business to be a revolving door. Seeing a spike in your company's turnover is liable to cause a spike in your blood pressure. ![]()
0 Comments
Leave a Reply. |