Salt Lake City—Employers Council, a leader in human resource and employment law services for the business community, Thursday announced the findings of its recent HR Metrics Survey with 2017 employee turnover rates. Employers in Utah reported a higher average employee turnover rate in 2017 vs. 2016 at 21.8 percent vs. 20.1 percent. Colorado employers also reported a slightly higher employee turnover in 2017, while employers in Arizona and Wyoming reported significantly lower turnover in 2017.
|All Employee Turnover Percentage||2016||2017|
|Colorado||18.2 percent||20.8 percent|
|Arizona||31.4 percent||16.3 percent|
|Utah||20.1 percent||21.8 percent|
|Wyoming||21.8 percent||14.1 percent|
Survey findings were collected from 213 organizations in Utah, Arizona, Colorado, and Wyoming represented a cross-section of industries, including the government, manufacturing, natural resources, non-profit, technology, financial and real estate, insurance, health care, retail and wholesale, service, construction, and utilities.
“Our recent survey data also indicates more employees in Utah are leaving their employer in 2017 vs. 2016. The 2017 employee-initiated separation rate at 16.2 percent is higher than the 13.9 percent rate in 2016.” said Ryan Nelson, President, Utah office of Employers Council. “Employers Council surveys its member organizations throughout the year to benchmark trends in HR metrics, compensation, and benefits within employers in the four-state region of Utah, Colorado, Arizona, and Wyoming. Employers Council’s survey data can assist employers in creating total compensation packages that attract and retain the right talent.”
According to the survey, the top three reasons employees leave their job are for personal reasons, a new job, and compensation. In Utah, the most common reason employees leave the organization is for a new job as reported by 42 percent of respondents. Personal reasons at 18 percent followed by compensation at 12 percent. Employers can take steps to reduce the turnover rate of employees taking new jobs by reviewing their applicant screening process, orientation process, and pay and benefits to see if changes to those policies might keep employees from leaving the organization for another position.
The 2018 HR Metrics Survey also includes statistics on Length of Service, Retirement Separations, Tenure Rates, Job Absence Rates, Compensation Expense, and Cost of Benefits. The survey includes breakouts of the data by company size, geographic area, and industry type.