A Brief Analysis Of Some Statistics From A Survey On Employee Retention Rates And Some Ways In Which They May Be Improved.
The Chartered Institute of Personnel And Development (CIPD) issue a yearly survey of various figures concerning the recruitment, retention and turnover rates of the UK’s firms. The figures for 2008 was published in 2009’s survey and revealed some interesting facts, particularly in the area of employee turnover. Turnover rates can be measured for any length of time by using the following formula – “Number of leavers over the period to be assessed x 100, divided by the average total number of employees over that same period”. The timescale for the figures being assessed in this article was the year 2008.
The survey displays figures for numerous areas of the employment market to allow more in-depth analysis to be carried out. The staff turnover figure for the private sector was the highest at 16.8%. Further assessment of this sector is provided and shows that the specific industries with the highest levels of turnover are retail, catering, hospitality, leisure and call centres. The survey highlights that these industries have featured every year as having the highest turnover rates. Generally, the service sector continually appears in the list of industries with the highest staff turnover rates. It will be interesting to discover whether the latest strides in communication technology will begin to alter these figures, especially in those industries where staff could Work From Home. Telephone-based roles such as customer service or order taking could change into Online Jobs without businesses having to invest in state-of-the-art technology. Also, the growth in the number of new businesses which are referred to as an Internet Business could see turnover rates decrease as staff can Work From Home and control any issues in their domestic lives which in years gone by might have forced them to give up working. Childbirth and subsequent childcare is a pefect example, where despite maternity leave laws, many women are forced to give up their jobs as they cannot afford childcare costs. Permitting them to Work From Home, wherever possible, will make sure that the company holds on to the services of a trained, experienced member of staff and will save the costs involved in recruiting and training a replacement.
For the voluntary sector the turnover rate 16.4%. This is quite surprising as this sector also includes the community service and not-for-profit organisations and staff in this sector are often thought to be driven by their personal ethics when deciding to work for charities and similar types of organisation. The lowest rate of staff turnover, 12.6%, was in the public sector and this would seem to corroboratethe old clich
Tags: business, career, jobs, jobs online, online jobs