Research conducted by S&P Global shows that, worldwide, the discretionary consumer sector had the highest billing rate, at 20.5% percent. The sector includes a wide range of industries, such as specialty retail, automotive, media and electronics. Healthcare (13.2%), IT (12.7%), finance (12.6%) and manufacturing (11.8%) are among the most difficult industries when it comes to voluntary turnover. The U.S.
retail and wholesale industry The U.S. has the highest turnover rate, at 24.9%. Meanwhile, the chemical industry enjoys one of the lowest turnover rates, at just 9.1%. We've selected some examples of jobs to shed more light on how these positions are affected by turnover.
By analyzing turnover rates by position, your team will know which departments may be thriving and which need a little love. In technology centers such as Palo Alto and San Francisco, software engineers may experience higher turnover rates due to abundant job opportunities, competitive salaries, and access to innovative companies. This “set” system tends to offer more stability and predictability than the high-turnover jobs mentioned above. In states experiencing rapid population growth and a construction boom, such as Texas, construction project managers may experience higher turnover rates due to labor shortages, increased competition for skilled workers, and demand for construction projects.
If you compare high and low turnover positions, you'll find that high-turnover jobs require more skills and interpersonal interactions to produce a final result. Oddly enough, these low-turnover jobs follow a more rigid institutional system that involves compliance with regulations and flow processes. of work. And since they are the most sought after, this could mean that people who occupy these jobs have more opportunities to go to greener pastures, which would increase turnover.
