Staff Turnover in the first 12 months of employment.
1 in 3 hires are failing in the first 12 months
In 2018, Staff Turnover in the first twelve months peaked at 31.9% which was equivalent to 1 in every 3.1 hires failing within the first year.
This was the highest level of first year turnover reported by this survey and passes for the second year the level recorded during the Global Financial Crisis.
The percentage difference between National Staff Turnover average and the first twelve months turnover average has increased significantly over the last 5 years.
This is concerning as it appears, we are becoming worse at recruiting and retaining our staff.
First year turnover is a key benchmark of recruitment and induction success.
The high rates pre Covid-19 show just how important it is for companies to look carefully at their recruitment and selection strategy – and onboarding process.
Ensuring new starters receive ongoing support and attention, and have the opportunity to raise any concerns as soon as possible, can help to avoid staff churn among this group.
Losing an average of 1 in 3.1 employees as in 2018 before completing one year of service is not only costly in terms of resources, but also for employee engagement among those already in positions.
The impact of Covid has led to a return of first year turnover to levels pre Covid. For the first 6 months we saw a level of 12.8% with the final 6 months of 2020 showing a significant
increase to reach the full year % of 31.4.
Turnover in the first 6 months of 2021 suggests that we may see a further annual increase for the full year of 2021.
