Employee turnover is an important statistic for staffing firms. This figure tells you, on average, how many times a single temporary or contract position within your company was occupied by a different employee throughout the year. A high turnover rate means that your employees average a shorter tenure with your firm; the lower the turnover rate, the less money your firm spends on recruiting, training, and other costs associated with replacing employees.
In 2014, temporary and contract employee turnover averaged 359%, and the average tenure was 11.3 weeks.
A new section of the ASA website gives you a way to quickly and easily calculate your company's turnover rate and see how it compares with the industry average. The new interactive ASA Turnover Calculator lets staffing firms determine their average weekly employment and annual turnover rates.
There's also a turnover and tenure fact sheet, which has been updated with the latest available data. Access these resources on americanstaffing.net/turnover.
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