Originally published by the Employers Council, now part of MSEC, on April 24, 2017.

The Employers Council revealed results from its 2017 HR Metrics Survey which include employee turnover (voluntary and involuntary); retirement, tenure and job absence rates; compensation expense as a percentage of total operating expense; cost of benefits as a percentage of payroll and executive benefits.

More than 250 organizations in Arizona, Colorado, Utah and Wyoming participated in the survey. The data breakouts include geographic area, company employment size and industry type.

“The survey information has been compiled to help businesses benchmark key HR metrics against their peer organizations,” said Employers Council Utah President Ryan D. Nelson, Esq. “We are continuously looking for ways to help our member organizations grow their businesses by attracting, retaining and developing exceptional talent. HR metrics give businesses the insights they need to effectively align workforce performance and productivity with their business goals and objectives. Metrics from this report are incredibly valuable in helping business leaders evaluate their operations and practices, and guide their decisions.”

The recent survey showed 2016 turnover rates for all employees among participating states have increased since 2015, except in Utah, which experienced a slight decrease from 2015.

Employee-initiated turnover in 2016 accounted for 23 percent or less of reported job turnover.

  • Arizona – 23.0%
  • Wyoming – 17.1%
  • Utah – 13.9%
  • Colorado – 13.3%

Most reporting organizations classified their employee-initiated turnovers in 2016 as neutral, as opposed to “desirable” and “undesirable.”

Arizona Colorado Utah Wyoming
Desirable turnover
(non-regrettable)
11% 24% 26%       —
Neutral turnover 67% 60% 49% 75%
Undesirable turnover (regrettable) 22% 16% 26% 25%

“Having access to turnover and other HR metric data helps employers focus on important industry best practices,” said Nelson. “The Employers Council HR Survey provides workforce metrics that are relevant, manageable and actionable. Business leaders want and need meaningful data that provide real insights into how they can maximize their human capital investment. Businesses must look beyond basic metrics to get a complete picture of their workforce and start measuring critical metrics directly related to business impact.”

Employers Council is an employer association that serves as a resource for business owners and operators in the region, providing expertise in employment law, HR, training and survey data. Membership provides access to the Employers Council team of attorneys and certified HR consultants. For more information on becoming a member or purchasing the HR Metrics Survey, visit www.msec.org or call 801-364-8479.

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ABOUT Employers Council

The Employers Council serves the human resource and employment law needs of the business community, helping employers manage all aspects of the employment relationship. With more than 75 years of experience in the employment arena, it is an organization unlike any other in the country. As a nonprofit corporation, Employers Council is mission-driven not profit-driven. Known as the professional, cost-effective resource of choice, Employers Council provides employers of all sizes and industries with the resources needed to build effective, successful organizations. Employers Council recently merged with Mountain States Employers Council in Denver, forming the nation’s largest employers’ association. Together, their combined organizations serve 3,800 employer members, which have over 220,000 employees. The Council provides employment law advice, HR support, workforce training, and survey data for employers throughout the western region.
CONTACT

Rhonda Greenwood
Love Communications
rgreenwood@lovecomm.net
801.706.6202

Austin Isbell
Love Communications
aisbell@lovecomm.net
801.519.8880

Originally published by the Employers Council, now part of MSEC, on April 24, 2017.