Annual survey finds lower turnover in 2019 vs. 2018 as reported by Utah employers
SALT LAKE CITY – April 20, 2020 – Employers Council, a leader in human resource and employment law services for the business community, today announced the findings of its recent HR Metrics Survey with 2019 employee turnover rates. Employers in Utah reported a lower average employee turnover rate in 2019 vs. 2018 at 23.7 percent vs. 25.6 percent. Arizona, Colorado and Wyoming employers all reported higher employee turnover in 2019. While the survey does not reflect any data from the recent economic decline and job losses resulting from the ongoing COVID-19 pandemic, it does help illustrate the strength and stability of Utah’s job market prior to the downturn.
Survey findings were collected from 302 participants in Arizona, Colorado, Utah and Wyoming and represented a cross-section of industries including the government, manufacturing, natural resources, non-profit, technology, financial and real estate, insurance, health care, retail and wholesale, service, construction and utilities.
“For the first time in two years, Utah’s turnover percentage has lowered, and our survey data shows a slight decrease in Utah employees leaving their employer in 2019 vs. 2018,” said Ryan D. Nelson, president of Employers Council’s Utah office. “This could be for a number of reasons including employers updating their applicant screening process or improving their company pay and benefits policies to entice employees into staying. The positive numbers reflect Utah’s economic strength going into these trying times due to the COVID-19 pandemic.”
Employers Council’s survey data can assist employers in creating total compensation packages that attract and retain the right talent. The 2020 HR Metrics Survey also includes date on retirement rates, tenure rates, job absence rates, compensation expense as a percentage of total operating expense, and cost of benefits. The survey includes breakouts of the data by company employment size, geographic area and industry type.
For more information on Employers Council and the full survey data, visit employerscouncil.org.
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Employers Council serves more than 4,500 employers, of all sizes and industries, providing the resources needed to build and maintain profitable organizations. Members are assisted by over 70 human resource, organizational development and survey professionals and 60 staff attorneys out of offices in Salt Lake City, Scottsdale, Denver, Colorado Springs, Loveland and Grand Junction. Employers Council provides employment law and human resource services to members facing the everyday challenges of operating a business. Employers Council also provides training to more than 25,000-member employees annually and offers unsurpassed HR survey data. For more information, visit www.employerscouncil.org.