Rising turnover cause for concern

Recruiting, retention a problem for 58 per cent of employers: Survey
By Liz Bernier
|Canadian HR Reporter|Last Updated: 11/19/2013

The economic recovery has been a boon for business, but it comes with a rather unwelcome consequence for employers: Rising turnover rates.

Voluntary turnover rates dropped to 6.1 per cent in the aftermath of the 2008 downturn, but they’ve been slowly increasing since then, said Nicole Stewart, a research associate at the Conference Board of Canada in Ottawa.

“What we saw was pre-recession, they were creeping up to 9.7 per cent in 2008, and then we kind of saw the effects after that in 2010, where people were staying put in their jobs — turnover dipped quite a bit,” she said. “But since the economy has started to pick up a little bit, we’ve seen the numbers rising again — although they’re not back to those levels that we saw pre-recession.”