What’s your turnover rate?

The most reliable way to use turnover rates is to compare an organization against itself over time: consultant
By Uyen Vu
|Canadian HR Reporter|Last Updated: 10/28/2003

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urnover rates are one of the most consulted sets of statistics in the human resources world, but how useful are they? Like any set of figures, they need to be handled with care.

The most reliable way to use turnover rates is to compare an organization against itself over time, said Ken Strom, senior consultant specializing in strategic rewards at the Toronto office of Watson Wyatt Worldwide. Comparing an organization’s turnover rates against that of others is just too fraught with variables to rely upon, he said.