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Employee turnover can bring a mixed bag of positive and negative impacts. Although some turnover brings interruption to ongoing projects and costly recruiting, sometimes it’s beneficial for revitalizing or fine-tuning your workforce. In either case, it’s critical that you prepare for turnover so you can be proactive in taking the steps needed to retain your top talent.
Workforce turnover presents a dilemma to all companies. Some estimate that the cost of losing and replacing a single employee can equal more than twice that employee's salary, with costs increasing further based on the departing employee’s seniority. Be proactive with your talent retention and workforce planning efforts and explore information regarding voluntary and involuntary turnover across six career levels.
Published: November 2020
Next release: November 2021
File format: PDF
CAD 950 - 1,200
Talent All Access® Portal - Canada Edition
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If you need this data for the US please visit the US version of the Workforce Turnover report. And, if you are operating globally, the global version of the Workforce Turnover report is also available.
This product is included in the Talent All Access® - Canada Edition, where you receive 20+ reports in one easy interface.
Individuals or companies using Mercer data for consulting services or commercial purposes are subject to different rates. Please call for more information.
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Compare your company to the market with base salary and total cash compensation data for up to 50 benchmark jobs.
Policy data that ensures a well-rounded approach to employee departures.