Employee Turnover Trends 2014-2023

In the Accommodation and Food Services industry, where turnover rates are notably high, successful retention strategies focus on competitive wages, attractive benefits, and opportunities for career advancement. Hotel and restaurant chains leveraging exit interviews gain valuable insights to predict and prevent turnover, striking a balance between operational demands and workforce support for exceptional customer experiences.

In Education, teacher turnover driven by retirement, attrition, and shortages necessitates strategic talent management. Automated exit interviews aid in addressing retention challenges and building resilient workforces.

Turnover rates in the Construction industry can be influenced by the ebb and flow of projects, seasonal variations, and the availability of skilled labor. Construction companies that implement exit interview software that capture employee well-being, professional development and adaptability, can reduce construction worker turnover and navigate the challenges inherent in this challenging industry.​

Leveraging advanced exit interview software helps address turnover drivers and retain a skilled and adaptable workforce, positioning manufacturers for long-term success in a changing landscape.

To retain talent, organizations must prioritize inclusive cultures, offer growth opportunities, fair compensation, and embrace remote work flexibility. Predicting turnover through exit interviews is crucial for attracting and retaining top talent in this dynamic field.

The public sector navigates a complex landscape of employee challenges and opportunities, emphasizing retention strategies amidst evolving workforce trends. By aligning turnover drivers revealed from exit interview questions with the unique attractors of public service, there is opportunity to target individuals post “Great-Resignation” who are looking for more meaningful work

Exit interview software helps capture valuable insights from departing employees, allowing retailers to adapt and improve their retention strategies. By leveraging HR metrics and exit interview reports, retailers can increase long-term talent success and maintain operational efficiency in a competitive market.

In the dynamic Finance industry, employee retention is influenced by economic, technological, and demographic factors. High demand for specialized skills leads to turnover, driven by competition and opportunities in fintech. Insurance firms focus on compensation and professional growth to retain staff. Real-time insights through exit interviews help predict turnover and maintain talent supply.

Real Estate turnover is influenced by market shifts and industry competitiveness. Retention strategies include commission incentives, tech adoption, and positive culture. Firms offering training, mentorship, and collaboration see higher tenure and revenue. Flexible work, data analytics, and diversity boost employee experience. Exit interviews aid HR in predicting and addressing issues for recruitment alignment.