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This question is about employer.
What is a good employee retention rate?
An employee retention rate of 90% or higher is considered a good retention rate. This means that there is a turnover rate of less than 10%. This is a good goal to aim for when looking into employee retention rates.
There are some variances across industries, as some industries see much more turnover than others. This is typically based on the nature of the job, with higher stress and lower-paying jobs seeing lower retention than others.
There may be outside sources that affect retention rates as well. For example, the retention rate for teachers post-Covid 19 has dramatically decreased. This is due to the changing state of teaching during Covid-19 regulations.
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