What is a good employee turnover rate?

An employee turnover rate of 10% or lower is considered a good retention rate. This means that the retention rate should be 90% or higher. 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 as well as the stress level associated with the job and the benefits and pay provided. Businesses should strive for 10% or less in turnover, but on average, businesses see a turnover of anywhere from 12% to 20%.