Improving economy drives up quit rate

The economy is improving and so employees are resigning again.

Voluntary resignations have jumped by more than a percentage point, rising from 9.3 percent in 2011 to 10.6 percent last year, according to research from XpertHR.  

The highest percentage of quitters was found among service industry employees, where 12.2 percent left of their own volition. Just 8.1 percent of public-sector workers quit, and only 7 percent of manufacturing employees left voluntarily in 2012.

Breaking matters down by occupations, engineers were the least likely to resign (2.9 percent), followed closely by HR personnel (3.1 percent) and computer operators (3.3 percent). Housing sector staff and academics were most likely to turn in the resignations at 6.7 percent of all departures.

To us, the slow but steady increase in the voluntary resignation rate suggests that employees in these organizations have more confidence to seek new employment.

That’s great for people seeking new jobs. On the flip side, employers need to be on guard against losing their best talent.

For temporary assignments to help you fill in the gaps, call Apprentice Personnel.  

About the Author

Larry Hannappel

Larry spent 16 years with Century Casino’s and was instrumental in the start-up and growth of the company through expansions in Canada, South Africa, the Czech Republic, Poland and on several cruise ships as well as in Colorado. He was most recently the SVP, Principal Finance Officer and COO of North American operations for Century Casinos Inc., a multinational, Nasdaq-traded gaming company. Earlier in his career, Larry worked at the Johns Manville Corp. Larry spent 13 years in various accounting and finance functions in the company’s fiberglass manufacturing division and was key in the start-up of a molding plant in Indiana. Larry and his wife Kathy and three children live in Colorado. He enjoys four-wheeling, motorcycling, golfing, skiing and brewing beer.

Show Buttons
Hide Buttons