Employee Turnover Rates Index (2022)

Knowing the turnover benchmarks for your industry, location, and roles is the first step toward improving employee retention in your org.  If unaddressed, excessive turnover can be corrosive to employee culture, productivity, and the bottom line.

Turnover benchmarks vary wildly dependent on the source. Our turnover rates are based on the quarterly figures of tens of thousands of businesses and can be trusted as an accurate snapshot of turnover this year.

We’ve annualized turnover rates for 2022 so that you can easily make comparisons. If you’d like to see our raw turnover data and discover the finer nuances of turnover in 2022, contact us at hello@praisidio.com. You’ll receive our entire data set for free.

Select a category below to compare your turnover rate against 2022 benchmarks.

Industry

With a minimum of 5.57% and a max of 17.71%, the average employee turnover rate across all industries for 2022 is 10.87%.
Industry Q3 Annualised
Artificial Intelligence 17.71%
Financial Services 17.14%
Health Care 16.29%
Data and Analytics 16.24%
Software 16.24%
Food and Beverage 14.36%
Payments 13.52%
Sales and Marketing 13.42%
Gaming 13.26%
Privacy and Security 12.92%
Education 12.64%
Transportation 12.36%
Media and Entertainment 11.58%
Sports 11.50%
Real Estate 11.45%
Commerce and Shopping 11.28%
Energy 11.27%
Biotechnology 11.15%
Platforms 10.62%
Information Technology 10.39%
Science and Engineering 10.24%
Consumer Goods 10.17%
Lending and Investments 10.13%
Messaging and Telecommunications 10.12%
Sustainability 10.05%
Government and Military 10.01%
Video 9.97%
Mobile 9.95%
Agriculture and Farming 9.86%
Internet Services 9.85%
Events 9.71%
Apps 9.70%
Hardware 9.51%
Music and Audio 9.42%
Community and Lifestyle 9.36%
Other 9.33%
Travel and Tourism 9.02%
Professional Services 8.87%
Administrative Services 8.71%
Consumer Electronics 8.61%
Advertising 8.44%
Design 8.25%
Clothing and Apparel 8.04%
Navigation and Mapping 7.98%
Content and Publishing 7.70%
Manufacturing 6.99%
Natural Resources 5.57%

Location

The average employee turnover per location in 2022 is 10.90%. The maximum turnover rate is 15.36%, while the minimum is 7.3%.
Location Q3 Annualised
San Francisco, CA 15.36%
Palo Alto, CA 14.21%
Boston, MA 13.20%
Brooklyn, NY 12.32%
Atlanta, GA 12.23%
New York, NY 12.14%
Seattle, WA 12.08%
Washington, DC 11.93%
Portland, OR 11.58%
Chicago, IL 11.45%
Los Angeles, CA 11.02%
Philadelphia, PA 10.95%
Denver, CO 10.95%
San Diego, CA 10.29%
Tampa, FL 10.26%
Minneapolis, MN 10.23%
Dallas, TX 9.97%
Charlotte, NC 9.80%
Irvine, CA 9.78%
Phoenix, AZ 9.70%
Houston, TX 8.91%
San Jose, CA 8.34%
Las Vegas, NV 7.68%
Miami, FL 7.30%

Role

The highest role turnover in 2022 is 17.75% and the lowest is 6.24%. The average across roles is 10.99%.
Role Q3 Annualised
Software Engineer - Non-Security 17.75%
Marketing 16.72%
Sales 13.58%
Software Engineer - Security 12.93%
Design/Art 12.60%
Product 12.08%
Talent 11.68%
Finance 10.84%
Business Operations 10.46%
Post Sales Support 10.39%
Engineering Support 7.82%
Office Support 7.38%
Legal 7.29%
Accounting 7.12%
IT Services 6.24%
For access to our full dataset including Industry x Role, Industry x Location, Role x Location, email us at hello@praisidio.com.

Prevention is always better than cure. Book a demo with one of our retention experts to see how Praisidio can help you solve turnover 6 months before it happens.