Interesting Numbers to Share (Across the Country)

Average cost-per hire:                       $4,129

Average time to fill a position:   42 Days

Average employee tenure:    8 years

Annual Overall Turnover Rate:  19%

Involuntary Turnover Rate:  8%

Organizations with Succession Plans:  34%

HR Expense to Operating – Expense Ratio:  15%

 

HR Magazine October 2016, “By the Numbers:  Human Capital Benchmarking”,  Source:  Society for Human Resource manager 2016 Human Capital Benchmarking Report

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