Canadian Human Resources Benchmarking: Turnover—June 2022

The Conference Board of Canada, June 7, 2022
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This ongoing series examines the HR practices and metrics of Canadian organizations, specifically around turnover, engagement, diversity and inclusion, absence, and health and safety.

Document Highlights

  • In 2021, average voluntary turnover decreased from previous years. However, voluntary turnover rates varied greatly by industry, sector, and region, ranging from 3 to 22 per cent.
  • Select industries—particularly retail and scientific, professional, or technical industries—are experiencing the Great Attrition. In these industries, more than one in six employees changed roles.
  • Unionized employees are leaving organizations at a lower rate than non-unionized employees, suggesting that the benefits of unionization are still attractive to employees amidst greater competition for talent.
  • Involuntary turnover is unprecedentedly low—likely because of labour market tightness brought on by an increasing number of retirements, low levels of immigration, and intense competition for talent.
  • Ten per cent of employees will be eligible to retire in the next three years, with most retirements expected in trades, service, and production roles. As a result, labour markets are predicted to tighten further in the coming years.

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