Retail Turnover Rates In 2021
DailyPay
JULY 13, 2021
For context, the turnover rate was in the 42-45% range from 2016-2019, slowly creeping upward. This high turnover rate translates into more than 230 million days of lost productivity and $19 billion in costs associated with recruiting, hiring and training, according to Human Resources Today. 2020 saw an overall turnover rate of 57.3%
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