Attrition · Overall

Turnover Rate Benchmarks

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Where Does Your Turnover Land?

Enter your headcount data to compare against industry benchmarks.

Turnover Rate Calculator
Key numbers
Turnover at a Glance
18%
Overall US median (2024)
Retail and hospitality pull this figure significantly higher than knowledge-work sectors.
10–12%
Technology sector median
Post-2022 layoffs compressed voluntary turnover; tech attrition is near a decade low as of 2024.
28–35%
Retail / hospitality median
High-volume, hourly-heavy industries consistently anchor the top of turnover tables.
Benchmark Table
Turnover Rate by Industry & Org Size

P25 = bottom quartile (low turnover). P50 = median. P75 = top quartile (high turnover). Source: SHRM, Mercer, Bureau of Labor Statistics 2024.

IndustryOrg SizeP25P50 MedianP75Top Performer
Technology<5008%11%16%6%
Technology500–5,0007%10%14%5%
Technology5,000+6%9%13%4%
Financial Services<50010%14%20%7%
Financial Services500–5,0009%13%18%6%
Financial Services5,000+8%12%17%5%
Healthcare<50016%22%30%10%
Healthcare500–5,00014%19%27%9%
Healthcare5,000+13%17%24%8%
Retail<50022%32%48%15%
Retail500–5,00020%28%42%13%
Retail5,000+18%25%38%12%
Manufacturing<50010%15%22%7%
Manufacturing500–5,0009%13%19%6%
Manufacturing5,000+8%12%17%5%
Professional Services<50012%17%24%8%
Professional Services500–5,00011%15%21%7%
Government / PublicAny5%8%12%3%
NonprofitAny10%15%22%7%
EducationAny9%13%19%6%
HospitalityAny25%35%55%18%
Transportation / LogisticsAny18%27%40%12%
Sources: SHRM Benchmarking Database 2024, Mercer Talent Trends 2024, U.S. Bureau of Labor Statistics JOLTS 2023–2024, Gallup State of the Global Workplace 2024.
Context
What the Numbers Mean
Your Rate vs. MedianInterpretationTypical Drivers
Below P25Best-in-class retentionStrong culture, compensation, career pathing
P25–P50Above averageSolid fundamentals; monitor voluntary split
P50–P75Below averageInvestigate exit interview themes
Above P75Elevated — action warrantedCompensation, management quality, onboarding