Voluntary turnover is on the increase in Australian companies, increasing by almost 30% since 2004* and with the skills shortage continuing to bite across the nation, replacement staff are becoming harder to find and more costly to secure.  Even though companies with above average voluntary staff turnover are increasing salaries and training investment, this does not seem to be reversing this upward trend.

Of great concern is that almost one-in-three organisations with a high voluntary staff turnover rate do not know why staff are leaving their organisation. 

Following further analysis of data collected for the National Salary Survey, the Australian Institute of Management has developed a comprehensive report that attempts to shed some light on the growing issue of voluntary staff turnover, by comparing and contrasting the characteristics and HR practices of companies with above or below average voluntary staff turnover rates, specifically:

• Turnover rates by State - where is turnover highest?
• The main reasons staff give for leaving an organisation
• The main activities undertaken to reduce staff turnover
• Differences in training investment and staff reward strategies 

The findings of this paper suggest that, while adequate remuneration is vital to securing staff, other factors within the organisation influence retention.

This discussion paper, is available in soft copy from AIM Research & HR Consulting at a cost of $245 + GST. Please e-mail us on info@aimsurveys.com.au to order your copy.