According to ISS Corporate, 25% of Americas companies disclose their employee turnover rates and an additional 8% disclose the turnover rate for some of their employees, compared to 57% and 12%, respectively, of EMEA companies and 43% and 28%, respectively of Asia Pacific companies. Company size is correlated with disclosure prevalence and turnover rates, with larger companies more likely to disclose and having lower turnover rates/higher retention rates than smaller companies.
The following bar chart depicts the rate of disclosure and median turnover by industry among large-cap companies based on data from ISS’s Environmental & Social QualityScore:
While many industries with high disclosure rates are associated with lower employee turnover rates/higher retention rates as compared to other industries, the Real Estate sector, which has the highest median turnover rate at 8% falls in the middle in terms of transparency, and Information Technology, which brings up the rear on the transparency scale, has among the lowest employee turnover rates.
This post first appeared in the weekly Society Alert!