![[Canada] Average employee turnover costs rise to more than $30,000](http://gpa.net/cdn/shop/articles/bigstock-Unemployed-Hold-Cardboard-Box--421817702_bec98cc2-e846-43f7-b447-a6ddce16fb8c_1200x.jpg?v=1770768691)
In Canada, new research has revealed that the cost of employee turnover is on the rise, with nearly one in three hiring managers expecting departures to increase this year, HR Reporter reports.
The findings were based on a survey released by Express Employment Professionals and a separate Job Seeker Report.
They reportedly showed that the average cost of turnover has risen to $30,680 per employee, up from $29,234 a year ago, increasing pressure on organisations already fighting over talent in a tight labour market.
Among companies with 100 or more employees, 37 per cent of hiring managers said they expect turnover to rise in 2026, while only 22 per cent of small businesses with 10 or fewer employees anticipate higher turnover.
According to the report, among employers who expect turnover to increase this year, 29 per cent point to increased workplace demands leading to more vacancies. Another 29 per cent cite a more competitive job market, up from 23 per cent last year.
Retirement was an additional factor, with 26 per cent of those anticipating higher turnover attributing it to employees leaving the workforce. A further 24 per cent reportedly expect to lose staff to better pay and benefits offered elsewhere.
Source: HR Reporter
In Canada, new research has revealed that the cost of employee turnover is on the rise, with nearly one in three hiring managers expecting departures to increase this year, HR Reporter reports.
The findings were based on a survey released by Express Employment Professionals and a separate Job Seeker Report.
They reportedly showed that the average cost of turnover has risen to $30,680 per employee, up from $29,234 a year ago, increasing pressure on organisations already fighting over talent in a tight labour market.
Among companies with 100 or more employees, 37 per cent of hiring managers said they expect turnover to rise in 2026, while only 22 per cent of small businesses with 10 or fewer employees anticipate higher turnover.
According to the report, among employers who expect turnover to increase this year, 29 per cent point to increased workplace demands leading to more vacancies. Another 29 per cent cite a more competitive job market, up from 23 per cent last year.
Retirement was an additional factor, with 26 per cent of those anticipating higher turnover attributing it to employees leaving the workforce. A further 24 per cent reportedly expect to lose staff to better pay and benefits offered elsewhere.
Source: HR Reporter
