Almost four out of ten companies increase their level of labor turnover, especially those in the hospitality industry

MADRID, 14 Nov.

Almost four out of ten companies increase their level of labor turnover, especially those in the hospitality industry


Almost four out of ten companies, specifically 38.5%, have experienced increases in their levels of labor turnover in the last year, while only 6.5% have reduced them, mainly due to the "internalization" of the workforce after the entry into force of the labor reform (42.7%), the greater flexibility (23.5%) or the improvement of the work environment (19.9%), according to a Randstad study among 4,800 companies from all the activity sectors.

The human resources group points out in this study that the increase in labor turnover among almost four out of ten companies is due to the change in pattern that has taken place after the pandemic.

Thus, among the causes that cause the increase in turnover, the greatest number of job opportunities that exist in other companies for workers stands out (77.2%), followed by the risk of working in a certain sector as a result of the pandemic and forced closures (31%).

To a lesser extent, there is the impossibility of meeting the demands of workers by employers, both wage demands (24.1%) and those focused on improving flexibility conditions such as teleworking (23.3%).

Even taking these data into account, Randstad stresses that more than half of the companies (55%) have maintained "approximately stable" turnover levels over the last year, mainly due to the absence of changes in the conditions labor within the company, but also in those of the competition.

According to Randstad, the average annual turnover of Spanish companies stood at 17% in 2022, although this figure varies greatly depending on the region, with a range that widely exceeds ten points between the autonomous communities with the highest and lowest turnover levels. .

These differences between regions respond, according to the study, to sectoral factors and others linked to the different dynamism of employment flows. The highest levels of job rotation are found in Andalusia (23.7%), Navarra (23.2%) and Murcia (22.7%).

Next are Castilla-La Mancha (21.1%), the Balearic Islands (20.3%), Galicia (18.8%), Castilla y León (18.7%), Cantabria (18.4%), Extremadura (18%) and La Rioja (17.8%).

With rates below 17% of the national average appear Catalonia (16%), Madrid (15.6%), Asturias (15.2%) and Aragon (14.3%), while the lowest rates of labor turnover they correspond to the Canary Islands (13.6%), the Valencian Community (11.7%) and the Basque Country (9.1%).

The report shows that labor turnover is not evolving homogeneously by sector, as there are "great disparities" between them, depending, among other factors, on their level of exposure to the economic and labor crisis generated by the pandemic.

Thus, in the case of the hotel industry, one of the sectors most affected by the Covid crisis, almost two out of three companies (63.7%) have seen their labor turnover increase in the last year.

At the other extreme are activities that have either become a host sector for professionals from the most affected sectors, such as construction, or have stood out as attractive sectors in recent years, such as the case of the information and the comunications. In both cases, less than 30% of companies in both sectors have seen turnover grow in the last year.

Close to these two sectors is commerce, in which only 31.2% of companies have seen labor turnover increase during the last twelve months, according to Randstad.

Within the 'top 15' of economic activities with the highest labor turnover, the report includes the leather and footwear industry; the manufacture of clothing; the wood industry; the food industry and beverage manufacturing; food and beverage services; Accommodation Services; Marine transport; other personal services; games of chance, and advertising and market research.

In relation to the expectations of companies about how labor turnover will evolve in the coming year, a quarter of them (25.1%) expect their turnover levels to grow, while only 8.7% expect decreases.

"The general trend is towards growth in the global turnover figure in the coming year," says Randstad. However, almost two thirds of the companies (66.2%) believe that their current turnover levels will remain relatively stable in the next twelve months.