Tech Company Turnover Down in Q2

Tech companies have returned to normal hiring, though the overall turnover rate dropped slightly in this past quarter, according to a survey released July 24 by San Jose, Calif.-based Radford Surveys and Consulting.

The Q2 QSIT (Quarterly Summary of Industry Trends) Survey of technology companies found that turnover at tech companies fell slightly from 12.6 to 12.3 percent in Q2 while overall turnover fell from 20.5 to 19.3 percent.

33 percent of respondents reported that they thought turnover was “somewhat up” from the same time last year.

“The perception of higher voluntary turnover may be due to the fact that companies are anticipating a significant workforce change in the next 12 months,” said John Radford, senior vice president, Radford Surveys and Consulting, in a statement.

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“Globally, nearly half of tech companies in the QSIT predict up to 15 percent employee growth in their global operations in the coming year. Normal to aggressive hiring is being reported at nearly 70 percent of responding companies, with less than 1 percent reporting a hiring freeze. With these statistics in mind, it’s not surprising that respondents would perceive an increase in turnover, even if the results don’t bear them out right now.”

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