Job Absence & Turnover Up in Second Quarter

Press release from the issuing company

Wednesday, May 30th, 2012

Job absence rates edged up slightly in the first quarter of 2012 but absenteeism continued to run well below levels recorded before the recession, according to Bloomberg BNA's Job Absence & Turnover Report, a quarterly survey of employers, released today.

Median rates of unscheduled absence (excluding long-term absences and partial days out) averaged 0.7 percent of scheduled worker days through the first three months of this year, up slightly from 0.6 percent in both the previous quarter and the first quarter of 2011. Despite that modest uptick, the first-quarter average is substantially lower than levels observed prior to the economic downturn of 2007-2009 (e.g., 1.5 percent in the first three months of 2006). Job absence plunged to record lows in 2009 and 2011.

The modest overall increase in job absence during the first quarter was far from uniform or consistent across industry, workforce size, or regional classifications. Given the lack of any consistent pattern across sub-sectors and the fact that absenteeism remains well below levels that were common before the recession, it would seem too soon to declare any significant resurgence in job absence.

Employee turnover in early 2012 gave no indication that worker separations will return to pre-recession levels any time soon. After rising modestly in 2010 and holding steady last year, employee departures (other than layoffs and reductions- in-force) in the first three months of this year declined slightly from levels observed in the same quarter of 2011. Median rates of employee turnover averaged just 0.6 percent of the workforce per month during the first quarter of 2012, unchanged from the fourth quarter of 2011, down slightly from 0.7 percent a year ago, and barely above the record-low first-quarter average recorded in 2009 (0.5 percent).

Turnover statistics for the first three months of 2012 provide little indication of any sustained or uniform trend in employee separations. With a few exceptions, first-quarter separation rates across industry, size, and region reflected modest or no change from a year earlier, with slight movement in one sector often counterbalanced by an opposite, moderate change in another. Certainly, the Bloomberg BNA survey offers no evidence that worker separations will soon approach levels observed before the recession.