Annual Workforce Management Benchmark Report: 2020 Year-End
Wednesday, January 27, 2021
Workforce Logiq’s exclusive Workforce Management Benchmark Report offers a predictive, annual snapshot of talent volatility across major industries, job functions, metropolitan statistical areas (MSAs), and states.
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2020 key findings include:
- All 50 states showed decreasing workforce volatility in Q4. This overall 24% reduction is a big improvement from the second quarter, when all states spiked in volatility due to the onset of the pandemic.
- Orlando-Kissimmee-Sanford was one of the most improved MSAs, even with major hits to the tourism industry, with a TRR Score℠ 25% below the national average in Q4.
- San Francisco-Oakland-Berkeley holds top spot as the most volatile MSA, despite improving its volatility level by 22% during Q4, the area still holds its spot at 38% above the national average.
- More than 60% of major sector categories ended 2020 with above average workforce volatility. Mining, Quarrying, and Oil and Gas Extraction (64.6) had the highest volatility in Q4, up 8% over Q3.
- Finance jobs were the most volatile employment category in Q4, 90% higher than the national average. HR, marketing, recruiting, and investment jobs rounded out the top five. Teachers (+175%), Doctors (+108%), Administrators (+61%), and Nurses (+27%) had the most significant year-over-year volatility jumps.
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