The rate of employee turnover in the multifamily housing industry nationwide is projected to trend slightly upward for 2011, according to proprietary data provided to CEL & Associates, Inc. by multifamily housing companies representing more than 300,000 units managed and/or owned nationwide. The overall rate of turnover is projected to be 30.1 percent. These percentages are updated periodically as new information and data are obtained.
|
Employee Turnover Rate |
Overall Rate |
Senior Executive |
Regional Executive |
OnSite Manager |
OnSite Leasing |
Onsite Maintenance |
|
2000 |
40.3% |
8.4% |
10.8% |
22.0% |
35.5% |
44.2% |
|
2001 |
38.3% |
7.8% |
9.7% |
19.6% |
31.6% |
41.5% |
|
2002 |
37.0% |
7.4% |
10.4% |
20.3% |
32.5% |
41.0% |
|
2003 |
33.1% |
5.5% |
8.6% |
18.5% |
27.6% |
37.9% |
|
2004 |
31.8% |
5.2% |
9.0% |
19.7% |
28.9% |
38.6% |
|
2005 |
32.1% |
5.2% |
9.1% |
20.2% |
30.3% |
38.4% |
|
2006 |
30.2% |
4.4% |
8.3% |
19.1% |
30.8% |
37.5% |
|
2007 |
30.4% |
4.1% |
8.2% |
20.4% |
29.3% |
35.5% |
|
2008 |
33.4% |
5.2% |
8.9% |
22.1% |
32.4% |
37.5% |
|
2009 |
36.5% |
5.8% |
8.9% |
22.1% |
32.8% |
38.6% |
|
2010 |
28.6% |
4.1% |
6.6% |
18.3% |
27.8% |
33.5% |
|
2011* |
30.1% |
4.7% |
7.2% |
20.4% |
29.7% |
35.1% |
* Projected
Source: CEL & Associates, Inc