As a leader in HR services, Equifax Workforce Solutions understands your business and what matters to you. We're uniquely positioned to build upon our knowledge and unparalleled amount of employment data to provide insight into today's workforce trends, employment laws, and best practices for running your business.

Hiring

Hiring Rate

FACT: HIRING IS SLUGGISH IN THE NORTHEAST, CALIFORNIA AND POCKETS OF THE SOUTH ATLANTIC REGION.

Of the top 10 states with the strongest hiring rates, nine were in the South and West regions. North Dakota from the Midwest region was the only exception, ranking ninth in hiring. Alaska, Oklahoma and Utah continue to lead in hiring.

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Showing: Annual hiring rate by state over the last 4 quarters (Q2 '14 - Q1 '15).

Pay

 
Showing: Average annual pay per employee over the last 4 quarters (Q2 '14 - Q1 '15).

Average Annual Pay

FACT: THE MANUFACTURING AND FINANCIAL INDUSTRIES HAVE THE HIGHEST ANNUAL PAY.

The mix of salary versus hourly workers in an industry influences average pay. The three industries with the highest average annual pay, Manufacturing, Financial and Information, also have a relatively high percentage of salary workers and bonus pay. In contrast, the Retail and Leisure industries which rely primarily on hourly employees, have the lowest average annual pay.

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Turnover

Turnover Reasons

FACT: In the last year, the majority of employees that left their jobs did so willingly.

Although involuntary layoffs continue to be the single largest driver of separations at 21.8%, just over 60% of all separations are actually voluntary. The majority of voluntary separations are spread evenly between new opportunities, personal reasons, quitting without notice and other voluntary reasons.

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Showing: Distribution of separations by reason over the last 4 quarters (Q2 '14 - Q1 '15).