17/09/2026
Turnover across Australia has fallen to 13.5% - the lowest in three years. ABS job mobility is down to 7.2%.
Two people on your team stayed this year.
One stayed because the work is good, the crew is good, and they can see where they're going.
The other stayed because of a mortgage, and a market that got harder to move in.
On your turnover report, they look identical.
That's the limit of a lagging indicator. It tells you who's still here. It can't tell you why - and it can't tell you what it would take to keep the first one, or re-recruit the second.
As AHRI's Sarah McCann-Bartlett put it: "stability is not the same as job satisfaction."
The awkward part is that a low-turnover year is exactly when the pressure to look closely is lowest. Nothing is visibly broken. The number is good. So the conversation that would surface the difference between those two people doesn't happen.
Which makes now the cheapest time to have it.
If your turnover dropped this year - what else are you looking at to tell you whether that's actually good news?