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The City of Minot has drastically reduced its employee turnover rate in the past two years, cutting the rate nearly in half.
City Manager Tom Barry reported the following statistics to the City Council on Dec. 2:
End of 2017: Turnover rate 14.8 percent, 17 open positions.
End of 2018: Turnover rate 12.56 percent, 9 open positions.
End of 2019: Turnover rate 7.67 percent, 5 open positions.
The cumulative reduction in employee turnover rate in less than two years is 7.2 percent, saving $1.5 million in turnover costs.
Changes made since 2017 through a comprehensive workforce improvement plan include a tuition reimbursement program, increased vacation and sick day accrual rates, increase vacation rollover, improved the City’s health care contribution, and offered NDPERS as a retirement benefit. The changes impacted the City budget by approximately $567,837.
City staff estimated that reducing the employee turnover rate by 2 percent would save enough money in turnover-related costs to cover the costs of the changes.