BambooHR
Workforce Insights
Monthly Report — August 2025
Welcome to the August edition of the BambooHR Workforce Insights report, where we dive into the latest trends shaping the world of employment.
Workforce Insights is powered by aggregated data trends from the millions of admins, managers, and employees who use BambooHR in the US and across the globe.
Turnover in the finance sector spikes while hiring in education is down
Finance sector sees a 73% increase in turnover in August
In August 2025, turnover in the finance sector spiked 73% month over month—a dramatic shift that stands out across all industries. While hiring and job openings showed modest changes, finance organizations faced an outsized wave of change.
Turnover in finance has also increased significantly year-over-year, by 52% compared to August 2024, underscoring that this isn’t just a one-month anomaly but part of a longer upward trend in churn.
Within the past year, finance has experienced some of the highest job cuts of any industry. It’s a clear signal financial organizations are navigating a period of accelerated movement: more roles turning over, more teams in transition, and more pressure on leaders to retain mission-critical talent while backfilling fast.
Hiring in the education sector drops 20% year-over-year
Education had the highest proportion of hires in August, but saw a significant drop in hiring from previous years:
| Month | Hiring Proportion of Total Global Education Employees |
| August 2025 | 4.3% |
| August 2024 | 5.3% |
| August 2023 | 6.6% |
| August 2022 | 8.3% |
That’s a multi-year peak that keeps getting lower—roughly down by half since 2022—and it points to a persistent cooling in education hiring even at the height of the seasonal cycle.
Additional highlights from this month’s report include:
- Hiring, turnover, and job openings ticked up globally since July.
- The US outpaces global hiring and openings, but lags in turnover.
- Turnover rose in every industry except healthcare.
- North America saw significantly higher turnover than other regions.
- Smaller companies continued to show more movement than larger companies and had the highest hiring and turnover proportions.
BambooHR’s platform data, sourced from over 5.01 million employee data points across the world, provides a global perspective on these evolving trends and offers valuable insights for organizations aiming to foster a culture of continuous improvement and engagement.
Hiring, job openings & turnover
Globally, in August 2025, hiring was up 3%, turnover was up 7%, and job openings were up 3% compared to July.
Hiring
- In the US:
- 5% increase in hiring from July 2025 to August 2025.
- 17% decrease in hiring year-over-year from August 2024.
- Globally:
- 2.8% increase in hiring from July 2025 to August 2025.
- 16% decrease in hiring year-over-year from August 2024.
Job Openings
- In the US:
- 4% increase in job openings from July 2025 to August 2025.
- 17% increase in job openings year-over-year from August 2024.
- Globally:
- 3% increase in job openings from July 2025 to August 2025.
- 15% increase in job openings year-over-year from August 2024.
Turnover
- In the US:
- 5% increase in turnover from July 2025 to August 2025.
- 13% decrease in turnover year-over-year from August 2024.
- Globally:
- 7% increase in turnover from July 2025 to August 2025.
- 11% decrease in turnover year-over-year from August 2024.
Month-over-Month (MoM),
Year-over-Year (YoY)
Industry Trends: Hiring, Job Openings & Turnover
- All industries except tech and education saw an increase in job openings from July to August; tech decreased by 1.4% while education stayed the same.
- As is typical for August, the education sector had the highest proportion of new hires at 4%.
- The nonprofit sector had the highest proportion of job openings.
- Finance had the highest proportion of turnover, with a month-over-month increase of 73%.
- Tech had the lowest proportion of hiring, job openings, and turnover among all industries.
- Turnover increased across all industries except healthcare from July to August.
Regional Trends: Hiring, Job Openings & Turnover
- Turnover and hiring in North America far exceed other regions.
- North America had the highest percentage of hires while Middle East/Africa (MEA) had the lowest percentage of hires.
- North America had the highest proportion of turnover and MEA had the lowest.
- Europe had the lowest percentage of job openings in proportion to total employees, followed closely by Latin America (LATAM).
- Turnover increased by 8% in North America from July to August, while decreasing 35% in Europe from July to August.
- Job openings decreased by 22% in LATAM and hiring decreased 20% from July to August.
Company Size Trends: Hiring, Job Openings & Turnover
- Smaller companies had the highest percentage of hires and turnover in proportion to total employees.
- Larger companies had the lowest percentage of job openings in proportion to total employees.
- Turnover decreased for smaller companies by 6% from July to August (MoM) but increased for mid-sized (10%) and large companies (14%).
Methodology
All source data is from the BambooHR® platform, gathered between December 2018 and August 2025, and includes over 5.01 million employee data points across the globe.
The data includes hiring, turnover, and job openings and other data points that have been analyzed in an aggregated, anonymized way to protect the privacy of employees and the integrity of the metrics.
Turnover includes all types of separation of an employee from their company, including voluntary and involuntary separations.
About BambooHR
BambooHR is the leading HR software solution that sets people free to do great work by managing the complex work of supporting employees and succeeding as a business, while giving leaders all the data they need to make informed strategic decisions.
Intuitively designed and easy-to-use benefits administration, payroll, performance, time tracking, and reporting, where everything works together means less focus on process and more focus on growing what matters most—people.
Over the past 15 years, BambooHR has been the trusted partner of HR professionals at 33 thousand companies with employees in over 190 countries and 50 industries, supporting millions of users throughout their employee experience.
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