SEC Saw Its Highest Attrition Rate in a Decade This Year

The SEC saw its highest attrition rate in a decade this year, according to an annual report from the inspector general’s office. The commission’s attrition rate jumped to 6.4% in fiscal year 2022, up from 3.8% in fiscal year 2020, according to the report. The attrition rate for senior officers was even higher, 20.8% this year, which the report deemed "most concerning". The attrition rate for attorney positions was also relatively high at 8.4%.

"The SEC is not alone in facing a crisis to retain mission-critical talent during what has been dubbed 'The Great Resignation' ", wrote Acting SEC Inspector General Nicholas Padilla, Jr. "Critical elements of the federal workforce are in a state of stress."