Geardown: I obviously should have been an accountant but the stats seem to show circa 270 folks leaving every month of which half are PVRs. Snag is only 150 per month are joining. Noting a circa 3 month lag in the stats.
Easy to fix with more intake potentially. Retaining SQEP much harder. Also I should imagine ups and downs in recruiting will cause troughs and peaks (mostly troughs) of SQEP in years to come.