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The companies employees don't want to leave in 2023

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11–20 of 42 posts

Re: The companies employees don't want to leave in 2023

#11

While I think the data is good, the conclusion of "don't want" is downright silly to me, because if you look at all the top contenders, "don't have any better options" seems like a better interpretation to me. If you work at Apple (company with the shortest tenure), then you likely have tons of other options, and can job hop your way into higher and higher comp. If you work for one of the giant oil companies, where e…

Yeah, this is simply a chart of worker mobility. I think you nailed that one.

Re: The companies employees don't want to leave in 2023

#14

Apple being the least tenured certainly breaks the notion that companies with better public images do better at retaining employees.

I think it's generally the opposite, and the rankings kind of validate my general model of companies.

There's a continuum of "good/bad" to customers & "good/bad" to employees, and companies are rarely good to both.

Some of the most popular consumer facing brands are terrible places to work. One cynical reason may be that they know there is an unlimited supply of bushy tailed workers ready to replace you once they exhaust your will to live. Another less cynical reason might be that to create the best products requires the hardest work, most competition, and generally it burns people out.

It's worth going into the interview process understanding the risk/reward profile. Some companies are high stress & turnover, but at least pay you for the hazard. Others not so much.

Re: The companies employees don't want to leave in 2023

#16

Apple being the least tenured certainly breaks the notion that companies with better public images do better at retaining employees.

Yes but something fishy about methodology. Wells Fargo & Comcast on the list for high retention?

Maybe old school companies attract old school employees who exhibit old school retention perhaps?

Whereas the hottest companies attract employees who are more career and development focused who are more likely to switch every few years?

Just guesses though.

Re: The companies employees don't want to leave in 2023

#18
post #3

I don't think it's entirely fair to conclude that because someone doesn't leave a company, they don't want to leave. If ConocoPhillips is the only employer in a small town or the only one paying above minimum wage and you have a family to support, you might not have a financially responsible option to leave if you work for them. It is useful to see median tenure data by company and industry, however.

It's a bit philosophical, but generally most people want to leave their current employer. That is evidenced by how most people take retirement as soon as they can, instead of staying on the job even after they could retire. This shows that people who don't leave their jobs, stay only because there's currently nothing better for them out there - it doesn't matter if they live in small town with a ConocoPhillips factory, or in the middle of NYC.

Re: The companies employees don't want to leave in 2023

#19

Apple being the least tenured certainly breaks the notion that companies with better public images do better at retaining employees.

Yeah, it was strange seeing Apple have shorter average retention than Amazon. Maybe Apple is just much much better about keeping employees from publicly complaining.

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Re: The companies employees don't want to leave in 2023

#20

Apple being the least tenured certainly breaks the notion that companies with better public images do better at retaining employees.

Anecdotally, very few people left during my tenure there. I stayed for over 5yrs myself, and I met several people who had been there for 10+ years.

Maybe the short short average tenure time is because of the retail employees.

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