In this era of globalization, the industries have boomed so much that there is no looking back. And, with this, more and more opportunities are coming on the way for job seekers. Now, they don’t need to be getting their dream jobs, but there are jobs for seekers, which is a good thing. Isn’t it! Leaving and changing corporations have become a recent trend.
And the reason for the same could be many things. Maybe to get themselves in a better place or maybe in a better position. Amidst all this, there are companies that job seekers or workers may say workers do not agree to leave. Are you interested to know about them and their insights? Let’s know about them in a bit detail:
Reason of fluctuation
Before we dive deep and get to know about companies that are doing good, we need to understand why in the first place, workers change their job and jump from one company to another. There could be several reasons for the same.
It could be because of a better pay scale, benefits, flexible work hours, or better work opportunities. One would be surprised to know that, according to the Bureau of Labor Statistics, the median time that a worker is with the company is just four years. However, exceptions do persist. There are quite a few companies that go beyond their retention efforts, and the job fluctuations in the market do not affect them at all.
Survey
To dig deep about the employees who are doing good, the workforce created a Logic q. logic is a provider of artificial intelligence, and it also provides its services to businesses. It created an algorithm to find out which are the companies that are doing good. And which are the companies that have workers that are less likely to quit?
For this purpose, it created a Retention Risk Score with the help of using data points. These data points also included macroeconomic trends, employee churn indicators, Company level social media, and several other factors. All the elements that it takes into consideration in one way or the different effect the workforce volatility.
With the TRR score’s help, it can predict a worker’s mindset, like who is more likely to associate with a particular company for a longer time. It can consider different purposes like specific job titles, geographic location, and unique job opportunities.
According to the data procured out of 100, only 12 companies were able to stand out. All these 12 companies had below-average volatility scores. And, because of this, they had above-average retention rates.
What is right with these high-retention companies
The companies with high retention points that are with the best employee retention rates are called E.I.Du Pont De Numerous and company. These are also popularly known as DuPont in the same language.
It is a company which is specialized in chemicals and established in 1802. The company recently went through a major merger with another company Dow Chemical in the year 2017.
Retention factors
All the companies are ratings with five retention factors, which are listed below;
- Positive environment
- Business stability
- Strong Leadership
- DuPont
- Career growth
Du Pont was able to garner high ranks in company resilience but scored a bit low in career growth and stability. Among all the high retention employers, the most substantial retention factors were company resilience and strong leadership Not just this; according to the algorithm’s data points the American express and Intel scored the highest points.s
The list does not end here. The company that scored the highest in terms of its career growth is Delta Airlines. Yes, this is the same airline that announced to go entirely carbon neutral starting from March 1. It did not stop here. It is also st the goal of hiring twelve thousand new workers through 2020 across different flights, which is fantastic.
Similarly, in October 2019, one of the companies, Bloomberg, reported its effort to attract more than ten thousand pilots in the next ten years. These parts will e offered to cover training costs, catch programs, financial incentives, and loan forgiveness.
Workers are loyal to companies that Invest in Talent.
Although there are specific companies that have high intention rates, and this is not the end. There is something more that catches the eye. We must know that high volatility is not always due to negative events with an employer or an industry. It is not something that we way this is what the chief data scientist and talent economics t Workforcelogic Christy Whitehead thinks.
For example, take the job outlook for workers. We all know that the market for a software engineer is robust. They are also smooth and smart in taking a good hold of the need to increase the compensation and then move up on the corporate ladder.
Not just retention, high volatility rates also suggest that the company is announcing or going through some significant digital transformations. And they do this to increase the business offerings. It is arguably a good chance of improving, which would automatically increase the worker’s TRR score.
Many companies have been with loyal workers for decades now. If not the century, then the youngest employees on the list have seen rapid success. All this has been possible due to technology, thanks to it. The Giant Amazon, which got established in 1994, and also the cisco, the telecommunications company which sets its foot in 1984,
In all these major companies, quite a few things were found similar. They have likely invested in both. Attracting new hires and as well as hiring and nurturing the talent over the years. One of the expressions that have recently started to trend is that “retention is the new recruiting.” It is what again the workforce Logic chief strategy officer joe henna thinks.
Finally, do have a look at 12 of the companies that workers do not want to leave. And this is based on their score, which is determined by WorkforceLogic:
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DuPont
DuPont’s headquarters is in Charlotte, N.c. The total number of employees is around 114,000. The company’s most decisive retention factor is strong leadership, and 23% of its workers are likely to quit.
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Honeywell
Its headquarters are in Washington, Del. total number of employees is around 98,000. The company’s most substantial retention factor is strong resilience, and 23% of its workers are likely to quit.
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Lockheed Martin
Its headquarters are in Bethesda, Md. The total number of employees is around 105,000. The company’s most substantial retention factor is strong leadership, and 25% of its workers are likely to quit.
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Delta
Its headquarters is in Atlanta. The total number of employees is around 114,000. The company’s most substantial retention factor is strong leadership, and 23% of its workers are likely to quit.
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Merck
Its headquarters is in Seattle. The total number of employees is around 88,700. The company’s most substantial retention factor is strong leadership, and 15% of its workers are likely to quit.
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Amazon
The headquarters of Amazon is in Charlotte, N.c. The total number of employees is around 114,000. The most decisive retention factor of the company is strong leadership, and 23% of its workers are likely to quit
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Microsoft
Its headquarter is in Redmond, WA. The total number of employees is around 131,000. The company’s most substantial retention factor is strong leadership, and 43% of its workers are likely to quit.
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Intel
Its headquarters is in Santa Clara, Calif. The total number of employees is around 107,000. The company’s most substantial retention factor is strong leadership, and 25% of its workers are likely to quit.
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Best Buy
Its headquarter is in Richfield, Minn. total number of employees is around 125,000. The company’s most potent retention factor is strong leadership, and 21% of its workers are likely to quit.
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American Express
Its headquarter is in NewYork the total number of employees is around 59,000. The company’s most substantial retention factor is strong leadership, and 30% of its workers are likely to quit.
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Cisco
The total number of employees is around 74,200. The company’s most substantial retention factor is strong leadership, and 34% of its workers are likely to quit.
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The Coca-cola Company
Its headquarters is in Atlanta. The total number of employees is around 62,000. The company’s most substantial retention factor is strong leadership, and 20% of its workers are likely to quit.
