The companies employees don't want to leave in 2023
resume.io
resume.io
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 else are you going to go (generally, of course this doesn't apply to everyone equally)? This is especially true in many places where oil and gas jobs are the only working class jobs that pay well.
Edit: other good comment also pointed out that Apple has a huge retail workforce that would definitely bring down the average tenure.
This is certainly the case for a company like Lockheed Martin. I used to live in an insular area where defense contracting was by far the dominant area of employment; although you could hop from one contractor to another you ended up having a very finite career progression because each of these companies were all competing for the same contracts which all had the same rules regarding how much they can pay employees. Staying at one such company for a decade isn't particularly uncommon because all of the others offer practically the same benefits and pay. Although the government periodically updates these rules they haven't kept pace with the market for some time now. Such downward pressure on wages combined with:
- a conservative technical vision that keeps worker skill sets 5-10 years behind industry
- long production timelines owing to slow, broken security and procurement processes (which are merely replicated in a new form every time somebody tries to introduce a streamlined alternative)
- promotions based on seniority and credentials instead of technical acumen and impact (since this is how the government attempts to objectively measure employee value)
- lack of technical rigor in interview processes (because contractors are incentivized to hire anybody remotely capable due to cost-plus-fixed-fee contracts, i.e. the "bodies in seats" mentality)
...results in employee stagnation and the phenomenon that you see in the article. I don't imagine that it's terribly different for large, entrenched interests like oil and freight companies. These are, after all, mature organizations with workforces many orders of magnitude larger than Dunbar's number with a dizzying number of orthogonal incentive structures spread across layers upon layers of middle management. Avoiding these types of issues at scale is obviously difficult - it's just a fact of life.
The metric they're using (average tenure) is not useful for comparing employee retention across companies. E.g. a company that's growing will automatically have a lower average tenure than one that's not growing.
Now, it's understandable why they're using an inappropriate metric. It's the only thing they can even remotely reliably derive from their data set of scraped Linkedin profiles. But when your data is bad, the right thing to do is to just not do the study. Not to write a content marketinb blog post that's so blatantly incorrect that it has to be intentionally dishonest.
I don't think even that is true.
They could do a better metric like "Among the employees that were employed by company X ten years ago, what percentage are still employed there?"
This also solves the "average tenure at a growing company" problem.
> Methodology & sources
To find out which companies employees don't want to leave in 2023, we analyzed the LinkedIn pages of the top 100 companies in the UK, U.S., Canada and Australia and compared them to see which businesses have the highest average tenure.
First, we collected the top 100 companies by market cap using CompaniesMarketCap.com for the UK, U.S., Canada and Australia. Then we analyzed each company's LinkedIn page and collected the median tenure when available, ranking each business based on its average tenure.
The data of this analysis is correct as of June 2023
ETA: Sort of analogous to Amazon’s warehouse workforce.
I couldn’t find it in the source, but I assume they’re only counting people who _have_ left these companies? Otherwise growing companies with a higher percentage of newer employees would be heavily penalized.
Re: Apple, I have a similar but less extreme impression of their engineering org.. but don't know anyone there/from there.
Notice for example MSFT doesn't show up as a high churn shop.
Looking at this list I had the same thought a couple of times: maybe "long time employees don't want to leave" is not necessarily the sign of a wholesome company where everyone is happy and content.
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.
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.
Maybe the short short average tenure time is because of the retail employees.
Are they including retail and warehouse employees in the numbers?