Which Companies "Win" On
Employee Loyalty Against Competitors?
Good employees are a valuable commodity for any business. Hiring, training and cultivating a top-notch worker is an investment of time and money, so a loyal workforce is a big plus for employers. How do companies in similar lines of business compare when it comes to typical employee tenure? Why do employees stick around at certain companies and jump ship in a split second elsewhere? PayScale ran data from companies on the Fortune 500 list to see how similar companies compare in terms of their employees’ company loyalty.
Many factors can influence an employee's tenure with a company (e.g. age, contract/temporary status, etc.), making it difficult to quantify "employee loyalty." For this report, we do our best to account for as many of those factors as possible, based on the data and sample size available via the PayScale employee survey.