How long do people stay at your company?
The length of time that people stay at your company, or tenure rate, is a key metric for identifying the value your business provides its employees, and the quality of your employer value proposition. Do you measure yours? We strongly recommend that you do.
There are broadly three ways of calculating how long employees stay with a company:
Retention rate measures how many employees have stayed at a company during a certain period of time. According to Monster.co.uk, a good figure for this is around 90%, though this tends to vary by industry and discipline.