The world’s most successful companies prioritize employee retention. They understand that if they don’t keep their staff happy, someone else will.
Keeping staff engaged and connected has become a core strategy that helps direct a company’s long-term growth plans and corporate vision.
So what companies are doing the best job of retaining their best people?
That question inspired this latest study for the research team at resume.io. Using data collected from the LinkedIn pages of the top 100 companies in the U.S., UK, Canada, and Australia, they ranked each business based on its average employee tenure length to see which companies employees don’t want to leave in 2023.
Canadian financial services firm Great-West Lifeco came out on top, with an average employee tenure rate of 10.8 years.
What’s so great about working at Great-West Lifeco?
A look at the firm’s Glassdoor reviews reveals some common themes: good benefits, a supportive work culture, and plenty of opportunities to develop your career.
“Room to grow. Good people. And a flexible schedule,” reads one review.
“Good benefits and lots of chances to grow; I definitely feel like this is the best place to build my career,” wrote another happy employee.
The U.S. energy and utilities firm ConocoPhillips is another company employees don’t want to leave. Or at least not for the first ten years of their tenure.
Bunzl, a British multinational distribution and outsourcing company headquartered in London, also has an average employee tenure rate of 10+ years.
Employees at the Australian construction firm BlueScope Steel don’t stay for quite that long. But with an average tenure rate of 9.7 years, this company still understands the value of keeping staff happy.
The resume.io study also revealed how some big players are struggling with their employee retention rate. Apple, one of the world’s biggest and most innovative companies, has a real people problem.
On average, it can’t hold onto people for more than two years.
In 2022, a group of former employees began posting anonymous stories and experiences of working at Apple. They included accounts of verbal abuse, sexual harassment, retaliation, and discrimination at work.
Current and former employees also spoke out about toxic workplace conditions, unequal pay, and the company’s unethical business practices.
Check out the complete list of the companies staff don’t want to leave in the tables and charts below.
