“People just don’t stick around the way they used to.”
How often have you heard that phrase in terms of employee retention goals, usually coupled with statements such as, “There’s just no loyalty anymore”?
For the last 25 years, tenure has been consistently low across nearly all age ranges. The youngest generation in the workplace tends to stay the shortest amount of time—which is not surprising considering where they are in their careers.
Recent data published in The Wall Street Journal show that average tenure across occupations doesn’t even reach five years.
Getting ahead of the situation
The Wall Street Journal article focused on big data analysis for retention, looking at many different predictors to determine who might live so you can intervene.
As the article points out, “The big challenge for employers is what, exactly, to do with the information.”