High hiring rate
Low retention
Rotating
Expanding
Decreasing
Holding
High retention
Low hiring rate
High hiring rate
Career
development
Low retention
Rotating
Expanding
Decreasing
Holding
High retention
Low hiring rate
01—07
One significant factor that impacts an employee’s experience is how quickly the people around them leave the company.
This leads to a vicious cycle where increased workloads fuel burnout, driving employees to leave and further increasing workloads.
02—07
Unsurprisingly, employees at low-retention companies, who see their peers leaving, are more (+6% points) overstressed than employees at high-retention companies.
As a result, these employees are also less likely (-6% points) to see themselves sticking around, as attrition creates more attrition.
03—07
The other major factor that influences your employee experience is how quickly people are joining the company.
Current employees need to spend time and energy onboarding new hires, who are expected to ramp up rapidly. The influx of new members can also disrupt the status quo, as new employees bring new ideas and ways of doing things.
04—07
Interestingly, employees at high-hiring companies have a positive outlook despite the struggle to maintain a healthy work-life balance.
Compared to employees at low-hiring companies, these employees feel more motivated (+7% points) and are more likely to believe the company will succeed (+8% points) – even if 1 in 2 say they rarely finish everything they need to in a given workday.
05—07
So, why are these employees motivated to put in the extra time?
These employees believe that working hard will be good for their career. The data supports this, as development is the second most influential driver of engagement at high-hiring companies.
This is in contrast to employees at low-hiring companies, where the top driver of engagement is the psychological safety that comes from knowing and working with the same coworkers for many years.
06—07
While retention and hiring have distinct impacts on the employee experience, four unique company directions are revealed when we look at the intersection of these two factors.
07—07
Despite the differences, some findings are true for all company types.
The top reason employees say they join a company – development – is also the top reason they ultimately leave a company. While many companies “sell” employees the dream of career growth, few actually deliver on that promise.