Employee Turnover at Globant
Contributions to staff retention at Globant
We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design and engineering meet scale. - We have more than 23,500 employees and we are present in 18 countries working for companies ...
What is "Avoidable" turnover?
Employee retention at Globant very similar compared to other similar companies. While retention is impacted by many factors. A lot of those factors are outside the control of the company. For example, factors like company size, industry, or required skills cannot be easily changed. Globant has an employee retention rate that is comparable to others with the same fixed attributes. Which suggests they may not be able to do much to change how long workers stay with them.
What is driving turnover at Globant?
Employee turnover at Globant is primarily driven by in-demand employee skills and company size. This company is looking for employees who have the skills and abilities that are in high demand by their competitors. Employee turnover is lower at companies that employs skills that are in lower demand. Some of the most in-demand employee skills include: 1. Customer service skills 2. Problem solving skills 3. Leadership skills 4. Technical skills 5. Social skills. Globant is a large company. Smaller companies tend to have a higher employee morale and turnover rates are lower because they are able to provide a better tailored work-life balance for their employees. Furthermore, employees are often given more autonomy and are able to work on projects they are interested in.
The numbers reported here are based on statistical analysis of publicly available employment data of current and past employees of the company. We determine mean tenure based on how long past employees have stayed at the company and how long current employees have been employed. We determine the annual turnover percentage as (1/tenure * 100). We analyse a sample of the employees at a company. We make an effort to sample in a representative way but some bias is unavoidable. Some types of employees may be overrepresented in our sample based on their job, their online activity, and their geographic location. We expect our number to have a confidence interval of approximately 1 year. In other words, if the mean tenure reported is 4 years, the true value lies between 3 and 5 with 98% confidence. Similarly if the average turnover reported is 20% we expect the true value to be between 15% and 25%.
We make an effort to report accurate information and to be transparent regarding our methodology. However, we make no warranty of any kind as to the accuracy of these reports. Use at your own risk. If you feel that any of the information reported here is inaccurate for any reason, please let us know.