Employee Turnover at GeeksForLess Inc.
Contributions to staff retention at GeeksForLess Inc.
About GeeksForLess Inc.
GeeksForLess is a Software Development, Staff Augmentation, and BPO company with offices in Toronto, Canada; Ukraine (Mykolayiv, Kyiv, and Lviv); European Union (Krakow, Poland), BPO center in the Philippines (Clark), and headquarters in Nassau, Bahamas. GeeksForLess Inc. was founded in 2003 as ...
What is "Avoidable" turnover?
Employee retention at GeeksForLess Inc. is unusually high compared to other similar companies. Employee turnover is normal. Employees come and go for many reasons, including personal reasons and reasons that have nothing to do with a specific company. That being said, GeeksForLess Inc. seems to be doing better than most of their immediate competitors.
What is driving turnover at GeeksForLess Inc.?
Employee turnover at Geeksforless Inc. is primarily driven by in-demand employee skills and company size. The typical skills and experience employed at GeeksForLess Inc. are not in high demand compared to the available supply of talent. In general, to increase employee retention, companies should focus on improving the skills of their in-demand employee groups. Areas where employees may need improvement include: leadership critical thinking problem solving communication developing relationships perspective taking creativity emotional intelligence. GeeksForLess Inc. may have a smaller number of employees or be a smaller company than average. Employee turnover at smaller companies tends to be a bit lower after accounting for other factors that affect turnover. This can be in part due to smaller companies being able to offer more growth opportunities. It could also be due to large organizations hiring more junior and graduate-level workers that typically stay with a company for shorter durations.
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.