Employee Turnover at Barclays
Contributions to staff retention at Barclays
Company Age
Company Size
Mean Seniority
Industry
Country
Intrinsic
About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of ...
What is "Avoidable" turnover?
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. In addition, turnover is known to be high in some industries and for some job types. So how much can a company actually do to improve retention? This differs from company to company but we estimate this number. For Barclays, we estimate average tenue could be increased by 165 days with effective retention programs. We base this number on a comparison of Barclays to other similar companies.
What is driving turnover at Barclays?
Employee turnover at Barclays is primarily driven by in-demand employee skills and company size. Barclays has relatively low in-demand employee skills, which may be a reason why the company has a relatively low employee turnover rate. This means that it is less likely to need to replace workers frequently, which can save the company money. Barclays has higher than average company size. Companies with high company size typically have higher employee turnover. This means that it is more difficult to retain good employees, which could lead to decreased productivity and decreased profits.
Methodology
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%.
Disclaimer
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.