Employee Turnover at IBA Group
Contributions to staff retention at IBA Group
About IBA Group
IBA Group is one of the largest IT service providers in Eastern Europe, performing software development, migration, maintenance, support, and IT consulting services with 3,000 IT and business professionals. Headquartered in Prague, Czech Republic, IBA Group has offices and development centers i...
What is "Avoidable" turnover?
Employee retention at IBA Group 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, IBA Group seems to be doing better than most of their immediate competitors.
What is driving turnover at IBA Group?
Employee turnover at Iba Group is primarily driven by employee seniority and company size. The employees at this company have been with the company for a shorter period of time than the average employee in the same industry. Employees who have worked at a company for longer periods of time are less likely to leave than new employees. It's important to know what factors contribute to employee turnover. The following are some of the most common causes of employee turnover: lack of job satisfaction, inability to advance in the organization, incompetence at work, low pay, or un-challenging work. IBA Group may have a smaller number of employees or be a smaller company than average. 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.