Employee Turnover at Innowise Group
Contributions to staff retention at Innowise Group
About Innowise Group
Innowise Group is an international full-cycle software development company bringing wise digital innovations to clients across the globe. Founded in 2007 by a group of passionate IT enthusiasts, Innowise became a multinational business with key delivery centers in Europe, offices worldwide and mo...
What is "Avoidable" turnover?
Employee retention at Innowise 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, Innowise Group seems to be doing better than most of their immediate competitors.
What is driving turnover at Innowise Group?
Employee turnover at Innowise Group is primarily driven by in-demand employee skills and employee seniority. This company has jobs with skills that are in high demand by employers across industries. Employee turnover is lower at companies that employs skills that are in lower demand. This is because such employees are less likely to be poached by competitors and have fewer opportunities to leave for other jobs. The median employee in this company has less experience than the median employee at other companies. Employees who have been with the company for a longer period of time are less likely to leave than employees who have been with the company for a shorter period of time. There are a few possible reasons for this. First, employees who have been with the company for a longer period of time are likely to have developed a sense of loyalty to the company and its employees. Second, employees who have been with the company longer have found a way to contribute to their company in a way they find satisfying.
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.