Employee Turnover at iTechArt Group
Contributions to staff retention at iTechArt Group
About iTechArt Group
iTechArt is a top-tier, one-stop custom software development company with a talent pool of 3500+ experienced engineers. We help VC-backed startups and fast-growing tech companies build successful, scalable products that users love.
What is "Avoidable" turnover?
Employee retention at iTechArt 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, iTechArt Group seems to be doing better than most of their immediate competitors.
What is driving turnover at iTechArt Group?
Employee turnover at Itechart Group is primarily driven by in-demand employee skills and employee seniority. This company is searching for employees with certain key skill sets that are in high demand. Companies that require fewer highly sought after skills have lower turnover. These companies are able to attract and retain employees who possess the necessary skills more easily. The employees at this company have been with the company for a shorter period of time than the average employee in the same industry. The employees with less experience and those with less expertise tend to leave a company more frequently. Seniority, in and of itself, is not necessarily a reliable predictor of employee turnover, but it can be one factor that contributes to it. If you want to reduce your employee turnover rate, you'll need to consider a variety of factors, including your employee's profiles, the company culture, and the benefits and rewards your employees receive. Additionally, you'll need to create a workplace environment that is attractive and appealing to current and potential employees.
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.