Employee Turnover at Oracle
Contributions to staff retention at Oracle
We’re a cloud technology company that provides organizations around the world with computing infrastructure and software to help them innovate, unlock efficiencies and become more effective. We also created the world’s first – and only – autonomous database to help organize and secure our custome...
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 Oracle, we estimate average tenue could be increased by 132 days with effective retention programs. We base this number on a comparison of Oracle to other similar companies.
What is driving turnover at Oracle?
Employee turnover at Oracle is primarily driven by employee seniority and in-demand employee skills. The average employee at Oracle has more years of experience most of the other employees 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. The type of skills employed by Oracle are not in high demand in the market place. 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 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.