Employee Turnover at Promodo
Contributions to staff retention at Promodo
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What is "Avoidable" turnover?
Employee retention at Promodo 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, Promodo seems to be doing better than most of their immediate competitors.
What is driving turnover at Promodo?
Employee turnover at Promodo is primarily driven by company size and in-demand employee skills. Promodo is small compared to other companies in its industry. A company with low employee turnover is more likely to have a loyal, consistent workforce. This is in contrast to a company with high employee turnover, which can be more difficult to manage and can lead to a loss of skilled workers. 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. Some of the most in-demand employee skills include: 1. Customer service skills 2. Problem solving skills 3. Leadership skills 4. Technical skills 5. Social skills.
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.