3 ms·
TLDR; Losing an employee has cost of 1.5X to 2.1X of his/her annual compensation. A surprise case study here should be Amazon which has turned this wisdom upsi
by sytelus 10y ago
TLDR; Losing an employee has cost of 1.5X to 2.1X of his/her annual compensation.
A surprise case study here should be Amazon which has turned this wisdom upside down on its head. There have been rumors of 40% to as much as 70% churn at Amazon and despite of that company thrives.
- Zigurd 10y agoI have more than one data point about that. Amazon burns people out at a furious pace. It seems like long term survivors strike a balance between not caring and careful career management. People find a way to live in such systems, and until they face a crisis, like attracting people after their explosive growth phase, companies can hold on to bad practices for a long time.
- don_draper 10y agoI don't know how Amazon succeeds if those rates are true. My experience has been that any company with a turnover like that is going to have a ton of tech debt.