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It's hard to come up with a universal indicator, because different situations require different cultures. Examples: - Some companies have incubation models -
by mathattack 12y ago
It's hard to come up with a universal indicator, because different situations require different cultures.
Examples:
- Some companies have incubation models - small teams trying new things. If they work, they grow. If not, everyone leaves as things wind down.
- Services heavy firms have higher turnover than pure product companies. (It's hard being a service employee)
- Same with sales heavy cultures.
- If you're a great employer in Des Moines (Iowa) you'll have less turnover than Silicon Valley.
I love metrics, and struggle with this a lot. A couple signs:
- Why do people leave? (Money? To become a teacher?)
- Do you have to pay more than the competition?
- How many of your A players recruit their best friends?
- Do customers want to be employees?
- Do ex-employees want to become customers?
Very hard to benchmark!