Work flexibility has also continued to be a very high priority for candidates, and could be a key lever in reducing turnover. Your top performers, future leaders, and critical workforce segments increase operational performance, drive value creation, and to put it plainly can succeed anywhere. Terms & Conditions. 1. Mr Rumbens said these elements along with the RBA reaching its high point in interest rates would see real retail turnover increase 1.9 per cent in 2024. However, the consulting industry, represented by its flagship companies PWC, EY, KPMG and Deloitte, is facing a major turnover problem during recent years with annual rates between 15 and 20 per cent (Batchelor, 2011; Topconsultant.com, 2005). Powered and implemented by Interactive Data Managed Solutions. Co-authored byGreg Lewis . Chart 1: Quit level in thousands of employees, total nonfarm, seasonally adjusted vs. unemployment rate, seasonally adjusted, Data Source: Bureau of Labor Statistics, St. Louis Federal Reserve Economic Data3, Chart 2: Quit level in thousands of employees, total nonfarm, seasonally adjusted vs. Conference Board Consumer Confidence Index, Data Source: Bureau of Labor Statisics, Polling Report4, These two trends suggest that, while voluntary turnover is low throughout economic downturns, organizations should expect a spike in voluntary turnover once the economy recovers.5. Betterment or Wealthfront? See something interesting? A screenshot of a LinkedIn post by an ex-Deloitte employee made its way to our inbox this morning: . Seems they are giving very low or no hikes, no promotions. Additionally, those who remained had strong feelings of resentment and a lack of trust toward management; they felt they should be compensated for their hard work throughout the downturn. The hands-on guy gets overwhelmed, and others try to use him/her as a key resource. Retail, staffing agencies, hospitality and fast food have the highest employee turnover rates, according to the Small Business Chronicle. If voluntary turnover increases after an economic downturn, then companies have to bear the costs to recruit, train and attract new employees to replace those who have left. Along with burnout, the article also suggests stagnating compensation as a reason many people are leaving. Some studies 4 predict that every time a business replaces a salaried employee, it costs 6 to 9 months' salary on average. In the year ahead, forward-looking companies will adopt a think-digital-to-be-digital mindset and consider . Four people helped this past month!1 Deloitte Dallas -> Bain Boston2 Nutritionist -> boot camp -> UI/UX 3 Deloitte Seoul -> Interviews at McKinsey and BCG4 Schlumberger -> SlalomLet me know how I can be of help! And those opportunities may be plentiful, given that numerous companies are permanently shifting to hybrid work . Seems like a perfect way to test the waters with the startup life, without having to actually live the startup life. Lets crowdsource how to be happier. But that is only one reason for the expected turnover. How many hours per week do you all usually work? Our marketing team has just released "Salary Guide 2023" which allows you to access the information below: High employee turnover rate despite unprecedented Yoshiya Akamatsu LinkedIn: Salary Report 2023 | Michael Page The distinction often rests on that employers intention whether to fill the vacancy or eliminate it altogether. 2009. http://www.pollingreport.com/consumer.htm, Hoyt Bleakley, Ann E. Ferris, and Jeffrey C. Fuhrer, New Data on Worker Flows During Business Cycles,, Donald P. Moynihan and Sanjay K. Pandey, The Ties that Bind: Social Networks, Person-Organization Value Fit, and Turnover Intention,, Magnus Sverke, Johnny Hellgren, and Katharina Nswall, No security: A meta-analysis and review of job insecurity and its consequences,, Eric G. Lambert, Nancy Lynne Hogan, and Shannon M. Barton, The impact of job satisfaction on turnover intent: a test of a structural measurement model using a national sample of workers,, Rodger W. Griffeth, Peter W. Hom, and Stefan Gaertner, A Meta-Analysis of Antecedents and Correlates of Employee Turnover: Update, Moderator Tests, and Research Implications for the Next Millennium,, Jason D. Shaw, Nina Gupta, and John E. Delery, Alternative Conceptualizations of the Relationship between Voluntary Turnover and Organizational Performance,, Stacy Collett, Surviving the Big Chill,, John L. Cotton and Jeffrey M. Tuttle, A Meta-Analysis and Review with Implications for Research,, Robin Adair Erickson and Michael E. Roloff, Reducing attrition after downsizing: Analyzing the effects of organizational support, supervisor support, and gender on organizational commitment,, Tammy D. Allen, Deena M. Freeman, Joyce E. A. Russell, Richard C. Reizenstein and Joseph O. Rentz, Survivor reactions to organizational downsizing: Does time ease the pain?,, Joel Brockner, Phyllis A. Siegel, Joseph P. Daly, Tom Tyler, and Christopher Martin, When Trust Matters: The Moderating Effect of Outcome Favorability,, Steve Lohr, Piecemeal Layoffs Avoid Warning Laws,, Bronwyn Fryer, Laurence J. Stybel, Maryanne Peabody, Jurgen Dormann, and Robert I. Sutton, The Layoff,, Gretchen M. Spreitzer and Aneil K. Mishra, To Stay or to Go: Voluntary Survivor Turnover following an Organizational Downsizing,. Instead of being able to take advantage of the economic recovery, you may find yourself on the defensive as talent walks out the door. Paul Rovere. To be a Risk Advisory professional with Deloitte & Touche Middle East means you will gain a wealth of experience across a wide spectrum of industries. If you pay attention, you will get seasoned very quickly. However, once the economy picks up, new alternative employment opportunities in the economy will ease the way for employees to begin leaving your company. For instance, small and midsized businesses (SMBs) have a turnover rate of 12.0% significantly . I am Cloud Engineer and looking for list of good companies working in Cloud/ Devops space. A company with an employee turnover rate of zero and the same employees year after year would quickly stagnate and fail. A lot of times, being young and inexperienced has it's flaws. The turnover rate is 10 times higher for employees leaving within the first year. 2 It's hardly a surprise, then, that nearly every incoming finance chief who goes through Deloitte's CFO . Trying desperately to complete the work of 10 people led to endless long days and nights, causing the employee to resent the company and to leave as soon as the opportunity presented itself. 6 In our baseline scenario (55% probability), we forecast GDP growth to slow to 0.9% in 2023 from an estimated 2% in 2022 and 5.9% in 2021. Employee Turnover Statistics. Deloitte, PricewaterhouseCoopers (PwC), Ernst and Young (EY), and KPMG together audit the majority of publicly traded companies . Please, need some answers. The disparities get even wider when we look at industries. Deloitte. General thoughts on West Monroe Life Science Practice. As an analysis from the Federal Reserve Economic Data (FRED) demonstrates, low turnover in government jobs is nothing new at least in the United States. Still, employees appreciate the work culture: Everyone is given chances to improve themselves, one staffer notes. Whether your employees are consultants, engineers, or frontline workers, they may be eager to improve their compensation and theres a growing sense that jumping ship is the best way to do that. That is what a former Deloitte employee is telling me Book recommendations?! Calculating retention, turnover and internal mobility rates . There is intense competition, especially during targeted promotion/milestone years. Other than using the right points card? IMPORTANT: Make sure you thoroughly read through your employment agreement and understand the implications. Yea , definitely jump from capco. However, they learned the hard way that their organizations culture was not tolerant of pay cuts. Deloitte remains the largest partnership (900 partners at the start . Bill Chafetz, Robin Adair Erickson, Josh Ensell, Examining the rise in voluntary turnover during economic recoveries, A turnover intention is an employees conscious and deliberate willfulness to leave the organization within a certain time interval, e.g., the next six months (Tett and Meyer, 1993). Today, we take another look at turnover rates, this time through the prism of the company itself. Additionally, if such a cut were to occur, survivors on the R&D team could view layoffs as unpredictable, causing an increase in job insecurity, anxiety and turnover intentions among the critical workers. These issues build on repeated complaints in the past two years that junior auditors are not adequately supervised and that crippling work deadlines make them prone to mistakes. In 2013 they reported an annual revenue of $23.42 billion, and a growth rate of 1.4%. The Conference Boards Consumer Confidence Index measures public confidence in the economy by asking respondents to answer five questions evaluating their view of current business conditions and job availability and their view of future job availability, business conditions and income. by Paul Silverglate, partner . Deloitte's new report "Oil and Gas M&A Outlook 2023: Pivoting for Change" examines the shift in the industry and the strategic pivots that are expected to shape the future. During the 2001 downturn, the 107 partners of DiamondCluster Consulting unanimously agreed to take a 10 percent pay cut to avoid layoffs. KPMG - Another Great Place to Work Thank you . For example, a consumer products company, which relied on its culture of knowledge sharing to spur innovation, found itself continuously laying off a few workers here and there until, over a period of years, layoffs were a way of life. Government organizations saw the least amount of turnover, with a rate of just 8.4% compared with the overall average of 10.6%. Offers may be subject to change without notice. They set high standards, and consistently deliver. In our research, In Xactly's survey of over 400 sales leaders, we found that sales organizations experienced a 58% higher employee turnover rate in 2021 than in the 12 months . All rights reserved. Some policies target staffing issues, which Deloitte had blamed for its poor ASIC audit review results. See whats happening in your industry from the palm of your hand. But unfortunately this turns out not to be the whole story. Interestingly, many of the other industries with below-average turnover namely construction, transportation, and manufacturing also rely on in-person talent, just as many high-turnover industries did. It's important to note that not all voluntary turnover is . Deloitte is a professional services firm offering audit, advisory, tax, and consulting services across more than 20 industries. Once, I volunteered for an event where we painted rooms for an orphanage center. In this case, if your assigned project gets into a problem, you are exposed to the risk of employment termination. Data insights Partner retirements in the past two financial years posed challenges to audit quality, the meeting heard, as well as fatigue and attrition issues already flagged. Who else is looking forward to fall, beautiful colors, bonus payouts, and saying goodbye to PwC? Deloitte employees rate the overall . One vital factor for an inclusive workplace is flexible working. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. Before you cut your employees, analyze their tasks and be prepared to cut their low value-add activities. In a 2009 Deloitte* survey, 326 global executives were asked how they anticipated their organizations focus on reducing costs and employee headcount would change over the next 12 months. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. I worked in the IT consulting division.They tend to get top-end projects. Does self employment job like Door dash and Uber Delivery deduct tax $$ for Social security and Medicaid benefits and is that distributed to SSN benefits during retirement? . Were experiencing delivery issues to that domain. As the economy languishes, workers have reduced alternative employment opportunities. Employees in manufacturing, maintenance, service, and trade account for 28.4% of the total turnover. When the economy is strong, unemployment decreases as firms hire more employees to create the output needed to meet rising demand. Fast forward to smoother seas after the current economic storm: your company has survived. Four accounting firms, Deloitte, EY, KPMG, and PricewaterhouseCoopers. Grant Thornton India LLP. Unemployment numbers data from the Current Population Survey and were accessed using the St. Louis Federal Reserves Economic Data which can be accessed here (https://research.stlouisfed.org/fred2/ ). It is a good job? For that reason, we use turnover and attrition interchangeably in this analysis. (Deloitte) The millennial segment of the population largely contributes to a low employment retention rate. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the U.S., remote jobs attract over 50% of applications on LinkedIn, despite representing less than 20% of all paid job posts a clear sign that many candidates and employees are looking for flexible work arrangements, whether at their current company or at a new employer. Employee retention. 3. and Im now booking all my own flights/hotels for my team on my own dime, then submitting for reimbursement. Salary information comes from 1,350 data points collected directly from . To show that leadership is dedicated to organizational success and is willing to share the economic burden with their employees, leaders should consider a symbolic act of dedication. It also presents a great opportunity for youngsters to take event organizing responsibilities. On projects, the average age seems pretty low. Great Place to start your career - Carefully read the cons. 1 Chart 1 shows that as unemployment goes down, voluntary turnover goes up (and vice versa), which im-plies that voluntary turnover will most likely increase once the economy recovers. Download the Fishbowl app to unlock all discussions on Fishbowl. Reducing this by just 20%, for example . Despite the low turnover rates, some governments have taken concrete steps to retain employees and reduce burnout public workers in Belgium, for example, now have a legal right not to answer work emails after hours. Spoiler alert, I already do, but it would be nice if it was enough that they knew my name. Optimize candidate sourcing. unemployment rate's relationship with voluntary turnover shows how voluntary turnover will change as the economy seesaws back and forth. For an employee making $60,000 a year, that's $30,000 to $45,000 in recruiting and training expenses. We consider professionals as leaving their position if they provide an end date for their position at a company (excluding internal job changes within the same company). o Oversees the Center staff training activities, which includes developing, coordinating and administering the Center Staff Training Plan. This causes additional new responsibilities to be thrust upon survivors who are expected to pick up the slack for their downsized colleagues. The fear and anxiety reduced organizational productivity as employees spent their time talking and worrying about the impending layoffs. At a big 4 less than 1% of people joining have a shot at becoming partner. However, a key difference may be that these industries pay significantly more. While this is an isolated example, we often see organizations, in their rush to reduce costs, cut people without focusing on how layoffs will affect their remaining employees. But there are several mistakes that organizations make that decrease job satisfaction and increase turnover intentions. We used our usual smoothing formula that we apply to Talent Intelligence insights of this sort. Are there tips or perk programs for spending all this $$$? Date range from April 2020 until March 2021. Apr 2018 - Mar 20202 years. 4. Here are three things to consider as you establish turnover and retention rate guidelines for your organization: 1. Employees are a company's greatest asset and competitive advantage (Derivan, 2016). The right insights can help you mitigate those problems, improve retention, and attract more of the talent you need. In this situation, you are also weakening your company because you are losing your best employees to keep your worst. Ive done research but would like fishbowls thoughts. A real increase in average wages, population growth returning to near pre-pandemic rates and more tourists as China reopened were all factors influencing a positive outlook into 2024. To stay logged in, change your functional cookie settings. Deloitte Operations Associate in Stamford makes about $28.64 per hour. It seems counterintuitive employees are not running for the exits in a downturn but organizations should be careful not to alienate employees during a downturn because of the tangible and intangible costs associated with losing talent once the economy recovers. I am Principal in one of the top consulting firms, promoted on fast track basis, so have not been lazy and doing good at work. More than half of employees surveyed in North America plan to look for a new job in 2021, according to a new report, while separate research shows that a quarter of workers plan to quit their jobs . Such actions can prevent employees from resenting management and feeling as if they have been treated unfairly throughout the downturn. The top level management folks are extremely smart and have a great sense of vision and planning. Deloitte Job Seekers Also Viewed. Diversity is not just a part of the business landscape in the region but also an integral part of Deloitte & Touche Middle East. Learn how LinkedIn can help at every stage of the hiring process. Leadership realized early on that the system would lead to a reduction of one-third of their workforce, and they knew which employee roles would not be required in a year. The average Deloitte monthly salary ranges from approximately $7,607 per month for Recruiter to $12,417 per month for Manager. No messing about. 3.9 . At a life sciences company, management refused to announce a downsizing until the day that it occurred because they feared that an earlier announcement would cause people to stop working and begin looking for new jobs. If you spend $25k per person on hiring, $10k per person on development, and lose $50k of productivity when refilling a role, then your annual cost of turnover would be about $1.57 million. Without taking steps to capture this knowledge before it leaves, the organization must decide whether to bring back laid-off employees at higher wages or risk losing customers and productivity as someone new adapts to the job. Recently, LinkedIn shared how turnover rates vary across different functions, revealing, for example, that people in HR roles had the highest turnover rates (14.6%), while folks in administration had the lowest (7.8%). Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice| Do Not Sell/Share My Personal Information| Ad Choices Its the difference between constantly reacting and proactively planning. In 2000, a technology company had 10 HR coordinators spread throughout the country managing their 650 interns. They have a big social responsibility program that encourages volunteering. 7 A relatively . ), along with any positions that start and end on the same date. Today, we take another look at turnover rates, this time through the prism of the company itself. What is the salary expectation for a CIB Treasury Control - Senior Associate. I want to hold on to this job as long as possible. Reasons listed at Mondays Deloitte meeting for the firms decline in audit quality included tired staff and high turnover, and issues with systems and data collation. Too high attrition rate. And no, I'm not talking about food I went from 167 at my highest down to 142ish and got an LV purse to reward myself went to the mail room after the gym today and I was stoked haha. Overall, a great place to start your professional career. Creating trust between you and your employees can also help prevent a rise in turnover intentions as trust may help keep employees supportive of their organization, even when the organizations decisions are unfavorable.22. Employee Tenure. Tanner) . The constant cuts caused knowledge hoarding to become the new norm. Replacing lost employees quickly becomes expensive. The commission found Deloitte did not do enough work on 29.4 per cent of the key audit areas it reviewed in 2021, while KPMG fell short in 29.6 per cent of cases, PwC in 25 per cent and EY in 6.7 per cent. Have a job offer for 105 and I dont know if thats enough. (Deloitte, 2020) Among the reasons for quitting, career development is the most common for employees that leave within their first 90 days in a company. Seems they are giving very low or no hikes, no promotions. A single big layoff is tough on everyone but does a lot less damage than seemingly endless rounds of unpredictable cuts, writes Robert Sutton, Stanford professor of management science and engineering.24 By cutting once, you can put the layoff behind you and focus your efforts on improving the morale and reducing the anxiety and insecurity of your remaining employees. For this reason, it's possible to have high employee turnover rates and still have a growing company. How to calculate employee attrition rate. Such a cut is bad business; You are essentially shooting the goose that lays the golden eggs to keep around the one that lays nothing. Way that their organizations culture was not tolerant of pay cuts and planning in 2013 they reported an revenue! Now booking all my own dime, then submitting for reimbursement like a perfect way to inbox! Whats happening in your industry from the palm of your hand the same.! Consulting services across more than 20 industries coordinating and administering the Center staff training activities, which Deloitte blamed... Are a company with an employee turnover rates and still have a shot at partner... Thoroughly read through your employment agreement and understand the implications pay attention, you exposed. Compensation as a key difference may be that these industries pay significantly more its way to test the with. I already do, but it would be nice if it was enough that they knew my.. And could be a key lever in reducing turnover needed to meet rising demand do you usually. Stay logged in, change your functional cookie settings saying goodbye to PwC tips or perk programs spending... All this $ $ $ $ $ partners of DiamondCluster consulting unanimously to... Organizations Make that decrease job satisfaction and increase turnover intentions how many hours per week do you all usually?!, unemployment decreases as firms hire more employees to keep your worst young and inexperienced has it 's flaws first. To our inbox this morning: lot of times, being young inexperienced! Is only one reason for the expected turnover ex-Deloitte employee made its way to test the waters with the life... It consulting division.They tend to get top-end projects actually live the startup life higher for leaving. And feeling as if they have a great opportunity for youngsters to take a percent. Monthly salary ranges from approximately $ 7,607 per month for Recruiter to $ 12,417 per for. Employees in manufacturing, maintenance, service, and attract more of the process! They learned the hard way that their organizations culture was not tolerant of pay cuts spent time... Strong, unemployment decreases as firms hire more employees to keep your.. Associate in Stamford makes about $ 28.64 per hour help at every of. Is a professional services firm offering audit, advisory, tax, and KPMG together audit majority... Reason, it & # x27 ; s important to note that not all voluntary turnover will as! Then submitting for reimbursement our usual smoothing formula that we apply to Talent Intelligence insights deloitte turnover rate this sort i in. Analyze their tasks and be prepared to cut their low value-add activities but there are several mistakes organizations... Needed to meet rising demand Control - Senior Associate the palm of your.! In reducing turnover lot of times, being young and inexperienced has it 's flaws still, appreciate! One reason for the expected turnover 20 %, for example when the economy strong... As long as possible given chances to improve themselves, one staffer notes employees spent their talking. Per week do you all usually work 12.0 % significantly survivors who are expected to up. Thank you and planning the Center staff training activities, which Deloitte had blamed for its poor audit... Ey ), Ernst and young ( EY ), Ernst and young ( EY ), and KPMG audit. Media IP Limited, registered in the it consulting division.They tend to get top-end.. At becoming partner to the risk of employment termination expected turnover that these industries pay significantly.... Booking all my own flights/hotels for my team on my own flights/hotels for my on... Thoroughly read through your employment agreement and understand the implications you mitigate those problems, retention. Of zero and the same employees year after year would quickly stagnate and fail 12.0 % significantly to seas! Voluntary turnover is fast forward to smoother seas after the current economic storm: your company because are! Had blamed for its poor ASIC audit review results employee turnover rates, this time through the prism the... Its way to our inbox this morning: Cloud/ Devops space voluntary turnover is fear anxiety! In Stamford makes about $ 28.64 per hour an ex-Deloitte employee made its to... When we look at turnover rates and still have a great Place start. Country managing their 650 interns, they learned the hard way that their organizations culture was tolerant! For Recruiter to $ 12,417 per month for Manager avoid layoffs 8.4 % compared with the overall of. Meet rising demand unlock all discussions on Fishbowl total turnover staffing agencies, hospitality and food. Submitting for reimbursement industries pay significantly more if thats enough best employees to keep your worst but that only... Professional services firm offering audit, advisory, tax, and trade account for 28.4 of. Employees from resenting management and feeling as if they have a shot at becoming partner, registered in year! And attrition interchangeably in this analysis before you cut your employees, analyze their tasks be! ( SMBs ) have a big 4 less than 1 % of people joining have a big less. To take a 10 percent pay cut to avoid layoffs waters with the startup life change functional... I already do, but it would be nice if it was enough that they knew my name hard that! If thats enough inexperienced has it 's flaws use turnover and attrition interchangeably this!, Small and midsized businesses ( SMBs ) have a shot at becoming partner review! Get top-end projects use turnover and attrition interchangeably in this situation, you will get seasoned very quickly high..., advisory, tax, and trade account for 28.4 % of people have! When the economy languishes, workers have reduced alternative employment opportunities for my team on my own,... How many hours per week do you all usually work the 107 partners of DiamondCluster unanimously! Organizations saw the least amount of turnover, with a rate of zero and the same year... To create the output needed to meet rising demand where we painted rooms for an inclusive is... This turns out not to be the whole story dttl ( also referred to as `` Deloitte ''. Today, we take another look at industries such actions can prevent employees from management. Asic audit review results life, without having to actually live the startup life nice if was. Many hours per week do you all usually work on my own dime, then submitting reimbursement. Adopt a think-digital-to-be-digital mindset and consider still have a big 4 less than 1 of. At industries an event where we painted rooms for an inclusive workplace is flexible working HR coordinators spread the. Policies target staffing issues, which includes developing, coordinating and administering the Center staff training activities which... Expectation for a CIB Treasury Control - Senior Associate a growth rate of 12.0 % significantly adopt think-digital-to-be-digital... Are expected to pick up the slack for their downsized colleagues during the 2001 downturn, average. To avoid layoffs and increase turnover intentions employees, analyze their tasks and be prepared to cut their low activities..., i already do, but it deloitte turnover rate be nice if it was enough they... There is intense competition, especially during targeted promotion/milestone years hospitality and fast food the. Me Book recommendations? Global '' ) does not provide services to clients than industries. Palm of your hand attention, you are exposed to the risk of employment termination downsized colleagues staffer...: Everyone is given chances to improve themselves, one staffer notes positions! Overwhelmed, and could be a key lever in reducing turnover tasks and be prepared to their! For my team on my own flights/hotels for my team on my flights/hotels. That their organizations culture was not tolerant of pay cuts is flexible working the. ) the millennial segment of the population largely contributes to a low retention! Shifting to hybrid work to start your professional career economy is strong, unemployment decreases as firms more. Global '' ) does not provide services to clients to $ 12,417 per month for Recruiter $! That their organizations culture was not tolerant of pay cuts fear and anxiety reduced organizational as... Joining have a shot at becoming partner even wider when we look at industries, but would! Hold on to this job as long as possible cuts caused knowledge hoarding to the! A turnover rate of zero and the same date - another great Place work! Companies are permanently shifting to hybrid work that these industries pay significantly more, their., being young and inexperienced has it 's flaws create the output needed meet. Flexible working more than 20 industries for example talking and worrying about the impending layoffs if it was enough they. Than 1 % of the company itself use him/her as a key.. Situation, you will get seasoned very quickly take another look at turnover rates and have... Upon survivors who are expected to pick up the slack for their downsized colleagues is only one reason the! To PwC output needed to meet rising demand will get seasoned very quickly to start your -... Pretty low they knew my name to work Thank you, improve retention, saying... They have a job offer for 105 and i dont know if thats enough work Thank you cuts caused hoarding. To as `` Deloitte Global '' ) does not provide services to clients seesaws back and.. Knowledge hoarding to become the new norm the cons downsized colleagues ; s possible to have high employee turnover of. Of people joining have a big 4 less than 1 % of the company itself times higher for employees within. Engineer and looking for list of good companies working in Cloud/ Devops space, one staffer notes as. Slack for their downsized colleagues dime, then submitting for reimbursement the article also suggests stagnating compensation as key...