Do these companies have the best retention strategies?

Employees stayed here for over a decade

Do these companies have the best retention strategies?

We've heard stories about companies seeing waves of departing staff before and during the pandemic - but a new study revealed which major companies are holding on to their employees the longest. 

In a study from on LinkedIn data, we found out a list of companies where employees don't want to leave based on the median tenure of the workers.

Landing on top is a tie between the HSBC Bank USA and skincare brand Neutrogena, with their employees having an average tenure of a whooping 10.2 years.  

According to the report, the length of existence might have played a role on this, with HSBC founded in 1850 and Neutrogena traced to 1930s Hollywood.

They are followed by the following companies:

  1. Merck & Co
  2. Thomson Reuters
  3. Pakistan International Airlines
  4. TAP Air Portugal
  5. EgyptAir
  6. Mary Kay
  7. KLM Royal Dutch Airlines
  8. Virgin Atlantic
  9. Aerolineas Argentinas
  10. Korean Air
  11. United Airlines
  12. AT&T
  13. Qantas
  14. British Airways
  15. Verizon
  16. BMO Harris Bank
  17. Ericsson

Interestingly, 11 out of the 20 companies listed are from the aviation sector, according to the report, which attributed this to the high cost of security checks, as well as pilot and attendants training.

It added that the sector's generous stopover allowances and flight discounts are effective retainers for employees.

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