Top Companies for Employee Retention in the U.S. and UK

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Bruno Venditti
2023-11-17 01:44:28

Top Companies for Employee Retention in the U.S. and UK

Top Companies for Employee Retention in the U.S. and UK

Workers weigh various factors when deciding to stay with a company for an extended period. These include a positive work environment, fair compensation, job security, opportunities for professional growth, and resilience against disruptive changes in the economy or technology.

So, which companies excel in employee retention?

For the graphics in this post, analyzed LinkedIn data to identify large companies where employees have the longest tenures in both the U.S. and the UK.

Benefits like Scholarships and Fertility Treatments ranked the top 100 companies by market cap in the U.S. and UK based on their average employee tenure through an analysis of their LinkedIn pages.

The large energy company ConocoPhillips leads in employee retention in the United States.

Rank Company Median Tenure (years)
1 ConocoPhillips 10.6
2 Chevron 9.3
3 Union Pacific 9.3
4 Altria 9.3
5 Southern Company 8.8
6 Duke Energy 8.6
7 Texas Instruments 8.4
8 Verizon 8.3
9 Lockheed Martin 7.9
10 Broadcom 7.4
11 Comcast 7.4
12 Boeing 7.3
13 Caterpillar 7.2
14 Lilly 7.1
15 ExxonMobil 7.0
16 IBM 6.9
17 UnitedHealth Group 6.8
18 Progressive 6.7
19 Wells Fargo 6.6
19 Honeywell 6.6

The company attracts young talent through university scholarships and offers military veterans transitioning into the civilian workforce ‘challenging and rewarding projects around the world.’

Altria Group (formerly Philip Morris Companies, Inc.) is the sole consumer goods company in the top 20. The tobacco, alcohol, and cannabis company, known for brands like Marlboro, holds significant stakes in Belgian brewery AB InBev and global cannabinoid company Cronos Group.

Actively moving away from smoked tobacco products, Altria provides an extensive benefits package to employees, including a profit-sharing plan, financial support for employees pursuing surrogacy or fertility treatments, and on-site amenities such as cafeterias, fitness centers, medical centers, and hair salons.

The top 10 is also notably dominated by energy and engineering companies.

83-Year-Old UK Company Retains Long-Term Employees

With an average tenure of 10.2 years, distribution giant Bunzl keeps its employees longer than any other major UK business.

The family company can trace its business roots back to a retailer that sold clothing back in the 1850s in Slovakia.

The company offers its employees a big package of benefits, including reduced-price stock and tuition assistance of up to $11,000 per year for a graduate degree.

Top Companies for Employee Retention in the U.S. and UK

Bunzl is followed by one of the largest offshore drilling contractors in the world, Noble.

Improving Mental, Physical, and Financial Well-Being

The challenge of retaining good employees has become a top priority for many organizations. A good package of benefits or a clear path to career development can make a difference.

A recent survey by the Pew Research Center revealed that only half of American workers are highly satisfied with their overall employment situation.

According to another survey by Deloitte and Workplace Intelligence, 84% of respondents say that improving their mental, physical, and financial health is a top priority this year.

The post Top Companies for Employee Retention in the U.S. and UK appeared first on Visual Capitalist.

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