How Companies Are Retaining Employees During The Ongoing Job Exodus

Although the Great Resignation has taken the job market by storm, not every industry is feeling the burden of this mass exodus. 

Hired used analysis from its 650 clients that were seeking technology-specific roles to rank companies across the US and the UK that performed best in attracting new talent between October of 2020 and October of 2021. 

According to the findings, the top companies for American Enterprise employees were: 

1. Insider Inc. 
2. Maximum 
3. Nielson 
4. Walmart Global Tech 
5. The Walt Disney Company

Among small employers, recreational vehicle financing firm Octane ranked number one, while virtual home care platform Sittercity finished first among midsize employers. 

Hired CEO Josh Brenner says companies that performed the best in retaining and hiring talent had three things in common: prioritizing underrepresented candidates, offering positions to candidates more quickly, and being transparent about compensation. 

“Within the top companies that are able to attract tech talent, 23% of all interview opportunities are extended to underrepresented candidates, versus 14% of all companies on our platform,” said Renner. “When it comes to job offers, it’s even more extreme. Thirty-five percent of all job offers at those companies are made to underrepresented candidates, compared to 12% in our overall population of companies.” 

The top companies that were quick to extend offers saw an 84% response rate from successful candidates, compared to the 50% response rate seen at other firms. 

Insider Inc., which ranked first in hiring and retention among large U.S. companies, saw an attrition rate of 19.37% in 2021, below the national average of 57.3%. According to Insider’s senior vice president of people and culture Nailah Banks-Embden, this is largely due to creating a diverse and equitable workforce. 

“We know diversity plus equity plus inclusion equals a successful organization, so we strive to weave that through all of our company initiatives,” said Banks-Embden.