Charities have third best employee retention of any sector

Charity workers stay with the same organisation for more than four years on average, the third highest period of any sector.

While the median average tenue for charity workers with the same employer is 4.3, it is only just over three years for those working in hospitality, IT, healthcare, the business sector.

The worst performing sector is marketing, where the median average among staff is 2.8 years.

The only two sectors with a higher average tenure than charities are manufacturing, and property & construction.

Workers at the largest charities, with more than 500 employees, stay even longer, by 4.7 years on average.

Whereas the average for those with under 500 staff members is 4.2, and the figure for start-ups and small charities is 4.1. This is a trend that is common across many sectors looked at by researchers, including legal services, retail, education, business, healthcare, marketing and hospitality.

Start up and small organisations have a lower-than-average tenure as they offer staff less stability, according to equity management platform Vestd, which has carried out the research.

Its analysis involved compiling data from almost 400,000 employees working for 1,400 organisations using work based social media platform LinkedIn.

“Employee tenure is a key indicator of job satisfaction and company culture,” said Vestd chief executive Ifty Nasir.

“Our findings demonstrate that, while it is natural to see movement between companies, industries like marketing, hospitality, and IT are struggling to effectively retain staff for long periods of time, leading to higher turnover rates and disrupted workplaces.”

“But with financial stability and well-being becoming a key priority for employees across all industries, offering robust packages that respond to these shifting needs has become a powerful incentive to not only retain current staff, but attract new talent.”



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