Average Employee Tenure
This PDF report includes benchmarking data (in a visual, chart-based format), an comprehensive KPI definition, characteristics of high performers and technical details on measuring Average Employee Tenure. Purchase and download this easy-to-understand, presentation-ready report immediately to compare performance levels, set attainable performance targets, and push towards best-in-class performance for this KPI.
What is Average Employee Tenure?
The average amount of time (measured in years) that all employees, or a particular group of employees (may be segmented by employee type, function or department), have been employed by the company across all job positions held during their tenure.
Why should Average Employee Tenure be measured?
Average Employee Tenure measures the average length of time that a single employee stays with the company. Employee tenure is a vital Human Resources (HR) metric that can be used to assess employee engagement and satisfaction, company training and development programs, the quality of benefits and compensation packages and the overall culture of the organization. Furthermore, highly tenured employees are typically more familiar with the organization's culture, as well as its operational and strategic objectives (i.e., the company has "invested" in these employees), which can have a positive impact on workplace productivity, morale, and work quality. Retaining valuable, high performing employees is seen as a competitive advantage for any organization, and can also lessen the organization's recruiting and hiring workload.
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