Dupont, Delta Air Lines, Coca-Cola and Amazon Named Employee Retention Leaders in First AI-Based Workforce Rankings of Fortune 100
Workforce Logiq’s Proprietary Workforce Volatility Algorithm Ranks Fortune 100 Companies by Highest Levels of Employee Retention
Workforce Logiq announces the winners of its inaugural The Working Best Awards: Employee Retention Leaders. The new program recognizes the Fortune 100 companies with the lowest levels of workforce volatility vs. peer and national benchmarks, determined by Workforce Logiq’s predictive analytics and proven data science. The Working Best Awards program is the only AI-driven ranking for employee retention.
Today @WorkforceLogiq announces their first annual Working Best Awards –the first #AI-based recognition of Fortune 100 companies.
The Working Best Awards are based on Workforce Logiq’s Talent Retention Risk (TRR) Scores which use proprietary AI models to benchmark how various factors contribute to employee volatility or stability. Workforce Logiq aggregates a billion data points monthly from forty-thousand sources including macroeconomic trends, company-level social media and news sentiment, leadership changes, job posting trends, job tenure, and other churn indicators to predict the likelihood of professional employees and knowledge workers being interested in external job opportunities and unsolicited recruiting messages.
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Companies with low TRR Scores are predicted to have the highest employee retention rates or lowest employee churn. Workforce Logiq’s TRR Scores and data science were validated in a recent Harvard Business Review article; passive candidates identified as “most likely” to be receptive to new job opportunities were twice as receptive to unsolicited recruitment messages and 63% more likely to leave their position as compared to those who were predicted “unlikely” to be receptive.
DuPont leads the Fortune 100 in employee retention with the lowest TRR Score of 28.9, which is 39% lower than the Fortune 100 average (47.3). Honeywell International (TRR: 33.4), Lockheed Martin Corporation (TRR: 33.6), Delta Air Lines (TRR: 34.2), and Merck & Co. (TRR: 34.2) round out the top five.
Winners were determined based on their average TRR Score over the course of 2019. Organizations that had a high-risk score (TRR Scores higher than 50) at any point during the past 12 months were disqualified from winning. This year, only 12 companies in the Fortune 100 met The Working Best: Employee Retention Leaders criteria:
- DuPont de Nemours, Inc. (TRR: 28.9)
- Honeywell International Inc. (TRR: 33.4)
- Lockheed Martin Corporation (TRR: 33.6)
- Delta Air Lines, Inc. (TRR: 34.2)
- Merck & Co., Inc. (TRR: 34.2)
- Amazon.com, Inc. (TRR: 34.3)
- Microsoft Corporation (TRR: 38.4)
- Intel Corporation (TRR: 38.8)
- Best Buy Co., Inc. (TRR: 39.6)
- American Express Company (TRR: 39.8)
- Cisco Systems, Inc. (TRR: 40.5)
- The Coca-Cola Company (TRR: 41.0)
“AI-powered retention insights equip organizations to predict employee volatility and proactively take action before churn affects their business,” said Dr. Christy Whitehead, lead inventor of the TRR Score algorithm and Workforce Logiq’s Chief Data Scientist and Talent Economist.
“The 2020 Working Best winners’ high retention rate benchmarks are noteworthy in today’s hypercompetitive labor market,” said Jim Burke, CEO of Workforce Logiq. “When replacing an employee can cost about 33% of their annual salary, predictive workforce management is good for business. Strong levels of employee retention are also associated with higher engagement, satisfaction, productivity, and profitability.”
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