Tuesday, January 28, 2020
Another innovation milestone at Workforce Logiq: the launch of the first annual, AI-driven workforce ranking for employee retention performance. Based on our predictive analytics and proven data science, The Working Best Awards: Employee Retention Leaders recognize Fortune 100 companies with the lowest levels of workforce volatility vs. peer and national benchmarks.
High retention rates should be celebrated in today’s hypercompetitive labor market. Finding, hiring and keeping top-quality candidates is essential for growth – and proven performers have a competitive edge.
How it works
The Working Best Awards are the only AI-based recognition of employee retention on the market. The program is built on our Talent Retention Risk (TRR) ScoresSM which use proprietary AI models to benchmark how various factors contribute to employee volatility or stability.
We aggregate 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 an employee being interested in external job opportunities and unsolicited recruiting messages. Companies with low TRR Scores are predicted to have the highest employee retention rates, or lowest employee churn. The data science was recently validated in a Harvard Business Review article. Authors and science advisors to ENGAGE Talent, David Allen and Brooks Holtom, credit Dr. Christy Whitehead, Workforce Logiq chief data scientist and talent economist, as “the brains behind the process to develop the database” in the podcast Talent Champions with Diana Thomas.
In all, 12 Fortune 100 companies received the Working Best Award for Employee Retention based on their average TRR Score over the course of 2019. Organizations that had a monthly average score higher than 50 at any point in the past 12 months, or that did not meet the award criteria, were not eligible to win.
A big congratulations to DuPont, which led the Fortune 100 in employee retention with the lowest TRR ScoreSM of 28.9 (the Fortune 100 average was 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.
These high retention rates are noteworthy considering the tight, dynamic labor market employers are facing. We congratulate all 2020 Working Best Award winners on their success:
Learn more about this year’s winners and the predictive intelligence behind The Working Best Awards.