Connect with us

Business

Ranked: Top Companies for Employee Retention (U.S. and UK)

Published

on

Top Companies for Employee Retention in the U.S. and UK

Top Companies for Employee Retention in the U.S. and UK

Workers weigh various factors when deciding to stay with a company for an extended period. These include a positive work environment, fair compensation, job security, opportunities for professional growth, and resilience against disruptive changes in the economy or technology.

So, which companies excel in employee retention?

For the graphics in this post, Resume.io analyzed LinkedIn data to identify large companies where employees have the longest tenures in both the U.S. and the UK.

Benefits like Scholarships and Fertility Treatments

Resume.io ranked the top 100 companies by market cap in the U.S. and UK based on their average employee tenure through an analysis of their LinkedIn pages.

The large energy company ConocoPhillips leads in employee retention in the United States.

Rank Company Median Tenure (years)
1ConocoPhillips10.6
2Chevron9.3
3Union Pacific9.3
4Altria9.3
5Southern Company8.8
6Duke Energy8.6
7Texas Instruments8.4
8Verizon8.3
9Lockheed Martin7.9
10Broadcom7.4
11Comcast7.4
12Boeing 7.3
13Caterpillar7.2
14Lilly7.1
15ExxonMobil7.0
16IBM6.9
17UnitedHealth Group6.8
18Progressive6.7
19Wells Fargo6.6
19Honeywell6.6

The company attracts young talent through university scholarships and offers military veterans transitioning into the civilian workforce ‘challenging and rewarding projects around the world.’

Altria Group (formerly Philip Morris Companies, Inc.) is the sole consumer goods company in the top 20. The tobacco, alcohol, and cannabis company, known for brands like Marlboro, holds significant stakes in Belgian brewery AB InBev and global cannabinoid company Cronos Group.

Actively moving away from smoked tobacco products, Altria provides an extensive benefits package to employees, including a profit-sharing plan, financial support for employees pursuing surrogacy or fertility treatments, and on-site amenities such as cafeterias, fitness centers, medical centers, and hair salons.

The top 10 is also notably dominated by energy and engineering companies.

83-Year-Old UK Company Retains Long-Term Employees

With an average tenure of 10.2 years, distribution giant Bunzl keeps its employees longer than any other major UK business.

The family company can trace its business roots back to a retailer that sold clothing back in the 1850s in Slovakia.

The company offers its employees a big package of benefits, including reduced-price stock and tuition assistance of up to $11,000 per year for a graduate degree.

Top Companies for Employee Retention in the U.S. and UK

Bunzl is followed by one of the largest offshore drilling contractors in the world, Noble.

Improving Mental, Physical, and Financial Well-Being

The challenge of retaining good employees has become a top priority for many organizations. A good package of benefits or a clear path to career development can make a difference.

A recent survey by the Pew Research Center revealed that only half of American workers are highly satisfied with their overall employment situation.

According to another survey by Deloitte and Workplace Intelligence, 84% of respondents say that improving their mental, physical, and financial health is a top priority this year.

green check mark icon

This article was published as a part of Visual Capitalist's Creator Program, which features data-driven visuals from some of our favorite Creators around the world.

Click for Comments

Politics

Visualizing Term Limits of Heads of Government Around the World

Term limits are legal restrictions on the number of terms a leader can serve in their office, prevent one person from holding power too long.

Published

on

A chart showing the term limits and lengths of various heads of government

Term Limits and Lengths of Heads of Government

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Term limits, a legal restriction on the number of terms a leader can serve in their office, prevent one person from holding power too long, ensuring fresh leadership and regular democratic turnover.

This visualization shows the term limits and lengths of heads of government in various major countries.

Data comes from Wikipedia and various government websites.

Types of Term Limits

Term limits can be categorized as lifetime term limits or consecutive term limits, as defined below:

  • Lifetime term limits: Prevent an individual from holding the same office for more than a set number of terms, regardless of any breaks between terms.
  • Consecutive term limits: Prevent an individual from holding the same office for more than a set number of terms back-to-back. They may run for office again after a break.
  • No term limits: No legal restriction on the number of terms a leader can serve. (In many parliamentary countries like Canada, the UK, and Australia, leaders must retain their party’s support and parliamentary confidence to stay in power.)

How Long Can Heads of Government Serve?

Below, we show the term limits and term lengths of various heads of government around the world.

Type of Term LimitCountryTerm Limit for World LeaderElection Cycle/Term Duration
Lifetime🇺🇸 United States2 terms4 years
Lifetime🇰🇷 South Korea1 term5 years
Lifetime🇿🇦 South Africa2 terms5 years
Lifetime🇷🇺 Russia2 terms6 years
Consecutive🇧🇷 Brazil2 consecutive4 years
Consecutive🇫🇷 France2 consecutive5 years
No term limit🇦🇺 AustraliaNo term limits3 years
No term limit🇨🇦 CanadaNo term limits4 years
No term limit🇩🇪 GermanyNo term limits4 years
No term limit🇯🇵 JapanNo term limits4 years
No term limit🇨🇳 ChinaNo term limits5 years
No term limit🇮🇳 IndiaNo term limits5 years
No term limit🇮🇹 ItalyNo term limits5 years (parliamentary elections)
No term limit🇬🇧 United KingdomNo term limits5 years

Removing or extending term limits, as seen with China’s Xi Jinping in 2018, helps incumbents consolidate power indefinitely.

Besides Xi Jinping, other world leaders have sought to extend their time in office by amending rules around term limits, such as Russia’s Vladimir Putin.

In 2020, Putin implemented several constitutional amendments, including changing Russia’s two-term limit from consecutive to lifetime, while also resetting his term count to zero. This allowed him to run and win reelection in 2024, and gives him the option to do so again in 2030, potentially extending his presidency until 2036.

Putin is already among the longest-serving world leaders, with 25 total years in power. He has served as the president or prime minister of Russia since 2000.

In comparison, the U.S. imposes a strict lifetime two-term limit on its president, but some Trump loyalists are pushing to amend the constitution to allow a third term for Trump.

Learn More on the Voronoi App

To learn more about heads of government around the world, check out this graphic that visualizes the newest approval ratings of world leaders in 24 countries around the world.

Continue Reading

Discover more visuals with Voronoi by Visual Capitalist Logo

The Top 1% Own 50% of U.S. Household Stocks, While the Bottom 50% Hold Just 1%

Popular