A survey of 25 human resources executives at some of the country’s fastest-growing venture-backed startups revealed a worrisome finding: their attrition rates are double those of the industry overall. Why do people leave companies that should, in theory, offer plenty of opportunity for growth? Why do people stay?
This report exposes the depth of the problem and offers some answers. Executives, whose companies already face acute talent shortages, must grapple with these issues. Understanding the kinds of initiatives and culture that can nurture loyalty is increasingly critical—especially when it comes to holding on to your best performers.