Software and internet companies had the highest level of employee turnover in 2017 when compared to other major industries, according to data gathered by employment-focused social network LinkedIn.
Silicon Valley is famous for showering employees with perks like free meals, transportation and childcare, not to mention the—in some cases—multi-billion dollar, state-of-the-art office spaces.
However, data available to LinkedIn Premium users, and compiled by the San Francisco Business Times, showed that these perks aren’t enough to encourage longevity at even some of the largest tech companies in the world.
Here’s a look at the average tenure for employees in the Valley’s most famous tech giants:
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Uber was at the bottom of the list, with a short average employee tenure of just 1.8 years.
Uber’s latest valuation: $72 billion
Perks enjoyed by Uber employees (according to self-reported former employees on Glassdoor): Free meals and snacks, unlimited paid time off, gym memberships, discounts for Uber and UberEats services.
Dropbox, which just had a giant IPO, also struggles to retain talent. The average employee stays for 2.1 years.
Latest valuation: $11.76 billion
Perks (according to self-reported former and current employees on Glassdoor): Three catered meals a day, an on-campus gym, and cellphone bill reimbursement.
Tesla is in the same league, with employees staying at the electric car maker 2.1 years on average. Tesla employees work famously long hours and weekends, which could explain the relatively early burnout.
Latest valuation: $50.73 billion
Perks (according to self-reported former and current employees on Glassdoor): Relocation packages and travel stipends, stock options.
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Source:: Business Insider