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Talent & Technology—Impact of the Big Crew Change on Employee Retention

You have invested a lot of time and money training new employees. Once employees are fully qualified, how do you retain them? The SPE Talent Council survey on factors affecting employee attraction and retention provides valuable insights. Documented in paper SPE 168112, the survey received responses from 1,737 people, and the results indicated that for those surveyed there are many important ways in which younger employees differ from older ones and that key retention factors differ with age.

Survey respondents were asked to rate 31 factors for staying with an employer and 31 factors for leaving an employer on a 6-choice scale that ranged from “most important” to “not at all important” and “not applicable.” Only people who reported having more than one employer were asked questions about leaving. Most of the survey respondents had worked for multiple employers (Fig. 1). Once people have experience switching employers, it may take less provocation or less enticement to persuade them to make another change.

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Talent & Technology—Impact of the Big Crew Change on Employee Retention

Eve Sprunt, SPE, Susan Howes, SPE, and Michael Pyrcz, SPE

01 March 2014

Volume: 66 | Issue: 3

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