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Business

Toxic Corporate Culture is Driving the Great Resignation

Source: https://www.reveliolabs.com/news/social/toxic-corporate-culture-is-driving-the-great-resignation/

As a record number of Americans resigned their jobs in 2021, we are proud to present our research in MIT Sloan Review’s Toxic Culture Is Driving the Great Resignation, co-written with MIT adjunct faculty and co-founders of Culture X, Donald Sull and Charles Sull, and Revelio Labs CEO Ben Zweig. The article investigates the main drivers of employee attrition and actual strategies managers can employ to retain talent.

The authors use Revelio Labs’ attrition data, in conjunction with topics in the free text of more than 1.4 million Glassdoor reviews, as well as the Natural Employee Language Understanding platform developed by CultureX to examine key drivers of attrition at companies.

The paper finds that toxic corporate culture is by far the best predictor of employee attrition, over 10 times as important as compensation, and far ahead even of job security, or failure to recognize performance.

Since these factors are hard to correct, the article investigates actionable steps managers can take in the short-term to reduce attrition.

Key Takeaways:

  • Toxic work-culture is a major driver of attrition, along with job insecurity, excess innovation, and a bad COVID response.
  • Lateral career opportunities, remote work, social events, and predictable schedules are actionable steps managers can make to reduce attrition

To learn more about the data behind this article and what Revelio Labs has to offer, visit https://www.reveliolabs.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

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Consumer Edge Research

Consumer Edge Insight offers exclusive street-ready big-data products engineered for alpha generation by Data Science Teams & Portfolio Managers alike. CEI offers a number of alternative data products including CE Transact, our leading U.S. credit/debit card insight product (15M cards). CE Transact products provide aggregated revenue signal, deep fundamental cohort analysis and/or granular transaction-level data feeds with unparalleled metadata. Advantages: shortened latency (T+4), better panel representativeness (9M+ daily panel), and metadata integration such as demographics (at cardholder level). All data is cleaned with CEs Advanced Tagging System.