Hi All,
Our management has decided to introduce a Retention Bonus Policy for employees of Turnkey Solutions, a management company. Before drafting and proposing this policy, we would like to know what the average lifespan of an employee is in this industry.
Thank you.
From India, Mumbai
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Our management has decided to introduce a Retention Bonus Policy for employees of Turnkey Solutions, a management company. Before drafting and proposing this policy, we would like to know what the average lifespan of an employee is in this industry.
Thank you.
From India, Mumbai
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A ballpoint figure might not be an appropriate measure for standards. The employee life cycle depends on the stage the employee is, i.e., early, mid, senior. An average of 18-24 months for early level, 3-6 years for mid-level, and more than that for senior level can be broad-based. However, that's essentially a generalization and not a ground rule. The motivation of an employee is the only measure. Create bands and moderate on the basis of how long the employee would remain motivated at work, prewiring the market features including business risks. You might consider reading this The right way to grant equity <link updated to site home> (Search On Cite | [url=https://www.google.com/search?q=The right way to grant equity]Search On Google). I found it exceptionally insightful. Wish you all the best!
From India, Mumbai
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1893From India, Mumbai
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