Category Ceo gift

Celebrating Business Longevity

Work retirement gifts

Recent information shows that just 44% of new businesses are still in operation after 5 years. New corporations, however, average approximately 12 to 15 years. When a business or corporation exceeds these life cycles, it is a significant accomplishment.

Employee Turnover Rates

The Bureau of Labor Statistics recently reported on the average number of years that employees remained with their current employer. It’s unlikely that many of these individuals celebrated their fifth work anniversary, because they remained in those positions for just 4.6 years.

Bedside resident nurses have a current turnover rate that ranges from 8.8% to 37.0%. The national average for all registered nurses, however, is 17.2%. It’s important to note that this represents a 0.8% increase from 2014.

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