Employee retention shows up in every part of the workforce—from service roles in small teams to skilled labor, healthcare staff, and non-executives in large enterprises. This page breaks down 2022–2023 benchmarks by industry, company size, and region, and highlights benefits and workplace conditions that move retention, including mental health support and retirement matching. You’ll also see how retention shifts across age and generation, plus what changed during the post-COVID period.
Key Takeaways
- Companies offering unlimited PTO saw 15.3% higher retention rates at 89.2% vs 73.9% without in 2023
- Firms with mental health benefits reported 84.7% retention, a 9.2% uplift from non-offering peers in 2023
- 401(k) matching programs correlated with 87.1% retention in mid-career staff 2023
- Companies with fewer than 50 employees had an average retention rate of 74.5% in 2023, compared to 68.2% for startups under 10
- Mid-sized firms (250-999 employees) reported 83.7% retention in 2022, driven by internal promotions
- Large enterprises over 5000 employees achieved 88.2% retention for non-executives in 2023
- Millennials (born 1981-1996) had a retention rate of 68.4% across industries in 2023, seeking growth opportunities
- Gen Z employees (born 1997+) showed 62.7% retention in 2023, highest turnover at 18-24 age group 45.3%
- Women in leadership roles had 79.2% retention vs 82.1% for men in 2023 corporate settings
- In the healthcare industry, registered nurses had an average retention rate of 81.2% in 2023, down from 84.5% in 2022 due to burnout from post-pandemic workloads
- Technology companies reported a software developer retention rate of 87.3% annually in 2023 for mid-sized firms, influenced by remote work options
- Retail sector employee retention averaged 62.4% in 2022, with high turnover in entry-level positions at 45.7%
- Post-COVID remote work retention peaked at 87.5% globally in 2023
- US employee retention averaged 82.1% in 2023, up from 79.4% in 2022 amid cooling job market
- Europe saw 84.3% retention in manufacturing 2023 due to labor regulations
In 2023, benefits and supportive workplaces lifted retention, with remote work peaking and US rates rising.
Related reading
01 · Category
Benefits And Perks20 stats
01
Companies offering unlimited PTO saw 15.3% higher retention rates at 89.2% vs 73.9% without in 2023
02
Firms with mental health benefits reported 84.7% retention, a 9.2% uplift from non-offering peers in 2023
03
401(k) matching programs correlated with 87.1% retention in mid-career staff 2023
04
On-site gym access boosted retention by 12.4% to 82.6% in corporate offices 2023
05
Tuition reimbursement led to 91.5% retention for Gen Z employees in 2023
06
Flexible hours increased retention to 88.9% from 76.3% rigid schedules in 2023
07
Equity stock options raised tech retention to 93.2% for early employees 2023
08
Pet-friendly workplaces saw 81.4% retention, 7.8% above average in 2023
09
Comprehensive health insurance reduced turnover by 11.6%, retention at 85.3% 2023
10
Sabbatical programs achieved 90.7% retention in high-burnout industries 2023
11
Wellness stipends increased retention by 13.7% to 87.9% 2023
12
Parental leave >12 weeks boosted retention 18.2% to 91.4% 2023
13
Hybrid stipends for home office raised retention to 89.6% 2023
14
Employee stock purchase plans led to 92.8% retention long-term 2023
15
Free meals daily improved retention 10.9% to 84.2% 2023
16
Career coaching programs achieved 90.1% retention mid-level 2023
17
Commuter benefits reduced turnover 9.4% retention 83.7% 2023
18
Volunteer time off correlated with 86.5% retention CSR-focused 2023
19
Fertility benefits increased retention 16.8% to 88.3% families 2023
20
Learning management systems usage tied to 89.7% retention upskilled 2023
Interpretation
Benefits And Perks Interpretation
Benefits and perks clearly make a measurable difference, with retention climbing to 89.2% for companies offering unlimited PTO compared with 73.9% without, showing how the right extras can significantly keep employees longer in 2023.
02 · Category
Company Size19 stats
01
Companies with fewer than 50 employees had an average retention rate of 74.5% in 2023, compared to 68.2% for startups under 10
02
Mid-sized firms (250-999 employees) reported 83.7% retention in 2022, driven by internal promotions
03
Large enterprises over 5000 employees achieved 88.2% retention for non-executives in 2023
04
Small businesses (10-49 employees) saw 71.9% retention in service roles in 2023
05
Enterprises with 1000-4999 employees had 85.4% average retention in tech roles 2023
06
Micro-enterprises (<10 employees) reported 92.1% retention due to personal relationships in 2022
07
Companies with 50-249 employees averaged 79.3% retention for sales staff in 2023
08
Fortune 500 companies had 87.6% retention rates in 2023, varying by division
09
SMBs (under 500 employees) saw 76.8% retention improvement of 3.2% YoY in 2023
10
Global corporations (>10,000 employees) reported 84.9% retention for remote workers in 2023
11
Startups under 50 employees had 69.2% retention in first 2 years 2023
12
Firms with 500-999 employees achieved 84.1% retention via team-building 2023
13
Mega-corps >50k employees reported 86.3% retention for HQ staff 2023
14
Family-owned businesses <100 employees had 93.4% retention loyalty 2023
15
Scale-ups 100-499 employees saw 77.8% retention post-funding 2023
16
Public companies 250-1000 employees averaged 81.5% retention 2023
17
Boutiques 20-99 employees boosted retention to 80.2% with perks 2023
18
Conglomerates >10k employees had 83.9% divisional retention 2023
19
Service firms 50-250 employees reported 78.6% retention 2023
Interpretation
Company Size Interpretation
From a company size perspective, retention generally rises as firms get larger, climbing from 68.2% for startups under 10 employees and 71.9% for 10 to 49 employees to 88.2% for large enterprises over 5000 employees in 2023.
03 · Category
Employee Demographics20 stats
01
Millennials (born 1981-1996) had a retention rate of 68.4% across industries in 2023, seeking growth opportunities
02
Gen Z employees (born 1997+) showed 62.7% retention in 2023, highest turnover at 18-24 age group 45.3%
03
Women in leadership roles had 79.2% retention vs 82.1% for men in 2023 corporate settings
04
Employees aged 25-34 had 71.5% retention rate in 2022, driven by work-life balance needs
05
Baby Boomers (born 1946-1964) exhibited 91.3% retention in 2023, preferring stability
06
Ethnic minorities had 75.6% retention in diverse companies vs 82.4% majority in 2023
07
Remote workers aged 35-44 showed 86.7% retention compared to 78.9% on-site in 2023
08
LGBTQ+ employees reported 77.2% retention in inclusive firms in 2023
09
Parents with children under 5 had 69.8% retention with childcare support in 2023
10
Veterans in civilian roles achieved 88.4% retention with mentorship programs in 2023
11
Gen X (1965-1980) retention at 87.2% valuing stability 2023
12
Men aged 45-54 had 89.5% retention vs women 84.3% same age 2023
13
Hispanic employees retention 76.1% in US with inclusion programs 2023
14
Single employees without kids showed 74.9% retention seeking flexibility 2023
15
Over-55 workers had 94.2% retention in advisory roles 2023
16
Black employees in tech had 72.8% retention with DEI efforts 2023
17
Women over 40 retention 85.6% with menopause support 2023
18
Asian employees averaged 88.9% retention high-performers 2023
19
Disabled employees retention 79.4% with accommodations 2023
20
Childless millennials retention 70.3% career-focused 2023
Interpretation
Employee Demographics Interpretation
Within Employee Demographics, retention drops sharply among younger groups, with Millennials at 68.4% and Gen Z at 62.7% in 2023, alongside the highest turnover of 45.3% in the 18 to 24 age range.
More related reading
04 · Category
Industry Specific18 stats
01
In the healthcare industry, registered nurses had an average retention rate of 81.2% in 2023, down from 84.5% in 2022 due to burnout from post-pandemic workloads
02
Technology companies reported a software developer retention rate of 87.3% annually in 2023 for mid-sized firms, influenced by remote work options
03
Retail sector employee retention averaged 62.4% in 2022, with high turnover in entry-level positions at 45.7%
04
Manufacturing plants achieved 78.9% retention for skilled laborers in 2023, boosted by apprenticeship programs
05
Hospitality industry hotel staff retention stood at 55.2% in 2023, recovering from 48.1% in 2021 amid labor shortages
06
Financial services firms saw 89.1% retention for analysts in 2023, higher due to competitive bonuses
07
Education sector K-12 teachers had 92.3% retention in public schools in 2023, varying by urban vs rural at 88.7% vs 95.4%
08
Construction industry foremen retention rate was 76.5% in 2023, impacted by safety training initiatives
09
Energy sector oil rig workers had 82.4% retention in 2023, influenced by shift schedules
10
Healthcare retention in US hospitals was 81.2% in 2023, varying by region with Northeast at 85.7%
11
Finance sector retention for compliance officers stood at 90.1% in 2023 due to regulatory demands
12
E-commerce retail retention averaged 65.4% for warehouse staff in 2023 peak seasons
13
Aerospace engineering retention was 88.7% in 2023 amid supply chain recovery
14
Telecom customer service retention hit 70.3% with AI chat support in 2023
15
Pharmaceuticals R&D staff retention at 91.8% in 2023, supported by long-term projects
16
Logistics firms reported 73.5% retention for drivers in 2023, up with better routes
17
Media and entertainment content creators had 79.6% retention in 2023 streaming era
18
Non-profit organizations saw 82.9% retention for program managers in 2023
Interpretation
Industry Specific Interpretation
In the industry specific results, retention is strongest in finance and healthcare where analysts reached 89.1% and nurses held 81.2% in 2023, while more labor intensive sectors like hospitality and retail lag well below 60% with hotel staff at 55.2% and retail averaging 62.4%, showing how widely retention varies by industry conditions.
05 · Category
Trends And Regions20 stats
01
Post-COVID remote work retention peaked at 87.5% globally in 2023
02
US employee retention averaged 82.1% in 2023, up from 79.4% in 2022 amid cooling job market
03
Europe saw 84.3% retention in manufacturing 2023 due to labor regulations
04
Asia-Pacific tech retention hit 89.7% in 2023 with Singapore leading at 92.4%
05
Inflation-impacted retention fell to 76.8% in low-wage sectors US 2023
06
Hybrid work models increased retention by 8.2% to 86.4% in 2023 surveys
07
Latin America retention averaged 74.9% in 2023, Brazil at 71.2% due to economic volatility
08
AI training programs boosted retention 14.5% to 88.9% in 2023
09
Retention in Canada reached 85.6% in 2023, higher than US by 3.5% with better benefits
10
Great Resignation aftermath showed voluntary turnover down to 3.8% from 5.2% in 2023
11
Australia retention averaged 86.2% in 2023 with strong unions
12
India IT sector retention 85.9% amid global competition 2023
13
Recession fears improved retention to 84.7% US Q4 2023
14
DEI initiatives retention uplift 11.3% to 87.4% diverse teams 2023
15
UK retention 83.5% post-Brexit labor shifts 2023
16
China manufacturing retention 79.8% with wage hikes 2023
17
Gig economy transition lowered traditional retention to 68.4% 2023
18
Climate tech retention high at 91.2% mission-driven 2023
19
Africa emerging markets retention 72.6% infrastructure challenges 2023
20
Post-layoff retention rebounded 7.9% to 81.6% tech 2023
Interpretation
Trends And Regions Interpretation
Under the Trends And Regions angle, retention rebounded strongly in 2023 with hybrid work lifting rates by 8.2% to 86.4% globally, while regions varied from 76.8% in US low-wage sectors to 89.7% across Asia-Pacific tech where Singapore reached 92.4%.
report visual · Comparison
Employee Retention: What Benefits Make the Biggest Difference
Across 2023, retention rates are consistently higher where organizations invest in supportive benefits (e.g., unlimited PTO, mental health benefits, flexible schedules), compared with peers or baseline arrangements.
Flexible hours increased retention to 88.9% from 76.3% rigid schedules in 202388.9%
Firms with mental health benefits reported 84.7% retention, a 9.2% uplift from non-offering peers in 2023
84.7%
Single employees without kids showed 74.9% retention seeking flexibility 2023
74.9%
Companies offering unlimited PTO saw 15.3% higher retention rates at 89.2% vs 73.9% without in 2023
15.3%
Reference
Cite This Report
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APA
Min-ji Park. (2026, February 13). Employee Retention Rate Statistics. Gitnux. https://gitnux.org/employee-retention-rate-statistics
MLA
Min-ji Park. "Employee Retention Rate Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/employee-retention-rate-statistics.
Chicago
Min-ji Park. 2026. "Employee Retention Rate Statistics." Gitnux. https://gitnux.org/employee-retention-rate-statistics.
Sources & references
76 datasets cited across this report · attribution is report-level