I'm sure the impressive retention rate has more to do than being remote. The intention of what remote means (enjoy your work) is what matters.
"Only 8 people (out of 112) have ever left the company voluntarily, resulting in a 98.5% voluntary retention rate over 10 years (our total retention rate is 97%)."
Also, I think it's a mistake to compare a startup like this with Amazon and Google. They are much larger companies. The purity of any "enjoy your work" concept becomes harder to maintain as a company grows. There are too many people joining with too many different motivations, and the power of money and fame can cloud the minds of once integrous founders.
"Our remote-first peers boast similar stats: Buffer has a retention rate of 94% and an average tenure of 2.4 years, GitLab’s retention is 85%, BuySellAds is 90%, and Zapier’s is 94%. Meanwhile companies like Google and Amazon struggle to keep employees for barely a year."
"Only 8 people (out of 112) have ever left the company voluntarily, resulting in a 98.5% voluntary retention rate over 10 years (our total retention rate is 97%)."
Also, I think it's a mistake to compare a startup like this with Amazon and Google. They are much larger companies. The purity of any "enjoy your work" concept becomes harder to maintain as a company grows. There are too many people joining with too many different motivations, and the power of money and fame can cloud the minds of once integrous founders.
"Our remote-first peers boast similar stats: Buffer has a retention rate of 94% and an average tenure of 2.4 years, GitLab’s retention is 85%, BuySellAds is 90%, and Zapier’s is 94%. Meanwhile companies like Google and Amazon struggle to keep employees for barely a year."