Costco's 94% Retention Rate vs. The Casino's Sweat Shops
Intel Brief
Interesting how people just magically seem to stick around when working for you is actually a good deal for them.
Zach Brown
Founder, Sales Pipeline Pros
Operator Note
Only at the Casino...
Saw this psot and had AI do some digging for me because I was sure that Costco's turnover rate had to super low...
Turns out that's a big fat YUP.
Costco reported a 94% retention rate for US/Canadian employees who have been there at least a year.
94%.
Their average employee tenure is NINE YEARS.
And more than 50% of US employees have been there 5+ years.
And that's in RETAIL people.
Annual turnover in retail is 40-60%.
Costo is sub 8%.
And Costco themselves basically tells you why:
You ready?
They pay better.
WHOOAAAAAAA.
Shocker.
Meanwhile the Casino is chock FULL of RINKY-DINK hunger-game, sweat shop JOKES of an operation, with 2 week [UNPAID] trials where reps are competing for a role doing 400 dials a day (yes, just heard this one this morning).
Interesting how people just MAGICALLY seem to stick around when working for you is actually a good deal for them.
Welcome to the Casino.
P.S. If you own/operate a casino company and you hire people for free, unpaid trials, you should be ashamed of yourself.
Maybe @Mark Zuckerburg should shut your ads off to help you get the picture.
Just a thought
Written by Zach Brown
1,100+ hires placed. 300 founders. Five years of reading people for a living. Need a sales hire?
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