this post was submitted on 17 Jul 2023
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That’s true, but Amazon pays above the national average, which itself desperately needs to rise.
This is a stronger indictment of the national work landscape than a boon for Amazon, who has a over 100% turnover rate…
how can you have a turnover rate over 100%?
It's a turnover rate over time. If everyone quit and had to be replaced in a day you'd be at 100%. Anything after that is over 100% for the year.
I've seen rates of 150% bandied around for Amazon. That means replacing 12.5% of your total headcount on average monthly.
I'm not great with math so please let me know if I'm understanding this right:
= 100% turnover rate
Then...
= 150% turnover rate
and so on?
It simply has to do with the number of lost/new employees in a year. So if you have 100 employees on your payroll and 100 quit over the course of a year, then you have 100% turnover. If 50, then 50/100 total employees = 50% turnover. It will be lower if less people left. Here's the link where I learned this: https://www.aihr.com/blog/how-to-calculate-employee-turnover-rate/#:~:text=How%20to%20calculate%20annual%20turnover,%3D%200.05%2C%20or%205%25.
Turnover rates are usually described annually. If a company has to replace it's whole staff twice in a year, that's a 200% annual turnover rate.
Amazon pays pretty decently but it's just god awful work. I worked in a warehouse briefly and made more than I had anywhere else entry level, but sorting boxes for 9 hours straight on night shifts isn't worth it
Again, I agree.
I’m not an executive, if I could raise the national average for all of us believe me I would.
Above the national average of what?
The nation
The average reported salary for delivery drivers.
Thanks. I thought they referring to salaries overall which didn't pass the sniff test.
For that job, obviously
It wasn't obvious as "Amazon" has a lot of jobs and these drivers aren't even employed by Amazon in the first place.
Amazon has lots of jobs, yes. But context is king.
If I say “Developers stay at Facebook because Meta pays them above average”, will you be confused on who is “them” because Meta has many jobs? Will you think that maybe they’re saying that Meta pays janitors above average?
It’s not a difficult thing to understand by context.
Again, these drivers aren't even Amazon employees, so yes it is confusing when someone says something as vague as "Amazon pays above the national average" when discussing people who specifically don't work for Amazon.
Shit