TALENT ACQUISITION AND RETENTION
New Hires – CDL had 66 new hires in 2021, an increase in the number of new hires from 2020 by 8.2%. Out of the new hires, 65 were replacements for existing positions and one was for a newly-created position.
EMPLOYEE DEMOGRAPHICS – NEW HIRES
Employee Retention – Our successful employee engagement is evident from our employees’ length of service. The average tenure of our employees is about 8.7 years and more than 51% of our employees have been with CDL for more than five years. Our employee resignation rate of 14% continued to remain significantly lower than the national average of 19.2% in 2021. CDL experienced an involuntary turnover rate of about 4.7%, of which 1.7% is due to retirement.
EMPLOYEE RESIGNATION RATE (%)
| 9 | Computation of annual employee turnover is based on cumulative monthly attrition rate derived from the number of resignations for the month divided by the headcount for the month. |
| 10 | Extrapolated from MOM’s website as Q4 2021 national resignation rate was not available at the time of publication. |