TALENT ACQUISITION AND RETENTION
CDL had 61 new hires in 2020, a decrease in the number of new hires by 25.6%. Out of the 61 new hires, 59 were replacements for existing positions and two were for newly-created positions.
EMPLOYEE DEMOGRAPHICS – NEW HIRES
CDL takes pride that our successful employee engagement is evident from our employees’ length of service. The average tenure of our employees is about 8.8 years, and more than 54% of our employees have been with CDL for more than five years. Our employee resignation rate of 7% continued to remain significantly lower than the national average of 18% in 2020. CDL experienced an involuntary turnover rate of about 4.1%, of which 1.2% is due to retirement.
EMPLOYEE RESIGNATION RATE (%)
|14 Extrapolated from MOM’s website.|