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.