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Nintendo's 98% staff retention rate means the average employee has been there 15 years [Fortune]
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The markets: Mostly up. Plus: All the news and watercooler chat from Fortune Good morning. When experienced employees leave–whether they get laid off, or jump ship for a better opportunity–they take their years, if not decades, of knowledge with them. Over time, the company loses that institutional knowledge. But what happens when a company excels at keeping its workers? Nintendo , the Japanese video game giant, is an example. Its Japanese employees spend an average of 15 years at the company, which boasts a yearly retention rate of 98%. That's not just better than the layoff-prone video game industry, it's better than most of Japan. The average Japanese worker spends 11 years at their company; in the U.S., that number is closer to four. Recommended Video “The people who first made Nintendo's hits are still working at the company,” Keza MacDonald, the author of Super Nintendo, a forthcoming book about the developer, told me recently. “For the last 50 years, these people h
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