article thumbnail

5 Hiring and Retention Strategies for Healthcare | ClearCompany

ClearCompany HRM

Hospitals see an incredible 100% turnover every five years and lose as much as $9 million annually due to turnover. We’ll also look at winning strategies health systems use for hiring and retention. Did you know hospitals see 100% employee turnover every 5 years? Today, it remains higher than pre-pandemic levels.

article thumbnail

Predictive analytics: why it matters for employee retention

Workable

In an era where businesses face relentless challenges of retaining top talent, the strategic deployment of predictive analytics emerges as a crucial tool in the HR arsenal. This technology not only forecasts potential employee turnover but also provides actionable insights, enabling companies to proactively address retention challenges.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Importance of Construction Workforce Planning | ClearCompany

ClearCompany HRM

Solid strategies for construction workforce planning and management can help you navigate the labor shortage and operate as efficiently as possible. These strategies even play a role in keeping projects on schedule, avoiding cost overruns, and maintaining quality standards. In the construction industry, talent is key.

article thumbnail

What is employee recruitment? Stages, channels, and strategies

Achievers

Most companies make some effort to align recruitment with anticipated needs, develop a sizable talent pool, and position their organization as an attractive place for candidates to join. Effective employee recruitment requires developing and implementing strategies to entice suitable candidates to join your company.

article thumbnail

Two Sides of the Same Coin: Recruiting & Retention

Speaker: Caitlin MacGregor, CEO and Co-Founder of Plum

Authentic employer branding is reflected in recruitment and retention efforts. Failing to modernize an organization’s approach to attracting and retaining talent by focusing on candidate and employee experiences could result in quiet quitting, turnover, vacancies, and lost opportunities that have the potential to impact overall profitability.

article thumbnail

Employee Retention: 12 Strategies to Retain Your Top Talent

FingerCheck

So, how do you make sure your top talent sticks around? A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? What Are the Benefits of Employee Retention?

article thumbnail

How New York Life reduced employee turnover

HR Brew

As the competition for talent remains fierce, HR pros should consider the elements of a successful recruitment and retention strategy. The insurance company’s employee turnover rate was 7% in 2023, compared to 10% in 2022, she told HR Brew. The average turnover rate in US businesses was 17.3%

article thumbnail

Living Your Brand Promise in Your Employee Experience

Speaker: Kathy Steele, CEO, Red Caffeine

Unemployment is low, competition for talent is high and losing a good employee is very costly. According to a 2018 Retention report released by Work Institute, an estimated one in four employees voluntarily left jobs in 2018, but 75% of that turnover could be prevented by employers. So what makes employees stay? AM PST, 12.30

article thumbnail

Employee Wellbeing & DEI: Supporting Inclusivity Throughout the Employee Life Cycle

Speaker: Catherine Mattice - Culture Consultant, Business Coach, Strategic HR Expert

Employees go through a variety of experiences from the day they start at an organization to the day they leave an organization. These experiences influence their behavior, productivity, and dedication to the organization. Incorporate inclusive strategies into the recruitment process, such as recruiting diverse candidates.