Remove Comparison Remove Retention and Turnover Remove Wellness Remove Workforce Planning
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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Ensuring they have the resources to do their job well can ensure HR contributes to business growth in multiple, impactful ways.

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11 top talent management metrics and KPIs to track and measure

HiBob

From recruitment and onboarding to training and development, retention programs, and succession planning, it’s important to understand what’s happening at every stage of the employee lifecycle. On the other side of the same coin, it also provides a clear indication of the cost of a high turnover rate.

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Guardian’s 11th Annual Workplace Benefits Study: An Overview of PEO Trends

Extensis

Thus, having access to extensive benefits through a PEO is crucial for recruitment and retention in order to stay competitive with larger organizations. This is in comparison to only 5 in 10 employers who aren’t PEO members. And consequently, 50% of those implementing a PEO solution are less likely to go out of business.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

Often organizations provide tools that allow employees to explore opportunities and develop plans, set goals and take action to proactively navigate their career. Succession planning with data. Having a succession plan is great, but how well do you understand the quality and strength of your plans?

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What’s a people strategy, and why do you need one?

Insperity

The purpose of any business strategy is to lay out a plan of action for how your organization will get to where it needs to be. For employers, a thoughtful and well-executed people strategy constitutes a roadmap for how you can best use your people to accomplish business goals. Why do you need a people strategy?

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Employee Attrition: Everything You Should Know

PSB

With a whopping 86 % of employees planning to resign in 2022 , the great resignation is likely to continue unabated. For better work-life balance, overall well-being, and happiness, 61% are willing to accept a lower salary or forego a pay raise or promotion. Number of Terminations/Average Headcount*100 = Turnover. 5/95 = 0.056.

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Workers are looking – and leaving – for career development

HR Morning

Surveys show that workers and employers don’t agree on how well organizations are meeting employees’ development expectations. But it’s the ongoing training that’s at the core of talent management —and of retention. And in the meantime, savings from lower turnover almost certainly outweigh the cost of offering development benefits.