HR Digest

DECEMBER 2, 2023

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

Strategy 96

Strategy Retention and Turnover Planning Tools Onboarding Software 96

DailyPay

MAY 19, 2023

Learn How Companies Use Earned Wage Access To Empower Employees and Lead Their Industries Companies are turning to earned wage access through DailyPay to improve employee retention and attract employees.

Staffing Software 52

Staffing Software Wellness eBook Retention and Turnover 52

Payactiv

JULY 18, 2023

Employers need to craft an employee benefits package that will catch the eye of hard-to-find QSR workers. Like many industries, QSR operators are feeling the impact of an ongoing labor shortage coupled with high turnover rates. It’s not surprising that the industry has a high turnover rate.

Staffing Software 52

Staffing Software Hiring Software Recruiting Software Onboarding Software 52

Peoplebox

MAY 20, 2024

Losing employees can cost you anywhere from 50% to 200% of the employee’s annual salary once you take into account recruitment, onboarding, and training costs as well as lost productivity during this period. Why Does Employee Retention Matter? Top Reasons Why Employees Leave Jobs What causes high turnover?

Retention and Turnover 52

Retention and Turnover Hiring Software Interview Software Onboarding Software 52

6Q

JUNE 4, 2023

So, when employees are leaving the organisation in droves, it becomes a major cause for concern. A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company.

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

PeopleStrategy

JUNE 19, 2019

Turnover is a reality of every business. While periodic change can be beneficial to growth, unexpected or constant turnover is a serious problem. Today, we’ll explore three ways to help cut down on turnover and examine how they can bolster your bottom line. Meet staff demands for new benefits.

Retention and Turnover 100

Retention and Turnover HR Planning Employee Benefits Survey 100

Payactiv

MARCH 28, 2022

Learn more about the four big benefits of offering earned wage access to your call center employees. 40% of American customers stopped doing business with a company after a poor customer service experience according to one study. The average call center turnover rate averages between 30% to 45%. Download eBook.

Industry 52

Industry Wage and Hour Training Bonuses and Incentives Hiring Software 52

Peoplebox

MAY 1, 2024

3 to 4 million employees quit every month in the United States. Though this number will change based on what industry you’re looking at employee turnover is at a general all-time high gradually increasing by the year. It’s clear that employees still care and yet the rate of quitting gets higher by the year.

Hiring Software 52

Hiring Software Retention and Turnover Strategy Talent Experience 52

Peoplebox

MAY 1, 2024

3 to 4 million employees quit every month in the United States. Though this number will change based on what industry you’re looking at, employee turnover is at a general all-time high, gradually increasing by the year. It’s clear that employees still care, and yet the rate of quitting gets higher by the year.

Hiring Software 52

Hiring Software Retention and Turnover Strategy Talent Experience 52

DailyPay

APRIL 6, 2023

This understanding is at the core of any successful employee retention strategy. A successful employee retention strategy will include various methods to increase a company’s yearly retention rate, such as improving employee morale, financial wellness and engagement.

Retention and Turnover 52

Retention and Turnover Strategy Wage and Hour Training Hiring Software 52

Extensis

JANUARY 23, 2023

Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why. Therefore, one of the most recognized advantages of partnering with a PEO is access to premium benefits at a lower cost.

Study 97

Study Hiring Software Trends HR Software 97

UpstartHR

SEPTEMBER 3, 2019

As someone who has worked in the HR profession, I know well the full value of stories, examples, and case studies. While much of the work we do at Lighthouse Research & Advisory focuses on quantitative research studies, we do a fair amount of qualitative research as well. Chipotle: How Internal Mobility Reduced Turnover by 64%.

Case Study 100

Case Study Study Analytics Recruiting Software 100

Analytics in HR

FEBRUARY 10, 2023

The types of employee benefits an organization provides carry weight in today’s employment market. Compensation on its own is not enough to engage employees and attract job seekers who now expect more comprehensive rewards for their work. Contents What are employee benefits? Why are employee benefits important?

Employee Benefits 113

Employee Benefits HR Software Planning Tools Wage and Hour Training 113

Analytics in HR

MARCH 16, 2023

Talent development and retention An Employee Benefits News study shows that the average cost of losing talent is 33% of a company’s annual revenue. If you want to develop and retain employees, it’s important to balance the career aspirations of the employee with the short and long-term goals of the business.

HR Software 115

HR Software Strategy Hiring Software Recruiting Software 115

Business Management Daily

APRIL 25, 2023

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Why has finding and holding onto talented employees become so complicated? Why are referrals so great? Why is that?

Talent Experience 105

Talent Experience Hiring Software Wage and Hour Training Onboarding Software 105

Payactiv

APRIL 29, 2024

Understanding the Positive Impact of Employee Wellness Programs Poor physical, mental, emotional, and financial health affects employees and their behaviors on multiple levels. A Gallup study found that companies with a critical mass of engaged employees generally outperform their competition.

Employee Benefits 52

Employee Benefits PayActiv Wellness Hiring Software 52

Extensis

APRIL 6, 2023

Quick look: National Employee Benefits Day occurs each April and brings awareness to the importance of offering a strong employee benefits package. However, to make the most impact, SMB employers should carefully monitor benefits trends and their workforce’s needs year-round. Employee benefits are a big deal.

Employee Benefits 52

Employee Benefits Hiring Software Harassment Planning Tools 52

Workify

SEPTEMBER 23, 2022

Indeed, this has been one of the key influencers of employee turnover during the Great Resignation. A recent study found that 43% of respondents cited insufficient benefits as a reason they left a job during this period. This is where employee benefits surveys can help. Why Perform a Survey on Benefits?

Employee Benefits 52

Employee Benefits Survey How To Retention and Turnover 52

Achievers

JANUARY 19, 2021

Having a culture strategy in place will provide employees greater clarity and focus, resulting in stronger productivity and business results. . According to a Grant Thornton LLP and Oxford Economics study , executives who say their culture is extremely healthy are 1.5 It is well understood that a high employee turnover is costly.

Retention and Turnover 321

Retention and Turnover Employee Engagement Employee Recognition Study 321

Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Improve employee benefits offerings.

Wage and Hour Training 119

Wage and Hour Training Strategy Hiring Software Retention and Turnover 119

Analytics in HR

JUNE 11, 2024

What are the benefits of performance enablement? Employee benefits Skills development: Performance enablement makes it easier for employees to develop their professional skills to meet their targets. These include tracking overall productivity, goal achievement, employee engagement, and retention rates.

Examples 57

Examples Assessment Software HR Software Retention and Turnover 57

Payactiv

JANUARY 12, 2021

Known for its redheaded girl logo, square burgers, and Frosty drinks, Wendy’s franchise is one of the top fast food chains in America; however, like the rest of the QSR industry, it also struggles with employee turnover rates as high as 130%.Offering It costs a lot of money to constantly recruit and train new employees.

PayActiv 52

PayActiv Hiring Software Onboarding Software Recruiting Software 52

Zenefits

AUGUST 3, 2022

Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. But what benefits do employees hate ? And then some benefits are really half-baked perks. And benefits do matter.

Employee Benefits 36

Employee Benefits Retention and Turnover Retirement Benchmarking 36

HRExecutive

OCTOBER 26, 2023

After years of employers hiking salaries to keep talent in a tough labor market, a new study suggests across-the-board pay raises may not be in the cards at many organizations in 2024. However, the research comes on the heels of another study by WorldatWork that found a slowing in salary increase budgets: from 4.4% in 2023 to 4.1%

Retention and Turnover 104

Retention and Turnover Survey Study Productivity 104

Hppy

AUGUST 18, 2017

The constant turnover of millennial workers is both tiring and expensive for company hiring managers. This is due to the cost of the base salary plus recruiting costs, taxes, employee benefits and the physical equipment required for each new employee. Millennials: the dominant generation in the U.S.

Hiring Software 130

Hiring Software Retention and Turnover How To Planning Tools 130

Vantage Circle

FEBRUARY 15, 2020

The cost of Employee Turnover goes farther than it appears. Employee retention, therefore, is the top priority of HR managers everywhere. The simplest way to manage turnover is to develop a plan to make employees stay. Studies and surveys have revealed some common drivers of retention.

Retention and Turnover 59

Retention and Turnover Hiring Software HR Planning Planning Tools 59

Analytics in HR

JULY 31, 2023

In HR strategic planning, the HR department works closely with the management team and business leaders to study current and future staffing requirements, determine skill gaps, and enforce HR tactics that will attract, grow and retain the most talented individuals. These are the HRM outcomes.

HR Planning 59

HR Planning Resources Hiring Software Onboarding Software 59

Precheck

JUNE 13, 2022

This not only creates persistent turnover and retention issues for employers, but also indicates persistent employee concerns that companies must address head-on. Individual organizations should seek a thorough understanding of the specific reasons why their individual employees are leaving their jobs.

Retention and Turnover 105

Retention and Turnover Hiring Software Onboarding Software Planning Tools 105

Cisive

JUNE 13, 2022

This not only creates persistent turnover and retention issues for employers, but also indicates persistent employee concerns that companies must address head-on. Individual organizations should seek a thorough understanding of the specific reasons why their individual employees are leaving their jobs.

Retention and Turnover 106

Retention and Turnover Hiring Software Onboarding Software Planning Tools 106

Empuls

APRIL 28, 2023

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

Employee Benefits 40

Employee Benefits Wage and Hour Training Productivity Retirement 40

Best Money Moves

MAY 10, 2022

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. Retain and attract top talent with these 5 standout benefits. Here are the 5 best benefits to help retain and attract top talent.

Hiring Software 111

Hiring Software Planning Tools Retention and Turnover Retirement 111

Cezanne

OCTOBER 26, 2023

How HR software can identify bad managers in summary… A new study has discovered HR’s efforts to create effective staff retention strategies are being undermined by poorly trained or bad people managers. HR teams must undertake several key activities to identify bad managers harming their retention efforts.

HR Software 52

HR Software Interview Software Assessment Software Software 52

Netchex HR Blog

JUNE 7, 2023

The same study found that unused PTO added up to over 768 million vacation days that year. Unused PTO isn’t even beneficial for companies since employee burnout lowers productivity and increases turnover. Encouraging employees to use PTO can protect their mental health and reduce the misuse of sick days for unapproved vacations.

Retention and Turnover 97

Retention and Turnover Handbook HR Software Policies 97

Extensis

MAY 20, 2024

However, PEOs provide many more human resources (HR) services than just employee benefits and payroll —some of which may surprise you. In honor of the holiday, here are four PEO services you may not know exist and how they can benefit your business. million people.” This data can be used to improve recruiting operations.

Hiring Software 64

Hiring Software Recruiting Software Assessment Software Onboarding Software 64

Kevin Sheridan

JUNE 10, 2021

Employee Retention. A quarter of employees worldwide plan to quit their jobs post-COVID 1. Employee burnout and anxiety have been major reasons for employee turnover. Employee Engagement. The Four Most Effective Ways To Increase Employee Engagement: Offer consistent and ongoing recognition and praise.

Trends 109

Trends Retention and Turnover Career Development Employee Engagement 109

Homebase

JANUARY 26, 2024

Let’s explore all of the ways shift swapping can help you—and your employees. Benefits for employers Quick resolutions: Embracing shift swapping allows you to quickly fill unexpected absences or staffing shortages. This minimizes disruptions to your daily operations.

Staffing Software 40

Staffing Software Hiring Software Planning Tools Staffing 40

UKG

JUNE 4, 2021

Employee retention rates. Some noteworthy budget forecasting KPIs might include: Annual cost of employee benefits. Projected employee turnover rate. Cost of learning management and employee training programs. Some noteworthy data analysis KPIs might include: Overtime hours. Fraud detection rates.

Metrics 52

Metrics Hiring Software Staffing Software Onboarding Software 52