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Active Performance Management & Employee Retention | ClearCompany

ClearCompany HRM

Driving employee retention remains a top priority for HR teams as the Great Resignation and hiring challenges continue. Gallup recently reported on the steady dip in employee engagement that’s undoubtedly driving some of this employee turnover. So how can your HR team use this knowledge to drive better employee retention strategies ?

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Mind-Blowing Statistics on Performance Management, Reviews, and Employee Engagement

ClearCompany HRM

Employee engagement and performance management statistics — and in particular, data around performance reviews — are essentially inseparable. For example, performance review statistics show that more frequent reviews and feedback lead to an increase in employee engagement. Employee Engagement Statistics.

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Top 4 Performance Management Trends of 2023 | ClearCompany

ClearCompany HRM

This post was originally published in January 2021 and updated to reflect the latest performance management trends in March 2023. Several weeks into 2023, we have some hindsight on performance management trends in 2022 and a good idea of what to expect this year. It expands your employees’ knowledge base.

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Unlock business results: the power of employee performance management

Achievers

Here’s where employee performance management enters in – a crucial aspect of improving business performance. Key takeaways Employee performance management is a process of setting and tracking employee goals, evaluating performance, and recognizing contributions made. What is employee performance management?

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

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Using the 9-Box Grid Performance Management Strategy | ClearCompany

ClearCompany HRM

Without them, you’re at risk of disengagement and turnover among your workforce: 63% of people who recently left a job say a lack of opportunities played a role in their decision to leave. Up or out grinders: Grinders can become workhorses (or even core players) with a performance improvement plan or additional resources.

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What Makes a Good Performance Management System for HR?

ClearCompany HRM

Technology has quickly become a necessity for handling every function of HR, including performance management. If you’re part of the majority of HR professionals upgrading your team’s software tools, consider adding performance management software to the toolkit. via Gallup).