article thumbnail

The Millennial Turnover Problem in the Financial Services Industry

Hppy

The phrase “churn and burn” is commonly used to describe an industry’s high turnover rate. percent turnover rate , which is one of the highest among all industries. While many factors that play a role into this large turnover rate, looking deeper into the data isolates one glaring disruptor – millennials.

Industry 135
article thumbnail

Driving me crazy: How bad commutes affect employee retention

Achievers

When we think about the issues that most affect employee happiness and turnover, we often overlook a major factor that actually takes place outside the office: the quality and length of an employee’s commute. The post Driving me crazy: How bad commutes affect employee retention appeared first on The Employee Success Blog.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Companies Identify Talent with Janine Nicole Dennis & Kage Spatz

Thrive Global

As a part of my HR Strategy Series, I’m talking to top experts in the field to teach prospects what hiring managers are actually looking for, while also supporting business leaders in their hiring and retention strategies. I was hooked after my first course and went full speed ahead pursuing a career in Human Resources in 2005.

article thumbnail

How to Measure the ROI on Employee Experience Initiatives

Empuls

💡 According to Forbes , the stock prices of Fortune’s 100 Best Companies to Work For list rose 14% per year from 1998 to 2005, while companies not on the list increased their stock price by an average of just 6%.  Post their new program, the company’s retention rates shot up and is currently above the 90% mark.

article thumbnail

Looking Ahead: The Biggest HR Trends in 2020

HR Digest

The number of people who work from home has increased by 140% since 2005. Companies allowing remote work have 25% lower employee turnover than those that don’t. Retention and engagement. Also, 76% of workers are willing to stay in their current jobs if they are offered flexible hours.

HR Trends 105
article thumbnail

Succession Planning: A Full Guide

Analytics in HR

These two approaches should be integrated with each other to maximize the retention of key talent and to ensure relevant development efforts from a succession perspective. This succession planning model is an adaptation from Groves (2005) , who proposed an integrated leadership development and succession planning model.

article thumbnail

Succession Planning: Essential Guide for HR

Analytics in HR

This leads to higher turnover in very vital positions for companies,” notes Dunlap. The succession planning model depicted below is an adaptation of Groves (2005) , who proposed an integrated leadership development and succession planning model. Turnover in the leadership talent group is less disruptive but still very costly.