At some point, if your business is more than one person, you’re likely to deal with employee turnover. What Is Employee Turnover? A common definition of employee turnover is the loss of talent in the workforce over time. How Does the US BLS Calculate Turnover? MORE

Our data further suggest that larger corporations on average rehire 10-15% of their laid off employees. While there is no easy answer, one solution is to embrace a redeployment strategy—and not just as part of a redundancy process, but as part of a larger talent retention strategy. MORE

1] For these reasons and more, employee turnover can present a serious obstacle to an organization’s success. Thankfully, there are actions you can take that have been proven to improve retention. 6] Of course, some sectors may have naturally higher turnover rates than others. MORE

According to Google Trends, the search term “people analytics” was almost nonexistent until about 2008. It’s the use of people-related data, from a range of sources, to guide strategic decision-making throughout an organization. The progression looks like this: Data collection; people analytics; data-driven decision-making; improvement in employee hiring, development, and engagement; improved workforce productivity; return on investment; competitive advantage. MORE

ManpowerGroup data shows that 40% of employers have difficulty in filling positions today. They focused on delivering a personalized and affordable-in-a-crisis quality product. Learning as a data-driven tool to fight the talent shortage. MORE

Ethically minded consumers, anti-globalists, and informed investors are not just concerned with whether a product or service is good; they also want to know how any company they partner with is publicly perceived. The adverse impact associated with negligent hiring and retention, especially as the result of a less than thorough and legally compliant background screen, can devastate a company. In today’s society, a company’s reputation can make or break its business. MORE

Since partnering with The Table Group in 2008, he has worked with leaders to positively impact their organizations in both their bottom-line results and their organizational culture. Her methods result in improved employee retention, productivity, and a strong sense of belonging at work. MORE

After years of American economic growth in the wake of the 2008 housing market crash, experts are increasingly worried that another downturn looms on the horizon. MORE

1] For these reasons and more, employee turnover can present a serious obstacle to an organization’s success. Thankfully, there are actions you can take that have been proven to improve retention. 6] Of course, some sectors may have naturally higher turnover rates than others. MORE

The high first year turnover experienced in many, many organisations isn’t usually down to poor selection, it’s about everything else that’s going on instead. Induction Reports: Measure global metrics on HR productivity and key performance benchmarks. ► 2008. MORE

For Reneé Maxwell, employee retention, successful training and development, and internal promotability stand out as key signifiers of employee engagement. The classic sense is that happy workers make productive and financially successful organizations. When you get into the details of it, for us employee engagement is a reflection of retention, promotability, and advancement. Happy workers are great and you have lower turnover, but what are we doing with it? MORE

Is it just me, or does it feel like everyone is reporting on the Bureau of Labor Statistics (BLS) data that shows that more and more employees are quitting their jobs? The reports say that the number of voluntary terminations is at a level not seen since 2008 [i]. MORE

Recently, the Department of Labor reported that turnover is now at its highest level since 2008. Because a lot of executives don’t realize the tremendous cost of turnover: (e.g. And, the cost of each employee who walks out the door is $100,000 worth of product. MORE

Talent management touches on all key HR areas, from hiring to onboarding and from performance management to retention. A good example is unwanted turnover. This can be achieved through better branding, better retention, better selection, et cetera. Another example is HR data analytics expertise to make sure you get the most out of your existing population. An example of reputation gone wrong is the banking sector in recent years, especially after the 2008 crash. MORE

When Lisa Bettinger Buckingham took the HR reigns at Lincoln Financial Group in December 2008, the financial-services industry was struggling to survive a global economic crisis that many economists today believe brought the world to the brink of a second Great Depression. At Lincoln Financial, four measures comprise its “engagement index”—passion, effort, advocacy and retention. Lincoln employs a number of avenues for gathering culture-related data. MORE

The Department of Labor reports that employee turnover is now at its highest level since 2008. However, it’s a fact that most corporations spend more time on product inventory turnover than they do on employee turnover, even though employee turnover often has a much higher impact. MORE

Companies that fail to successfully integrate the new company into the existing culture can expect to see high turnover and low retention rates, missed targets, and poor performance , which will in turn affect the quality of the product or service they provide their customers. MORE