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How to Solve Hiring Problems in Manufacturing with Employee Recognition

Semos Cloud

In this blog post, we’re going to talk about the impact of employee recognition on retention and talent attraction. After the 2008 recession, the trade deficit skyrocketed and the number of blue-collar workers fell from 24.6 The situation will only worsen because of older professionals’ retirement rates. million in 2010.

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6 Effective Tips & Resources to Help HR Prepare for a Recession

Bonusly

According to a Gartner research report on planning for economic uncertainty,organizations that anticipated the future and developed comprehensive action plans before the turns (2008-09 recession), were rewarded with sustained advantage over their competitors over the last eight years. Evaluate expenses carefully. Focus on employee engagement.

Resources 105
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Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

First, some facts about employee turnover: The 2021 quit rate is consistent with other post-recession data (i.e., a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal. 

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What Is Employee Turnover (and Why It Matters)

Zenefits

At some point, if your business is more than one person, you’re likely to deal with employee turnover. In this article we walk the basics of employee turnover, including how to calculate it, industry benchmarks, and how we can use turnover rates to better understand business or economies at large. percent per month.

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Why You Need a New Strategy for Retaining Female Talent

Cornerstone On Demand

While many business leaders look to the economy for trends and forecasts — closely following any promising signs as we recover from the 2008 crisis — there's another change brewing right under their noses. ROWE-type policies can help with turnover caused by work-life conflict, one of which is family burdens.

Strategy 170
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How Predictions of a Recession Impact Talent Strategy

Slayton Search Partners

experienced in 2008. In our recent executive survey , we discovered that 72% of senior leaders were considering a job change in 2023, and in many sectors, C-suite turnover is ballooning. How Leaders Are Responding The pandemic and post-pandemic approach to talent acquisition and retention was generous, to say the least.

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4 Reasons Employees Are Quitting Post-COVID-19

Best Money Moves

Here are 4 leading causes spurring employee turnover. But the problem of compensation can be traced further back, before even the 2008 financial crisis. Many employees now look in toward the future, anxious about contingency costs, or inevitables like long-term care and retirement. .