CCI Consulting
AUGUST 21, 2023
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.
Visier
NOVEMBER 26, 2015
Consider the following: The Bureau of Labor Statistics has projected the need for 525,000 replacement nurses in the workforce by 2022, with a shortage of registered nurses projected to spread across the country between 2009 and 2030. Here’s how: Step 1- Assess your current turnover and recruitment dynamics.
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Cielo HR Leader
NOVEMBER 7, 2014
In light of health reform, newfound access to care, a rise in voluntary turnover (in turn, intensifying competition for top nursing talent) and an aging nursing population, the often hinted at “critical nursing shortage” is a harsh reality for many healthcare organizations – both in the U.S. Voluntary turnover among nurses is on the rise.
Semos Cloud
JULY 14, 2022
As Baby Boomers have started and will complete their transfer to retirement in the upcoming ten years, newer generations are taking more and more space in the workforce. Companies need their employees to trust them as a lack of trust is related to poor retention rates. Benefit 2: Increased employee engagement.
HR Management
JULY 9, 2018
Research has shown that these techniques lead to higher job satisfaction, better job performance, greater commitment to the organization, and reduced turnover. Companies who implement an effective onboarding program during the first three months of new-hire employment experience 31 percent less turnover than those who don’t” Aberdeen Group.
HRExecutive
JANUARY 27, 2020
A few months later, Lincoln announced it would accept $950 million in capital as part of the government’s $700 billion Troubled Asset Relief Program (TARP), made a public offering of $600 million of common stock and sold Lincoln National plc, its United Kingdom unit that sold life insurance and retirement-income products. Advertisement.
Empxtrack
FEBRUARY 20, 2018
The above conversation highlights the need of a good employee retention plan. On the other hand, the cost of employee turnover is immensely high. Running these thoughts in mind would surely get plethora of great retention ideas. A feeling of being appreciated and valued results in low turnover rate. Let’s get started.
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