Launch Bold Employee Retention Programs That Work: Avoid Copycat HR

Visier

Prove the retention problem. To do this, begin by looking at general trends for turnover and resignation patterns. A good rule of thumb is that if you are seeing increases in turnover of over 3-5%, then you have a trend that indicates a problem.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). Here are the steps to achieving this: Identify your Retention Problem.

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Engage to increase retention

CultureAmp

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.

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. 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?

Engage to increase retention

CultureAmp

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.

How to Spend More Time on Your HR Strategy

Insperity

Recruiting and training new people makes turnover expensive so less turnover saves money, time and frustration. A savvy HR department can implement a variety of strategies for everything from recruiting (for example, finding people who fit positions and your company culture) to retention ( developing motivation and reward programs ) and conflict resolution (making people happier and keeping you out of hot water).

Measuring Employee Satisfaction Through Voluntary Turnover

Benefit One USA

Although there’s no such thing as the “perfect job” (or the perfect employer, for that matter), odds are that high turnover means there’s an issue in one or more of these areas. As managers, it’s our responsibility to keep on top of these trends to ensure maximum satisfaction and, consequently, high retention as well. Based on trends measured by CompData surveys, the gap in voluntary turnover from one area to the next can be quite significant.

Using people analytics to improve health care performance

Bersin with Deloitte

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Analytics Data analytics health care Retention Turnover

How to Calculate Employee Retention Rate

Surlet

Knowing your employee retention rate is critical to understanding if employees are engaged -- or getting ready to leave. In the most basic terms, your employee retention rate is the percentage of what the Bureau of Labor Statistics calls the “separation rate.” You can do this calculation fairly simply -- but what does that employee retention rate mean for your business? What is a Good Employee Retention Rate? Employee Retention Rate by Industry.

Using people analytics to improve health care performance

HR Times

Health care providers tend to lag other industries in the adoption of new business processes and technologies, and we find this to be consistent in the industry’s use of big data and analytics to improve organization performance. Posted by Brian Augustian on August 18, 2017.

The 7 Best Employee Retention Ideas We’ve Ever Seen

ForUsAll

Employee turnover is a frustrating problem. Employee turnover is a really difficult problem to fix, too. Employee turnover isn’t an unsolvable problem. Read on to learn about the 7 best employee retention ideas we’ve ever seen. Employee Retention

3 Factors Strongly Linked to Better Employee Retention, According to 32 Million LinkedIn Profiles

Linkedin Talent Blog

So we applied the same calculation to the world of employee retention to see the odds of someone staying at a company — and we found three factors that are strongly linked to better retention. We looked at 32 million LinkedIn profiles to produce our own “retention curve.”

6 Surprising Data Points About Recognition

WorkHuman

The response, “more recognition than 12 months ago” rose 9% from 2013 to 2015. Interestingly, the report notes that a goal of increasing retention and decreasing turnover through recognition rose to 51% last year. 6 Surprising Data Points About Recognition Click To Tweet.

Data 139

The Recognition Landscape Isn’t Changing Much

China Gorman

Recognition programs are vital tools in an organization’s total rewards strategy, but beyond the knowledge that “recognizing employees is a good thing to do” we can look to data that back up recognition programs as an important part of an organization’s culture.

The Employee Recognition Landscape is Changing

China Gorman

Namely, that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. In 2013 and 2012, the SHRM/Globoforce surveys identified employee engagement and succession planning as the topmost HR concerns.

Measuring the ROI of HR Programs is Critical: Here’s How Patagonia Does It

UpstartHR

Patagonia Case Study: On-Site Child Care Check out the data below, emphasis mine on the key data point. Although this benefit has remained consistent since 2013, it decreased significantly from 32% in 2012. Dig into the data. General Benefits Case Study Data Metrics ROI

How Google Used Data to Validate the Impact of Good Managers

i4cp

"At Google, we strive for all people decisions to be informed by data and analytics," says Kathryn Dekas, people analytics manager. are made with data behind them. Next comes insight taken from the data analysis, which is then leveraged to drive change in the company.

The Best Way to Prove the Worth of the Talent Function

Visier

However, new survey data released by Harvard Business Review Analytic Services reveals that reality falls far short of this objective for HR leadership. This approach requires a rapid, multi-dimensional analysis of all current employee data.

CHRO 322

Survey: 93% of Managers Need Training on Coaching Employees

WorkHuman

To recap, here are the four findings and their respective posts: The top three workforce management challenges faced by organizations today are retention/turnover, engagement, and recruitment. ( The Proven Links Between Retention and Employee Experience ).

Surprise! Survey Shows How Employee Recognition Landscape is Changing

TLNT: The Business of HR

It’s that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. In 2013 and 2012, the SHRM/Globoforce surveys identified employee engagement and succession planning as the top HR concerns.

What WorldatWork Revealed About Employee Recognition Programs

Kazoo

Employee recognition programs, financial wellness, employee fitness, work/life balance, compensation, and career development — all of these aspects of total rewards must be customized and prioritized in order to see success in performance management and retention.

The Employee Experience Survey: A Smart Business Tool

Kazoo

You can look at side effects: turnover, how many users are engaged with an employee experience platform , absenteeism or participation in corporate programs or events. Are you looking to retain top talent, boost productivity or improve your employer brand?

Tools 130

Using people analytics to get to High-Impact HR

HR Times

Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital. Delivering high impact—Start with believable data. Deliver data that matters to the business.

Beyond wondering about the gig economy to preparing to lead it. Five observations.

Bersin with Deloitte

What data sets can, and should, we use to explore the demographics and economic impacts of the gig or alternative workforce? As such, we need to rethink how we track and leverage data on employment so that our research keeps pace with our lived reality.

Trends 161

5 Ways Employee Recognition Software Pays for Itself

Kazoo

So whether you are trying to help employees meet a sales goal, reduce turnover, increase participation in a wellness program, or just make employees feel more appreciated — Kazoo’s software has demonstrated that it can provide value. Employee Recognition Software Cuts Turnover Cost.

Enhance Healthcare & Quality Patient Satisfaction Via Employee Engagement

Kea

For this, employee engagement and retention needs to be the top priorities for HR. Such high turnover rates have huge repercussions for the healthcare sector, not all of which is financial. Estimated losses run at over $200,000 for physician turnover and up to $58,400 for nurse turnover, according to reports by BE Smith and NSI Nursing Solution. Patient retention matters to hospitals, in order to establishing credibility and enhance revenue generation.

Employee Engagement in Healthcare: 5 Facts You Need to Know

Bonfyre

This is because the signifiers of engagement are consistent across industries–higher productivity, job satisfaction, retention, profit margins, and more. Its study observes that because employee engagement in healthcare trends higher than global norms, any goals or benchmarks set to raise these scores must reflect this data. When measuring employee engagement in healthcare, it’s critical that realistic, data-informed criteria directs your goals. turnover.

Why We Need Retail Employee Engagement Now More Than Ever

Bonfyre

Retail turnover is breaking records–bad ones. Retention is a commonly accepted signifier of employee engagement , but in retail a high turnover rate is expected. However, retail turnover has been trending upwards as of late. Turnover is turning skilled employees away.

Best Employee Engagement App for Improving Company Culture

Kazoo

Lower Turnover. This is an excellent start, but doesn’t always give actionable data. It’s brilliantly simple, yet ingenious the way that you can pull data, stats, and just about any numbers that you would care about.

Using people analytics to get to High-Impact HR

HR Times

Driving revenue in new and existing channels by mixing labor data with customer and pricing data to enhance the development and deployment of human capital. Delivering high impact—Start with believable data. Deliver data that matters to the business.

KPIs Alone Will Not Fix The Diversity Problem

SuccessFactors

We know bias in business undermines employee commitment, performance, and retention. In our own business, a dedicated team launched Autism@Work in 2013—our industry-leading program. We also take a data-driven approach to the analysis of pay discrepancy.

The Art and Science of Coaching

WorkHuman

People at Google love data. This initiative is highlighted in a 2013 Harvard Business Review piece by David A. Project Oxygen conducted an in-depth study of Google’s managers and found that the highest performing managers have less turnover on their teams and happier employees.

The State Of Employee Engagement In 2016 [INFOGRAPHIC]

SuccessFactors

We’re publishing that data starting today. Many times when you’re reading an HR article on Forbes or some similar publication, you’ll see a reference to a study about employee engagement that’s a few years old (it’s usually Gallup’s state of the American workplace from 2013).

Corporate click-bait: How to get (and keep) the attention of your organization

Bersin with Deloitte

Consider how these six shifts can factor into creating a modern, effective communication strategy for your organization: Analytics-driven communications – When employee data is readily available, it can be used to tailor communications to the audience. Data-driven communication analytics makes it possible to reach people with the right messages in the right format at the right time—when they’re most likely to be available and receptive.

The Holiday PTO Trap: Use This Scientific Method to Avoid Employee Burnout

Visier

In fact, American workers permanently lost 169 million days of earned PTO in 2013, according to a report conducted for the U.S. This can lead to burnout, a decrease in morale, and increased turnover risks. What we discovered from the data.

Overcoming the Manager Divide: How HR can Accelerate the Path to Gender Pay Equity

Visier

Similarly, a 2013 survey performed by the Pew Research Center found that: 42% of working mothers had reduced their work hours to care for a child or other family member at some point in their working life, compared with 28% of working fathers.

Talent Analytics: A Crystal Ball For Your Workforce?

TalentCulture

We’ve been listening to the buzz around Big Data and Talent Analytics for a couple of years now. It has been nearly three years to the day that I wrote about why Big Data is HR’s new BFF. What can we do to reduce that turnover?