Remove 2014 Remove Compliance Training Remove Retention and Turnover Remove Wellness

5 Ways to Address the Healthcare Industry’s Turnover Crisis

Fond

The healthcare job market is booming. In fact, the US unemployment rate decreased 0.2 in September 2019 , the lowest it’s been since December 1969. In 2018, the healthcare industry alone added 346,000 new jobs , outpacing every other sector for job growth. .

Predicting Employee Turnover using R

Analytics in HR

Employee turnover is a major challenge for companies today, especially when the labor market is competitive and certain skills are in high demand. When an employee leaves, not only is the productivity of that person lost, but the productivity of many others is impacted.

The No. 1 Cause of Voluntary Turnover

Cielo HR Leader

The research is in—professionals, employees and job seekers are unhappy. Well, that’s certainly the case if you believe StaffBay’s survey of 15,000 employed professionals. According to the study, 87.2% of employees hope to leave their jobs in 2014. According to the survey, trust in senior leaders has the greatest impact on organizations’ overall level of engagement. If not, who or what are the true culprits of voluntary turnover?

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

High turnover is a major concern for many organizations. In 2018, over 40 million people quit their jobs in the US compared to just 30 million in 2014. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Identify the symptoms. Diagnose the disease. Assess the prognosis. Prescribe the treatment. Identify the symptoms. Pre-turnover red flags. Diagnose the disease.

“Counteroffers work!” …and other lies about Employee Turnover

Stratus

In fact, there are a lot of turnover lies that business owners recognize as truth. That doesn’t mean that high turnover must be a way of life for businesses. But first, employers must get past the myths that may be driving employee retention to all new lows. Employee Turnover Myth #1: Counteroffers work. Truth : According to research by insights firm CEB, 50% of employees who accept your counteroffer will still depart the company within a year.

10 Surprisingly Easy Ways to Retain Your Employees

TalentCulture

Hands down, the most important investment you could possibly have in your company is your employees. Are you investing a large percentage in hiring the right employees? If so, employee retention should be your top priority. Develop an employee retention strategy. Don’t leave this to the last minute, or go into it unprepared. The best way to approach this is with your eyes open, with a plan. You picked the members of your team for a reason.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Analytics Leaders Discuss New Trends

Bersin with Deloitte

Last week I attended the Talent Analytics Leadership Roundtable hosted by Northwestern University and co-sponsored by Sears Holdings Corporation. The event included over 20 talent analytics thought leaders from companies in high tech, retail, financial services, manufacturing, and service industries - a veritable Dream Team of analytics brainpower. Here is a recap of a few key themes from the discussion. Predictive retention models: Coming to a desktop near you.

Five Strategies to Develop the Modern Manager

Achievers

Bad managers are the number one reason employees quit, but good managers have the power to drive results. Performance is 35 percent higher when teams are led by strong management; moreover, engaged employees are also much more likely to stay with the organization, reducing turnover costs. With these kinds of results on the line, who wouldn’t want to give their managers the tools they need to become great at their jobs?

7 Trends to Expect in 2015

Cielo HR Leader

As recruiters, talent acquisition professionals and leaders in HR, the importance of employee engagement, culture, job satisfaction and retention is often discussed. But with 2015 a mere blink away – if the past 365 days are any indication – morale in the years ahead cannot be an added bonus. In this week’s Talent Acquisition Fast Facts , we explore 7 current and future trends, changes and challenges that will impact the 2015 talent landscape: . 1 in 2014.

Why Employee Retention Is Important When Hiring Teachers

Spark Hire

Employee retention is a costly issue for any business, but it becomes even more prevalent within schools. A study released in April of 2015 by the National Center for Education Statistics found that 17 percent of new K-12 teachers quit in the first five years. What’s more, a July 2014 report by the Alliance for Excellent Education revealed schools lose between $1 billion and $2.2 billion annually as teachers switch schools or leave the profession entirely.

How High Employee Turnover Hurts Your Company

TalentCulture

High employee turnover hurts the business bottom line. It’s estimated that the average cost of a lost employee is 38 percent of the employee’s annual salary. Considering the average income in the U.S. When employees leave, the ripple effect can be felt throughout the company. Companies cannot prevent their employees leaving for the ubiquitous greener pastures; however, there are means and ways of preventing the inevitable.

4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

The cost of employee turnover is outrageously high. When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement. This means that if an employee is being paid $40,000 a year, the cost of everything from recruiting to training expenses will be around $20,000 to $30,000. Everything in the business world is evolving and the concept of management is not immune.

How Employee Engagement Affects Your Business’s Bottom Line

Insperity

The latter are more engaged. By developing a highly engaged workforce, you can keep the talent you have, keep your customers coming back, and keep your company in the black. With job descriptions, interviews, onboarding and training, hiring new employees can be pretty pricey. That’s why increasing retention is a top priority for most businesses. It makes sense, then, for businesses to make boosting employee engagement a pivotal part of their retention efforts.

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. If and when any of those people actually leave, the cost isn’t trivial. The hiring process takes 36 days on average. But learning how to calculate employee turnover rates, assuming certain costs with lost staff, and building a business plan that anticipates some amount of employee turnover can better prepare you and your business for voluntary terminations.

Building an Effective In-House Recruitment Team

Cielo HR Leader

More and more organizations are seeking to gain greater control over the hiring process by building specialist in-house teams to take over the work traditionally done by recruitment agencies. But can an in-house function really compete with the best external consultancies? In this issue we talk to James Ryding, International Talent Acquisition Director at the entertainment giant, NBC Universal, about why he thinks the in-house option is the future for talent sourcing.

Perspective: Why #1 Matters in Background Screening

Aurico

No matter what an employer’s needs, the right fit can be found. For employers who select the wrong background screening company, the two biggest negative consequences are lawsuits from job applicants or employees, and investigations and audits by government watchdogs. 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.

How Stay Interviews Can Reduce Employee Turnover Rates

HRsoft

According to the U.S. Bureau of Labor Statistics , four and a half years is the median amount of time employees stay with their company today. That’s a grim statistic, considering the amount of time you spend training employees. It’s even more dismal when you consider the fact that some of the employees who leave after four and a half short years may be your best performers. It begs the question: Can management do more to boost retention?

Maintain employee retention beyond the festive season

Interact-Intranet

I hope you’re enjoying the office parties with enthusiasm and reduced stress. If done right, this could gear everyone up to start the next year with a bang. Unfortunately, the holidays don’t usually play out like that. Blame it on the expenses, blame it on family fights, blame it on the overindulgence of too much food and alcohol. The question of how to maintain employee retention into the New Year is high on the board agenda.

Using Compensation Planning to Improve Engagement & Retention

HRsoft

Improving employee engagement is a major priority for today’s organizations, and for good reason: companies generate 2x the amount of revenue when their employees are engaged, according to Entrepreneur. How Can Compensation Planning Help Improve Engagement & Retention? Disengaged employees are less motivated, less productive and over time, are more likely to leave the company for better opportunities elsewhere, thus creating high turnover rates.

Could employees and companies benefit from a digital detox?

HR Morning

For busy HR pros, the idea of a digital detox may seem as out of reach as winning the lottery. Technology has transformed the way companies and their employees operate every day. Here, we explore the growing concept of the “digital detox.”

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. The good news? A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Fact or hype: Do predictive workforce analytics actually work?

Visier

At Visier the security and privacy of our customer data is our highest priority. When determining the validity of our predictive analytics capabilities, customer data analyzed was anonymized. Many HR software vendors talk the talk of predicting “at risk employees,” but how many can prove they walk the walk… and that their predictions actually work? So, how can you ensure a vendor’s claim to predict employee retention risks is valid? The key word is correctly.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

As a tech company, we experience first hand the challenges faced by HR and business leaders in the hyper-competitive tech talent market. While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. The good news? A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

The Rise of Parental Leave

Everwise

Parental leave policies in corporate America have grown and evolved substantially over the last decade. With the new values and priorities of an increasingly millennial workforce, this is an area where large employers are making an effort to impress. Leading companies such as Twitter, Microsoft, Amazon, Netflix, Facebook, Google, and Etsy are broadening the umbrella of who can be covered under these policies, how long leave can be, and which other side benefits accompany it.

5 Things Keeping Financial Services HR Teams Up at Night

Cornerstone On Demand

It's an extremely challenging time to be holding the reins of an HR team at a financial services institution, with 45 percent of senior executives revealing their companies are hit by cyber attacks as often as on an hourly basis.

How Companies Can Effectively Build Their Leadership Pipelines

TalentCulture

The business world is headed for a leadership crisis. In their 2014 Global Human Capital Trends report , Deloitte found that 86 percent of businesses believe they do not have an adequate leadership pipeline, and 79 percent believe they have a significant retention and engagement problem. How can you hope to sustain an effective leadership pipeline if your employees are disengaged and your turnover rate is high?

How Companies Can Effectively Build Their Leadership Pipelines

SuccessFactors

The business world is headed for a leadership crisis. In its 2014 Global Human Capital Trends report , Deloitte found that 86 percent of businesses believe they do not have an adequate leadership pipeline, and 79 percent believe they have a significant retention and engagement problem. How can you hope to sustain an effective leadership pipeline if your employees are disengaged and your turnover rate is high?

Quality of Hire Means Something, Here’s Why

Ceridian

Even just ten years ago, the goal for recruiters and even their emerging brethren was to make sure that people met the job requirements. Terms like “cultural fit” were on the fringe and those who wanted recruiters to answer for retention, may potentially get an earful. Back then, we all decided collectively, that recruiting was responsible for bringing the people to the party but it was up to hiring managers, HR professionals and line managers to keep people dancing.

Better HR Communication for a Better 2015

UpstartHR

Early every year, the President of the United States makes an address to the nation. The purpose of the annual “State of the Union ” address is to give an account of the year’s events and discuss the priorities of the coming months. If communicated properly, this is an opportunity to reach a larger audience, share major goals, and get buy-in from the constituency. The bottom line.

Groups 158

The Manager’s Guide To Developing A Growth Mindset

SuccessFactors

A dramatic shift in the job market has led many companies to turn to feedback to improve employee retention rates. Unlike in the past, employees are feeling less tied to company loyalty and freer to take on new opportunities. Employee turnover can result in major costs for your company, and significantly impact company morale. As a result, companies are investing more in new feedback technology to encourage the exchange of feedback between managers and employees.

Use of Social Media in the Workplace- Advantages and Disadvantages

Vantage Circle

Social media in the workplace- Should you allow it or not? Facebook, Twitter, and LinkedIn are well-known examples of social media platforms, but social media can be of different types. Advantages Of Using Social Media In The Workplace. Enhance employee learning.

Employee Benefits In 2016: Perks Or Expectations?

SuccessFactors

Not surprisingly, the history of employee perks involves World War II, the burgeoning tech industry and women. I say not surprisingly because these same key elements like a reduced workforce, new technology, and women in the workforce are still driving factors in why many businesses today are upping their game when it comes to employee perks. The millennial impact. Millennials are the largest demographic in the workforce today.

Not So Hot on Holacracy

HRExecutive

Many of us were introduced to the concept of holacracy by way of Zappos, which famously began phasing in this management model—or non-management model, as it were—in 2013. The move might have seemed even more radical had it been made by most any CEO not named Tony Hsieh. In his 15 years at the helm of the Las Vegas-based online shoe and clothing store, Hsieh has earned a reputation for employing innovative and unconventional people practices.

Why You Need to Make Disability Employment a Priority for Your Business in 2016

Workology

Here are the main reasons why you should be prioritizing disability hiring in 2016: You’ll be complying with legislation. In 2014, new regulations for Section 503 of the Rehabilitation Act were put into place, requiring all federal contractors to maintain a 7% utilization goal for people with disabilities. In addition to the utilization goal, these contractors are also required to encourage employees to self-identify, keep records of disability employment and more.