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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. Compensation Benchmarking Powered by Mercer 2.

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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. According to a survey by Gallup , in 2022, employee engagement reached its lowest level since 2015. Compensation Benchmarking Powered by Mercer 2.

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11 Easy Ways to Reduce Employee Turnover

Bonusly

That's not because the hospitality industry is bad, it's simply an outlier in the realm of employee turnover due to the nature of the work. (To To learn more, check out these useful benchmarks that t he teams at Compensation Force and CompData Surveys put together for both voluntary and involuntary employee turnover rates by industry.).

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Chasing Best Practices

Compensation Cafe

One of the common questions I hear from clients centers on how well their people practices and budgets compare to industry benchmarks and groups of top-performers. Research from the firm PayScale may help to answer at least some of those questions, with their annual analysis of compensation trends and activity.

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Annual Performance Reviews Aren’t Dead, but They Do Need New Life

Capterra

The Society for Human Resource Management (SHRM) suspected they were on their last legs back in 2015 before a number of sources officially called time of death earlier this year. Top performers were more likely to be dissatisfied with compensation decisions because managers couldn’t adequately explain how pay decisions were made.