Turnover Begets Turnover: Nip It in the Bud

FlashPoint

It’s a fact: hiring and retaining software developers is going to be an increasing priority for your company in 2015. The talent competition is heating up as new companies move into central Indiana. This means there are more jobs for developers and other IT specialists to choose from, and more talent competition for existing technology consulting firms and tech-enabled firms. What can you do to retain your top IT talent? Focus on soft skill development.

Turnover Taking Its Toll? Consider These Strategies for Securing Top Talent

FlashPoint

Turnover is a profit killer, so of course you want to minimize it. Focus instead on becoming a magnet for top talent. If you build a company that attracts and retains the best people, you’ll solve the turnover issue. Talent magnets hire to fit their culture.

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Build the Bottom Line by Measuring and Improving Employee Engagement

FlashPoint

Voluntary turnover: Analyze turnover and exit interview data by department and manager, race, gender, generation, length of tenure, and other demographics to be able to address specific issues with specific populations. Talent Development Talent Management

10 Reasons Why You Should Be Training Your Managers

Everwise

Some of these tools include the ability to focus on their employees’ strengths, knowing how to curb employee turnover rates, and providing proper support to their teams. A 2015 study by WorkplaceTrends.com found that of over 2,000 U.S Training your managers to identify if and when issues arise will help maintain your talent. Only 18% of those currently in management roles demonstrate a high level of talent for managing others ( Gallup ).

3 Strategies To Help HR Manage Morale When Employees Leave

SAP Innovation

This could help keep other employees around: companies who use strategic recognition have 23 percent lower turnover rates). Job turnover in companies with great company cultures is only 13.9 percent turnover at companies with poor company culture. Breakups. Graduations. Funerals.

Is This Why Uber Can Hire Anyone It Wants?

SAP Innovation

Uber can get any top talent it wants. With reports that Uber poached 40 top-of-the-line robotics researchers from Carnegie Mellon’s National Robotics Engineering Center, completely decimating the center of its top talent, it looks like those marriage vows may be in the works.

Five HR Analytics Terms You Need to Know

SuccessFactors

Today we use HR analytics for everything from determining passive and active candidates; assisting with onboarding, training, and engagement; and predicting retention, attrition, and performance rates. In fact, by 2015 the demand for data scientists had surpassed the demand for statisticians.

5 Reasons Your Business Needs Performance Management

SAP Innovation

So what can you do to engage your top talent, help them work smarter, and be more productive? An effective performance management process can help you unlock your talent’s full potential and turn your small business into a major threat to your biggest competitors.

The Surprising Employee Benefit That Can Dramatically Boost Your Bottom Line

SAP Innovation

While fun job titles are certainly great for recruitment and employee motivation, opportunities for career development have a much bigger impact on your company’s bottom line. Many leaders think of career advancement and career development as one and the same, but they’re separate pieces of the professional puzzle. Career development, on the other hand, is an individual’s lifelong professional journey, which includes his or her education, training, and skill set.

The #1 Reason People Leave A Job Might Surprise You

SuccessFactors

A study by employee engagement firm TinyPulse identified various behaviors impact retention, such as micromanagement and a lack of opportunities for development. Gallup found “at least 75 percent of the reasons for voluntary turnover can be influenced by managers.”. Moving some into management can be a solid strategy, but you can’t ignore the corresponding need for professional development. Finding the right talent—for management and your team.

Developing a Strong Hiring Plan

HR Daily Advisor

Employers can’t develop effective hiring strategies without knowing the kind of talent they already have on board, what they’ll need in the future, and how to fill any gaps. A workforce analysis can identify those gaps so that employers can develop an actionable plan.

Why Banking On Your Workforce Boosts Business Results

Visier

Case in point: Banks with lower employee turnover retain more customers. It is here where in-depth knowledge of people dynamics is invaluable in making talent decisions that directly affect the top and bottom line. Reduce Exposure to Talent Pipeline Risks.

3 Performance Indicators That Will Make Or Break Your Company

SAP Innovation

Some of the main customer-centered KPIs include conversion rate, customer retention, Net Promoter Score (NPS), etc. These types of indicators include employee engagement, satisfaction, and turnover. Want to find out how your business is performing?

Why HR Transformation is Not the Answer

Visier

Not surprisingly, Ulrich was named “the most influential thinker of the decade” by HR magazine in 2015.). The idea is that HCM software enables more efficient transactional processes, which gives HR practitioners more time to focus on strategic projects like talent development and retention.

Four Essential Best Practices For HR In 2016

SAP Innovation

Although it’s already March, it’s not too late to cover a few best practices for human resources professionals, as well as how to analyze information about your current employees and help develop strong teams, once people are on board. Also, though, make sure to pay attention to the potential for turnover, retention, risk, and talent when looking for viable candidates. Research & development and training. Welcome to 2016!

Strategic onboarding

Bersin with Deloitte

Studies show that effective onboarding can improve retention rates by 52 percent, time to productivity by 60 percent, and overall customer satisfaction by 53 percent 1. Talent-management integrated. 6 Bersin by Deloitte, 2015 Readiness: 10 Top actionable TA Trends.

Strategic onboarding

HR Times

Studies show that effective onboarding can improve retention rates by 52 percent, time to productivity by 60 percent, and overall customer satisfaction by 53 percent 1. Talent-management integrated. 6 Bersin by Deloitte, 2015 Readiness: 10 Top actionable TA Trends.

The Role Of HR Analytics In Workforce Planning

Get Hppy

An unprecedented increase in job openings shows that the demand for talent is forcing companies to plan better and recruit better. In fact, the majority of leaders surveyed (73 percent) have experienced talent gaps leading to missed business objectives as a result of poor workforce planning.

Retaining the Millennial Workforce and Why It Matters

HR Daily Advisor

High turnover such as this can affect the morale of a company, as well as the bottom line. For the Millennial workforce in particular, there are a number of ways in which retention can be achieved. Attracting and Retaining Talent.

A new operating model for talent acquisition

HR Times

In our previous post , we looked at some of the ways HR can learn from leading practices for customer experience to improve talent acquisition. Enhancing the candidate experiences requires getting smarter about how organizations approach talent acquisition.

A new operating model for talent acquisition

HR Times

In our previous post , we looked at some of the ways HR can learn from leading practices for customer experience to improve talent acquisition. Enhancing the candidate experiences requires getting smarter about how organizations approach talent acquisition. But, they filled open positions 20 percent faster and had 40 percent less turnover in new hires. Companies can support this new approach to talent acquisition by starting with a degree of centralization.

Will HR Close the Great Divide?

NCHRA

A senior line executive in a leading $4B technology company needed to accelerate new product development and commercialization to stay ahead of a much larger competitor. The turnover timeframe of Fortune 500 companies has shrunk. This flawed process was developed three decades ago.