INDUSTRY INSIGHTS YOUR PEERS ARE READING
Well, it’s a lot easier to drive a go-cart than a semi-truck. Example: As a working example, let say that an organization wants to assemble a cross-functional team of executives to address a Recruiting & Retention problem. Set Metrics for Success: What goals will they work toward? MORE
This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover. MORE
Data-driven Ways to Improve Retention. Our article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics. MORE
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. MORE
A number of research findings from the past several years corroborate these claims: - The likelihood of turnover at companies with strong culture is only 1 3.9 percent , compared with much higher turnover at companies that have a poor culture. MORE
Posted by David Fineman on August 3, 2017. Without accurate data, metrics and operational reporting may as well not even exist. Source: Deloitte Consulting LLP, 2017. MORE
We recently conducted a study that focused on uncovering the key factors that impact two healthcare metrics – employee turnover and patient satisfaction (HCAHPS). In one instance, the client reduced their Registered Nurse (RN) turnover from 19.8% In another example, the client reduced their turnover rate from 28% to 24% across the organization, resulting in a savings of more than $8 million. 2014 National Healthcare and RN Retention Report. MORE
Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. Although constantly recruiting and training new employees is expensive, it is the ancillary effects on productivity, customer satisfaction, manger effectiveness and engagement metrics that truly impact the overall business operations. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”. MORE
In the report, Designing Work Cultures for the Human Era , 47% of HR leaders cite employee retention and turnover as their top workforce management challenge, the third consecutive year this challenge has topped the list. The post What’s the Key to Talent Retention? MORE
Now, I know this isn’t the message well-meaning leaders want to send. Others include lower turnover, better financial returns, more innovative ideas, creates positive workplace climates, just to name a few. Working in the modern world can be hectic. The pace is unrelenting. MORE
According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function. As you help grow a company by recruiting talented individuals, you enjoy the satisfaction of a job well done. a 40 percent retention rate). MORE
Another expert says that referrals should be one of the top metrics that talent acquisition leaders focus on. From an analytics perspective, being able to track quality of hire, time to fill, and other metrics and tie them back to the referral source is an incredibly valuable practice. Retention and Engagement One third of new hires quit their job after about six months and 32 percent of employers say they expect employees to be job hoppers. MORE
Any HR professional working right now can tell you how costly turnover is , and speak to the importance of careful hiring. Among its cost-saving benefits, increased retention means less negative externalities to company culture and a strengthening of institutional knowledge. MORE
When things go well, more often than not they’re simply getting lucky. The ExitRight data we’ve collected indicates that, while some of these reasons aren’t expressed in the exact same words by exiting employees, all of these statements ring true as major contributing causes of turnover for organizations. Do you think you have the tools and resources in place to fill the gaps in employee retention at scale? Articles Employee Retention Uncategorized MORE
Retention : How do you retain those buying customers so they come back and buy again? Retention : Just like you want to retain your customers, you want to retain your employees. Topics include retention, happiness, and compensation and benefits. . How will you reduce your voluntary turnover percentage? . Non-financial incentives often work just as well, if not better! Retention is about doing everything to keep your best performers. MORE
33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. Companies with a solid strategy to recognize team members enjoy stronger engagement, increased employee morale , better customer service, and lower turnover. Well, it’s not as easy as it seems. MORE
“We leveraged a Gallup Book on wellbeing that suggested a more holistic approach to well-being could create more engagement for Team Members, and we Brinker-ized it to ensure it would resonate with our people.” That’s the future of well-being for us. MORE
Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. The study found unfair treatment is the single largest factor in turnover across all groups and it is significantly more pronounced in the tech industry than other industries (42 percent of tech-industry leavers versus 32 percent of technical-role leavers in non-tech-industry fields). MORE
This is strategic HR communication at its best, and it could become a valuable tool to allow leaders to peer into the inner workings of the HR strategy while allowing HR leaders to share key results areas as well. Common metrics? What’s the well-being of your staff? MORE
In the world of business, metrics hold a special place—and rightfully so. The legendary Peter Drucker is well cited for pointed out, "you can't manage what you can't measure." A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? The metrics and models to apply them in various situations filled eight pages. MORE
Whether getting paid well correlates with rosier-colored glasses, or whether mission-driven employees tend to be top performers and therefore earn higher salaries, higher pay and a sense of mission go hand in hand. Fight Turnover with Transparency. Employee Retention Uncategorized MORE
Workplace culture and engagement initiatives have become increasingly important to employee retention. At HR Redefined, Lisa shared four tips for leveraging this relationship to strengthen employee retention. Finance knows all too well that payroll is one of the company’s largest expenses, but a fresh org structure can provide opportunities to re-engage employees and help them work toward a shared mission. Lower turnover leads to increased profitability. MORE
Retention is a key metric for most companies. Particularly when it comes to retaining the top performing people, tracking turnover can uncover problems as well as identify successful practices and managers. MORE
How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance). MORE
High turnover to contend with? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help. Here are all the employee retention articles and resources you’ll need to get informed, get inspired, and get going. General Employee Retention Articles. MORE
Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. How Do You Measure Performance Metrics? MORE
Data-driven Ways to Improve Retention. Our recent article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics. MORE
Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. The field of human resources is changing. MORE
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority? MORE
Employee Turnover is a major problem in the majority of organizations, and it’s going to get worse. The economy might not continue to be as strong in the near future as it has been, but it doesn’t look to be any major downturn as well. This happens all the time, especially in organizations that segment and track turnover by performance and hold managers accountable to this metric. MORE
From recruiting and retention to productivity and profitability, the connection between employee engagement and business results is well established. average and outperform their peers on business metrics, with nearly 30% better returns. MORE
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority? MORE
Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager. MORE
In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making. MORE
Well, what are we going to do? And these companies experience staff retention that is completely out of whack with industry standards. percent annual staff turnover in an industry where 35 percent is normal. MORE
More and more, insights based on data are becoming essential to human resources, particularly when it comes employee retention and engagement. But what if companies used similar metrics to evaluate employee engagement as they do for customer loyalty? Data drives business. MORE
2017 Metrics Retention and Turnover Wellness Visier
NOVEMBER 15, 2017
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?
Cornerstone On Demand
APRIL 5, 2017
According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function. As you help grow a company by recruiting talented individuals, you enjoy the satisfaction of a job well done. a 40 percent retention rate).
Visier
AUGUST 8, 2017
Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.
Visier
DECEMBER 14, 2017
With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?
Reflektive
JULY 10, 2017
Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. The study found unfair treatment is the single largest factor in turnover across all groups and it is significantly more pronounced in the tech industry than other industries (42 percent of tech-industry leavers versus 32 percent of technical-role leavers in non-tech-industry fields).
EmployeeConnect
MARCH 20, 2017
Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. How Do You Measure Performance Metrics?
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TLNT: The Business of HR
DECEMBER 6, 2017
Retention is a key metric for most companies. Particularly when it comes to retaining the top performing people, tracking turnover can uncover problems as well as identify successful practices and managers.
Visier
JANUARY 16, 2018
This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover.
UpstartHR
JANUARY 3, 2017
This is strategic HR communication at its best, and it could become a valuable tool to allow leaders to peer into the inner workings of the HR strategy while allowing HR leaders to share key results areas as well. Common metrics? What’s the well-being of your staff?
Compensation Today
JANUARY 10, 2017
Whether getting paid well correlates with rosier-colored glasses, or whether mission-driven employees tend to be top performers and therefore earn higher salaries, higher pay and a sense of mission go hand in hand. Fight Turnover with Transparency. Employee Retention Uncategorized
HSD Metrics
MAY 31, 2018
Data-driven Ways to Improve Retention. Our article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.
|
HSD Metrics
MAY 31, 2018
Data-driven Ways to Improve Retention. Our recent article about the most important turnover causes for employees in 2017 illustrated trends across all industries and drew out some interesting exceptions. The post ExitRight® Norms and Retention appeared first on HSD Metrics.
SMD
SEPTEMBER 28, 2017
We recently conducted a study that focused on uncovering the key factors that impact two healthcare metrics – employee turnover and patient satisfaction (HCAHPS). In one instance, the client reduced their Registered Nurse (RN) turnover from 19.8% In another example, the client reduced their turnover rate from 28% to 24% across the organization, resulting in a savings of more than $8 million. 2014 National Healthcare and RN Retention Report.
Benefit One USA
FEBRUARY 6, 2017
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.
Namely
JUNE 22, 2017
Here are three metrics you can start tracking today: Quality of Hire Acquiring top talent is no simple task. The Quality of Hire metric is a quick index on a new hire’s adjustment, acclimation, and performance since joining the company. To define this metric you’ll need to establish success criteria—this could be how well a new hire fits with your culture, performs, or exhibits the required competencies, for example. The field of human resources is changing.
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i4cp
OCTOBER 16, 2017
In the world of business, metrics hold a special place—and rightfully so. The legendary Peter Drucker is well cited for pointed out, "you can't manage what you can't measure." A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? The metrics and models to apply them in various situations filled eight pages.
DATIS
APRIL 27, 2017
Well, it’s a lot easier to drive a go-cart than a semi-truck. Example: As a working example, let say that an organization wants to assemble a cross-functional team of executives to address a Recruiting & Retention problem. Set Metrics for Success: What goals will they work toward?
Reflektive
MARCH 6, 2017
More and more, insights based on data are becoming essential to human resources, particularly when it comes employee retention and engagement. But what if companies used similar metrics to evaluate employee engagement as they do for customer loyalty? Data drives business.
Globoforce
AUGUST 22, 2017
Well, what are we going to do? And these companies experience staff retention that is completely out of whack with industry standards. percent annual staff turnover in an industry where 35 percent is normal.
HR Daily Advisor
AUGUST 16, 2017
How much of an increase in pay are your employees receiving in 2017? 2017 Merit Increases. across all employee types, 2.5-3% is the most commonly awarded amount among employers awarding merit increases in 2017. 2017 General Increases (Not Tied to Performance).
Namely
JUNE 8, 2017
Workplace culture and engagement initiatives have become increasingly important to employee retention. At HR Redefined, Lisa shared four tips for leveraging this relationship to strengthen employee retention. Finance knows all too well that payroll is one of the company’s largest expenses, but a fresh org structure can provide opportunities to re-engage employees and help them work toward a shared mission. Lower turnover leads to increased profitability.
The Tim Sackett Project
AUGUST 3, 2017
Employee Turnover is a major problem in the majority of organizations, and it’s going to get worse. The economy might not continue to be as strong in the near future as it has been, but it doesn’t look to be any major downturn as well. This happens all the time, especially in organizations that segment and track turnover by performance and hold managers accountable to this metric.
Limeade
JULY 14, 2017
“We leveraged a Gallup Book on wellbeing that suggested a more holistic approach to well-being could create more engagement for Team Members, and we Brinker-ized it to ensure it would resonate with our people.” That’s the future of well-being for us.
Visier
FEBRUARY 9, 2017
In order to move from this “list of challenges” to the “corporate asset list,” I have found that HR and its key functions like recruiting, retention and learning must move to dramatically increase their measurable business impacts by adopting analytics and data-driven decision-making.
HR Daily Advisor
FEBRUARY 5, 2018
In the report, Designing Work Cultures for the Human Era , 47% of HR leaders cite employee retention and turnover as their top workforce management challenge, the third consecutive year this challenge has topped the list. The post What’s the Key to Talent Retention?
SnackNation
AUGUST 7, 2017
33 Thoughtful Employee Recognition & Appreciation Ideas for 2017. Companies with a solid strategy to recognize team members enjoy stronger engagement, increased employee morale , better customer service, and lower turnover. Well, it’s not as easy as it seems.
UpstartHR
MAY 15, 2017
Another expert says that referrals should be one of the top metrics that talent acquisition leaders focus on. From an analytics perspective, being able to track quality of hire, time to fill, and other metrics and tie them back to the referral source is an incredibly valuable practice. Retention and Engagement One third of new hires quit their job after about six months and 32 percent of employers say they expect employees to be job hoppers.
HR Times
AUGUST 3, 2017
Posted by David Fineman on August 3, 2017. Without accurate data, metrics and operational reporting may as well not even exist. Source: Deloitte Consulting LLP, 2017.
Everwise
FEBRUARY 28, 2017
Any HR professional working right now can tell you how costly turnover is , and speak to the importance of careful hiring. Among its cost-saving benefits, increased retention means less negative externalities to company culture and a strengthening of institutional knowledge.
ForUsAll
JUNE 22, 2018
High turnover to contend with? Revitalizing your employee retention can be a daunting undertaking, but we’re here to help. Here are all the employee retention articles and resources you’ll need to get informed, get inspired, and get going. General Employee Retention Articles.
15Five
FEBRUARY 22, 2017
A number of research findings from the past several years corroborate these claims: - The likelihood of turnover at companies with strong culture is only 1 3.9 percent , compared with much higher turnover at companies that have a poor culture.
HSD Metrics
MARCH 16, 2017
When things go well, more often than not they’re simply getting lucky. The ExitRight data we’ve collected indicates that, while some of these reasons aren’t expressed in the exact same words by exiting employees, all of these statements ring true as major contributing causes of turnover for organizations. Do you think you have the tools and resources in place to fill the gaps in employee retention at scale? Articles Employee Retention Uncategorized
Digital HR Tech
FEBRUARY 5, 2018
Retention : How do you retain those buying customers so they come back and buy again? Retention : Just like you want to retain your customers, you want to retain your employees. Topics include retention, happiness, and compensation and benefits. . How will you reduce your voluntary turnover percentage? . Non-financial incentives often work just as well, if not better! Retention is about doing everything to keep your best performers.
WorkplaceDynamics
JUNE 6, 2017
From recruiting and retention to productivity and profitability, the connection between employee engagement and business results is well established. average and outperform their peers on business metrics, with nearly 30% better returns.
SuccessFactors
MARCH 31, 2017
Now, I know this isn’t the message well-meaning leaders want to send. Others include lower turnover, better financial returns, more innovative ideas, creates positive workplace climates, just to name a few. Working in the modern world can be hectic. The pace is unrelenting.
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