Remove 2020 Remove Benchmarking Remove Compensation Remove Retention and Turnover
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The turnover tsunami is on the way. How can your business avoid it?

Business Management Daily

It is being widely reported that a turnover tsunami is on the horizon. However, they may not be returning to the same office that they left in March 2020. Employers need to start taking steps now to minimize turnover in their organizations. Why mass turnover is on the horizon. Pent up turnover. Be flexible.

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6 Must-Know Stats from Our 2022 Benefits Benchmark Report

PlanSource

6 Must-Know Stats from Our 2022 Benefits Benchmark Report. We’ve scoured over 200 million benefit elections in our system and analyzed real user behavior and data to bring you our 4th annual Benefits Benchmark Report. The Number of Employers Who Contribute to Their Employees HSA Plans Increased by 23% Since 2020. March 16, 2022.

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Six Considerations When Evaluating Your Compensation Strategy

Tandem HR

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. Analyze Turnover. Turnover rates vary significantly by industry.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. Many who did get laid off in 2020 do not wish to return to their prior job roles or way of life. Allow telecommuting. Improve employee benefits offerings.

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6 Workforce Metrics with Significant Financial Impact

UKG

For much of 2020, many finance teams were forced to shift their focus from maximizing profitability to simply staying operational. Employee retention rates. Projected employee turnover rate. Some noteworthy labor costing KPIs might include: Total employee compensation. Fraud detection rates. Productivity by shift.

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The Secret to Employee Retention Is Employee Engagement

Workday

That’s why it’s essential for companies to have a strong employee retention strategy. Talent Retention Is Topping Agendas. Now it’s time for businesses to mirror that process and reevaluate their approach to people management and talent retention. What Is Employee Retention? Employee engagement.

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People Analytics and HR-Tech Reading List

Littal Shemer

Following a nine dimensions model, the book demonstrates how to use people data to increase profits, improve staff retention and workplace productivity as well as develop individual employee experience” HR Analytics Essentials You Always Wanted To Know Michael Walsh (2021). Macey, Alexis A.