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The Right Way to Increase Minimum Wage at Your Organization

Visier

government passed a bill to gradually increase the minimum wage to $15 by 2025. Since all companies will raise their wages as a result of the new bill, some companies have voluntarily decided to pay above minimum wage as a retention strategy. Costs of turnover. A high turnover rate is more expensive than most realize.

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The "Next Big Thing" in Talent Acquisition

Cielo HR Leader

The American Medical Association predicts a shortage of 130,000 physicians across all specialties by 2025. Other recent reports point to current shortages of IT staff and an estimated one-third of the nursing workforce hitting retirement over the next 10 to 15 years. Increased retention rates by 5 percentage points to 97%.

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Employee Attrition: Meaning, Impact & Attrition Rate Calculation

Analytics in HR

Even though the term is often used interchangeably with employee turnover , it’s not the same. Employee attrition vs. employee turnover Types of employee attrition Is employee attrition always bad? Employee turnover measures all employment terminations, including those positions that are refilled by new employees.

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The Josh Bersin Company: 3 Ways Talent Intelligence Addresses Skills Shortages

Eightfold

In a recent white paper from The Josh Bersin Company, the group supports the case for merging people analytics, sourcing intelligence, and workforce planning into a single AI platform for all talent. million nurses by 2025. This opens opportunities to address turnover and staffing shortages while providing better patient care.

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Seven ways your HR platform should boost efficiency

cipHR

This cost-cutting agenda sadly often translates into redundancies but workforce reduction must be a last resort. That’s true not only morally, but because layoffs can have major long-term consequences for engagement, culture, retention, productivity, profitability, and reputation.

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The Compelling Case for Upskilling and Reskilling Your Workforce

UKG

While leading Human Resources for Honeywell Space Systems in the 2000s, our workforce planning revealed that we needed more specialized software engineers and software programmers to accommodate changes in satellite design by NASA and private-sector satellite manufacturers. Workforce Planning and Mapping of Skills to Job Families.