Companies with high employee experience have 142% higher employer Net Promoter Score, 28% higher productivity, 37% lower turnover rates, and 59% higher job satisfaction. Now you can measure the returns of this investment by looking at the employee satisfaction and turnover rates. MORE

Leading studies project significant labour shortfalls in Europe between 2020 and 2030. From 2020 to 2030, workforce contraction will accelerate across many countries, with Germany‘s labor supply shrinking to an estimated 37 million in 2030, which would roughly imply a shortage of 8 million workers in Germany. Build a culture of learning, mentoring, and knowledge retention within the organization. MORE

In order to maintain the high level of patient care that many healthcare organizations aspire to, both employee recruitment and retention must become a priority. From an HR standpoint, increased employee burnout also leads to a spike in turnover rates. MORE

New data, the 2019 National Health Care Retention & RN Staffing Report, published by NSI Nursing Solutions, Inc. Voluntary turnover continues to increase. Competition for talent is also driving turnover, with employee poaching becoming the new norm. While the average turnover rate across all industries in the US is 15%, hospital turnover for 2018 was at 19.1%, an increase of almost a percentage point over 2017, and the highest in the decade. MORE

When they do, employee morale , productivity and retention improve. . Elements such as workloads and work settings can lead to mental and physical health consequences which lead to decreases in productivity and concentration as well as increases in absenteeism and turnover. . MORE

By focusing on a hospital’s or clinic’s particular needs and organizational cultures, hiring managers and recruiters can fine-tune these tools to help identify, hire and onboard those candidates most likely to provide the biggest contribution to the team. and fellow researchers predicted that 1 million registered nurses nationwide will retire by 2030. It will also require special attention to recruiting and retention. Provide Support to Improve Retention. MORE

Within an organization, burned out employees incite negativity and high turnover. Companies that advocate for frequent recognition are 41% more likely to see increased employee retention and 34% more likely to see increased employee engagement. MORE

An onboarding tool, for instance, can take care of everything from signing an NDA and other mandatory forms to guiding new hires through your employee handbook and more. Create Thoughtful, Automated Onboarding to Increase Retention Times 3. As much effort as many companies put into their recruitment process, as little effort often goes into the onboarding period. Run, TaskRabbit, run: July 2030. MORE