Remove AON Remove Benchmarking Remove Data Remove Retention and Turnover

The Employee Experience Imperative: Q&A with David Johnson

Ultimate Software

Lower employee turnover. The factors that affect employee turnover vary by industry and job role, but excessive workload is a top culprit across the board. Starbucks enjoys an annual employee turnover of only 65%, in an industry that averages 150% to 400%.

AON 156

Is Your Company Following its Compensation Philosophy?

Workday

A WorldatWork study sponsored by Aon Hewitt found that while 92 percent of companies surveyed have a formal compensation philosophy, only 63 percent have it in writing. Special perks like Friday yoga or in-chair massage, retention bonuses, and large cash incentives for employee referrals may be critical components. By regularly conducting fair market salary benchmarking, you can identify if there are any major gaps in your compensation plan.

How to Get the Most Out of Your Employee Engagement Survey

Achievers

Employee Retention. Employee Retention. Facebook’s Scott Judd writes that “Simply asking our people how long they intend to stay is more than twice as accurate at foretelling their future turnover than machine-learning forecasts by an industry leader in predictive analytics.”