Employee Retention and Turnover Solutions

Bonusly

To solve employee turnover, we look at employee retention best practices and organization-specific strategies. Defining and communicating your EVP improves both recruitment and retention. Compensation has less to do with retention than most people believe.

Solidifying a Competitive Advantage with Engagement Benchmarking

Ultimate Software

Benchmarking enables companies to compare organizational metrics with their peers and competitors, confirming strengths and opportunities for improvement. A retail establishment with 40% turnover is about average, but for a professional services firm , this figure would be a major red flag.

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Causes of Employee Turnover

Bonusly

Turnover is influenced by many factors that generally come from two directions: external forces and internal forces. We’ll start with external forces, though, because it helps to be aware of how much they contribute to fluctuations so that you can make effective decisions about retention.

How Does Turnover Impact Your Organization’s Bottom Line?

Visier

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

How to Create a Data-Driven Employee Retention Plan in 10 minutes

Visier

Solving employee turnover and retention is hard. Voluntary resignations are high, unemployment rates are at an all-time low, and most organizations are still trying to operate HR without using data as evidence to back up their strategies.

Benchmarking: An Important Tool in the War for Talent

HR Daily Advisor

With unemployment at a 16-year low, the risk of employees considering other job opportunities is high. Benchmarking. Benchmarking is the process of comparing your organization’s own processes and operations against those of your competitors.

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk. Pre-turnover red flags.

11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it.

How To Calculate Employee Turnover and Retention Rates

ForUsAll

Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost.

Keeping Work Travel Balanced for Employees to Prevent Turnover

HSD Metrics

Most of the employees are not those at the top level, and are more than likely travelling with only a small budget. Attempting to work through that can easily cause burnout, driving good employees away, and if the practice does not change, high turnover could become common within the role.

Benchmarking & What-If Analysis

Vemo

Benchmarking Metric Benchmarking can be a great way to compare your metrics to industry best practices, however accessing relevant benchmarking data for you industry is not always easy to obtain or broadly available for every industry.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. ExitRight ® recently updated its ExitRight norms based upon responses to benchmarked questions from all clients during 2016 and 2017. In most industries, pay ranked third in importance out of the top 12 turnover causes.

3 Ways Compensation Policies Can Cause Employee Turnover

Lighthouse

Did you realize that the way your company approaches compensation policy can actually create (or reduce) employee turnover? If keeping your people is a priority in today’s tight talent market, you need to look at whether your pay practices are competitive enough to keep workers from heading for greener pastures. 3 Ways Compensation Practices Can Lead to Retention Risk. Below are three examples of how attention to compensation can uncover potential retention risk.

ExitRight® Norms and Retention

HSD Metrics

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. Contact us to schedule a live demo or call us at 800-295-1863 to talk with an expert.

ExitRight® Norms and Retention

HSD Metrics

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.

How to Calculate Employee Turnover

HRsoft

Analyzing employee turnover can be painful but necessary. As you probably already know, the costs associated with turnover can be damaging for any organization. If you’re not already analyzing turnover data, you can use this quick guide to figure out how to calculate employee turnover.

Top Five Turnover Causes in Healthcare

HSD Metrics

Top Five Turnover Causes in Healthcare. Human resources professionals and their senior teams are keenly aware that turnover comes at a high cost. Employee turnover also has a rolling effect throughout any company. Employee Retention

ADP Research Institute Sets International Benchmark for Employee Engagement with its 19-Country Global Study of Engagement

HRO Today

Study uncovers what conditions at work are most likely to attract and keep workers: Sixteen percent of employees around the world consider themselves fully engaged, revealing 84 percent of the global workforce is not working at its full potential. Learn more at ADP.com.

How to Improve Retention of High-Potential Employees

Everwise

In recent years, employee turnover has become an increasing problem. So, how do you improve retention? This engaged learning makes a positive difference in your company’s turnover rate. Integrate some — or all — of the below six focuses to increase engagement and retention.

7 Simple But Powerful Ways to Lower Employee Turnover Rate

Bonusly

Your organization's employee turnover rate can have a major impact on its trajectory, and if you're having trouble with it, you're not alone. Despite its important place in a successful operation, turnover is still one area even the best companies struggle with. Turnover is expensive.

A Step-by-Step Guide to Calculating Turnover

HRsoft

Calculating turnover is important for developing retention strategies and supporting a strong company culture. To begin calculating turnover in your organization, select a benchmark job to validate internal and external metrics.

The Analytics of Human Resources

HSD Metrics

And it might not seem like there is a connection at all. Retention is a term used a lot when it comes to HR, but do you really strategize for it? Having some form of quantitative data allows for easier benchmarking and better discussions between managers and employees.

What Is Employee Turnover (and Why It Matters)

Zenefits

At some point, if your business is more than one person, you’re likely to deal with employee turnover. According to a Gallup’s 2015 Workforce Panel study, 51% of employees are actively looking for a new job at any given time. What Is Employee Turnover?

Handling Employee Harassment by Customers

HSD Metrics

We offer several survey solutions, including our StayRight program to help strengthen your employee retention, and ExitRight® to provide insight into turnover benchmarks and more.

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.

Why Employee Turnover Spikes after the Holidays and What to Do about It

Bonusly

But come January, the environment can be drastically disrupted by New Year turnover. Why is Turnover Important? And turnover isn’t just a morale-killer – it’s expensive. Why Does Turnover Spike in the New Year? Although some turnover isn’t within anyone’s control (e.g.

The Importance of Employee Retention

HRsoft

Most companies check their turnover numbers. Studies have found that one-quarter of your workforce is at high risk of turnover and 70% of them feel that they need to leave to advance their careers. The post The Importance of Employee Retention appeared first on HRsoft.

How Healthcare Employers Can Overcome Unprecedented Turnover

Precheck

How Healthcare Employers Can Overcome Unprecedented Turnover Oct. It’s not just your organization — turnover is rampant across healthcare employers. And while those numbers apply to all healthcare employees, the stakes get even higher when you look at care providers.

The Impact of Company Culture on Employee Retention

Namely

The idea of using a soft measure like positivity to benchmark a company’s performance would have been laughable not too long ago. For example, at our company Emergenetics , we’re trying to grow quickly and responsibly in certain key market segments.

Here’s How IBM Predicts 95% of Its Turnover Using Data

Linkedin Talent Blog

With the cost of replacing an employee sitting anywhere between 30 and 400% of that person’s annual salary, there’s obviously a strong financial case for investing in retention — not to mention the benefits of preserving institutional knowledge and protecting morale.

5 Human Resource Management Goals for Your Small Business

OmegaHR Solutions

Reduce Turnover—and Accompanying Expenses—by Hiring the Right Candidates. But how do you define the best plan for long-term employee development and ultimately, better retention? Define Measurable Benchmarks for HR Success.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

(Editor’s Note: Today’s post is brought to you by our friends at SilkRoad , a global leader in Talent Activation. At this year’s HR Technology Conference and Expo, SilkRoad announced a strategic partnership with CareerBuilder to provide client companies an enhanced onboarding experience.

Handling Conflict between Different Workplace Departments

HSD Metrics

This is best done by first looking at the needs rather than solutions. Using exit interviews, like ExitRight® , will give your company turnover benchmarks and analytics, so you are able to effectively improve your employee retention for others.

Bridging the Generational Gap between Employees

HSD Metrics

Offensive jokes can lead to bad morale, turnover among employees, or even worse, potential legal problems. Help to reduce employee turnover by taking the time to know your employees and their skills, knowledge, abilities and unique capabilities.