5 Exit Interview Metrics Your Business Should Be Tracking

HSD Metrics

The negative impact of employee turnover on your business can manifest itself in several important ways. Finally, and although it’s difficult to quantify, there are costs associated with diminished employee morale, particularly when many workers leave at the same time.

What Is Employee Turnover and Employee Retention?

Bonusly

When we talk about employee turnover, we mean the number of employees who leave an organization over a specified timeframe, typically one year. On the other hand, employee retention is number of employees an organization keeps during a given period. Who is responsible for turnover?

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

New Hire Onboarding: Take a Pulse to Increase Employee Retention

HR Bartender

(Editor’s Note: Today’s post is brought to you by our friends at Readex Research , which provides expert survey services to help businesses understand their internal and external customers. With unemployment levels at historic lows, it’s no wonder that employee retention is a priority.

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

How to Boost Engagement and Retention Rates with Employee Journey Mapping

HSD Metrics

has ticked up a bit and now stands at 34%. ” That phrase, selected by workers themselves, is subject to interpretation—but at the very least, it means that more than 1 of every 10 American employees isn’t happy with his or her job and probably looking for new opportunities.

Applying Employee Performance Metrics towards Retention of Key Employees

AssessTEAM Performance Management

“The key to a company’s success begins and ends with retention of key employees,” Anonymous. There is a lot to lose when a business experiences high turnover rate. Employee performance metrics is the best way to track the performance of key employees in a company.

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken.

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.

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.

Introduction to Recruiting Metrics FAQ

Workable

Recruitment metrics help you gauge the effectiveness of your recruitment process. Here are frequently asked questions and answers about recruiting metrics to help you understand recruiting data and use it to boost your hiring: Intro to Recruiting Metrics. More Recruiting Metrics.

The High Cost of Employee Turnover

HSD Metrics

Employee turnover is something that many businesses wish to minimize as it helps to keep a cohesive, experienced team with the company. What many do not seem to realize, however, is how much money employee turnover is actually costing the company. Annual Cost of Turnover.

Turnover Woes? You’re Probably Ignoring this Key Metric

Newmeasures

An eager new hire shows up on her first day, to ready to meet the team and get down to work, only to spend the day filling out paperwork alone at her desk all morning after a brief welcome from her manager. Organizations know that turnover is expensive. The post Turnover Woes?

How To Link Recruiting Metrics To Business Outcomes

Cornerstone On Demand

According to LinkedIn's 2017 Global Recruiting Trends Report , "quality of hire" is the top recruiting metric that hiring managers care about—and for good reason. Quality of hire is also arguably the best metric to demonstrate the effectiveness of the recruiting department and its value as a strategic business function. The importance of demonstrating quality of hire is nothing new, but how do you actually measure this metric? a 40 percent retention rate).

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.

How Recruiting Companies Help to Reduce Employee Turnover

Get Hppy

When companies have to go through these processes repeatedly due to frequent employee turnover, it can be costly. One way to minimize turnover is to nip it in the bud with effective screening aided by a recruiting firm. How Recruiting Firms Can Improve Employee Retention.

Excessive Overtime and Lack of Appreciation Increases Turnover

HSD Metrics

I spent 2/3 of my life at work. Senior managers never spend that much time at the facility, and when the manager’s nickname is ‘MIA’ because he is never around, it is indicative of a problem.” – Comment from an ExitRight ® Interview*.

Tackle Employee Turnover With Strategic Leadership Development Investments

Visier

We had built a leadership development program for our Millennial population with the goal of reducing turnover costs. After the first three cohorts went through the program, we dug into the data, expecting to see just that: promotions driving retention. This was driving retention.

The Case for Sharing — and Understanding — Human Capital Metrics

Cornerstone On Demand

Yet when evaluating a given company's worth, investors still rely on performance metrics that largely ignore an organization's brainpower. Think about the problem this way: A low turnover rate sounds like a good quality for any company, right?

How to Calculate Employee Turnover Rate

Analytics in HR

In our people analytics community, we’ve had a few discussions about how to calculate employee turnover and retention. In analytics, employee turnover is arguably the most-discussed metric. However, calculating turnover is much trickier than it seems.

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.

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.

The Internal Mobility Metrics You Should Be Tracking (HR Zone)

Paddle HR

Without the right KPIs, there’s no way that senior leaders can understand whether their internal mobility efforts are having the desired impact on employee development or retention. Of course, this single metric alone doesn’t tell the full story of high performing internal mobility practices.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

Retention drives employee recognition ROI

HR Morning

Even as some surveys show that about 65% workers in North America say they aren’t actively looking for a new job, many of them also report they are not engaged at work. But that doesn’t mean you can relax with your employee retention efforts. Recognition equals retention.

How to Give Your Resume a Boost with Metrics?

Career Metis

The easiest and most effective strategy for highlighting the achievements in a resume: with metrics! There are several reasons for quantifying your accomplishments on your resume with metrics. Then include metrics on your resume that seem to align well with these KPIs.

Employee Turnover is Highest in January: How to Keep Critical Employees from Leaving

Visier

This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover.

The True Cost of Turnover for Human Service Organizations

DATIS

Unfortunately, this industry is notorious for high turnover rates, with organizations often reaching turnover as high as 40%. While all industries experience turnover and its internal impact on culture and employee morale, there are several factors that make high turnover particularly threatening to the success of the Human Service organizations. Consequently, high turnover results in a significant financial loss. Combating High Turnover.

Top Five Turnover Causes

HSD Metrics

Data-driven Insights for Employee Retention. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. 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. In our most recent norm analysis, we found interesting results by industry—and for employee turnover as a whole—that we’d like to share. In most industries, pay ranked third in importance out of the top 12 turnover causes.

Without Retention, Diversity Efforts Fall Short

Reflektive

Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. The study found unfair treatment is the single largest factor in turnover across all groups and it is significantly more pronounced in the tech industry than other industries (42 percent of tech-industry leavers versus 32 percent of technical-role leavers in non-tech-industry fields).

HR metrics and Analytics: How both can add value

Analytics in HR

There’s a lot of confusion about the difference between HR metrics and analytics. Definitions of HR metrics and Analytics. HR metrics are measurements used to determine the effectiveness and efficiency of HR policies. Metrics help compare different data points.

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? Performance is another metric that tends to be considered as more qualitative, but there is room for data here as well.

Workplace Flexibility Helps Employee Retention

HSD Metrics

Starting with the company, I knew I would get less time off than what I had acquired at my prior job, but the company could have been more flexible and negotiated this option. Higher Employee Morale: Having more flexibility lowers absenteeism and even employee turnover.

The Secret To Selecting and Measuring Key Employee Performance Metrics

EmployeeConnect

Measuring critical employee performance metrics offers organisations key benefits for attracting and retaining top talent while meeting operational imperatives. The primary benefits of employee performance metrics are tied to fostering better employee engagement, which enhances productivity, innovation, creativity, employee loyalty and longevity. In the past, companies usually measured employee engagement by analysing turnover rates. How Do You Measure Performance Metrics?