Remove Benchmarking Remove Data Remove Groups Remove Retention and Turnover

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?”

Curbing Employee Turnover Contagion in the Workplace

Visier

Turnover Contagion: Tracing the Source. It’s also a lesson for HR leaders looking to treat a viral event of a different sort: turnover contagion. As emotional contagion researcher Sigal Barsade writes , employees “routinely ‘catch’ each other’s feelings when working together in groups.”

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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.

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? 3 Ways Compensation Practices Can Lead to Retention Risk. Below are three examples of how attention to compensation can uncover potential retention risk. Organizations that lag the market rate in a specific job function should expect to see higher turnover in that role. Use Compensation Benchmarking as a Retention Predictor.

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. Collect a Wide Range of Data.

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. The challenge for healthcare HR is to improve their own organizations to improve retention.

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

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. Then, the group can figure out how they want to track those results. In addition to the turnover rate, the cost of turnover could be equally significant.

Handling Conflict between Different Workplace Departments

HSD Metrics

For example , two managers of different groups have strong individual goals for their departments, each feeling strongly that one was right over the company policies and procedures than the other, but ended up losing sight of how it all fit in with the overall company goal.

Three Ways to Get More Out of Workday in 2018

Workday

And, we want your business leaders to gain the insights they need, leveraging both your own internal and relevant external data, to make the best decisions for your organization. We also invite those who are driving Workday adoption in their organizations to join the Workday Adoption and Metrics User Group in Workday Community (sign-in required). Data is the world’s new currency. Participate in Workday Benchmarking. Workday Benchmarking can show you.

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. One problem holding companies back is the ineffective collection and use of engagement data. Harkins, vice president of client success and engagement solutions at Inspirus, a Sodexo Group company.

The Future of Business: People Analytics for Everyone

Visier

First West Credit Union , for example, noticed that turnover was increasing at an alarming rate. The pressure was on to boost retention. Managers often make poor decisions based on gut feeling , while data-driven decisions are reserved for HR and senior leaders.

How HR Can Tackle Diversity Using the Rooney Rule

Visier

Dropbox is committing to unconscious-bias training for all it’s employees (over 1,200 people), and to regularly release data on the diversity of its workforce. Metrics to watch: New hires vs. existing workforce / New hires vs. industry benchmark.

Promoting from Within Should Be a Priority

HSD Metrics

Stay interviews help you strengthen your overall employee retention plan, whether it is needed in a particular department or across the entire organization. “The department that I was in did not acknowledge the skill sets of the employees there.

How Healthcare Employers Can Manage Nursing Talent More Strategically

Precheck

First and foremost, healthcare organizations need to address problems in the work environment that can lead to employee dissatisfaction, burnout and turnover, and that starts with nursing management. Investing in additional support for nurses can also reduce burnout and improve retention.

Why People Leave Their Jobs (and How Their Reasons Should Shape Your Organization’s Talent Strategy)

Something Different

We’ve learned that what really affects people is their sense of how they’re doing compared with other people in their peer group, or with where they thought they would be at a certain point in life,” says Brian Kropp, who heads CEB’s HR practice. “We’ve

The Employee Engagement Hoax? What Every HR Professional Needs to Know

Visier

Employee turnover was around 4%, most of it involuntary or driven by economics. Today, educated and skilled people are in short supply, with an average turnover above 10%. This comes at a time when Big Data and mobile apps are causing a major disruption in how HR monitors engagement.

SurvaleTM Announces Record Growth, New Capabilities and Awards for 2018

Survale HR

New features such as Reference Checking , Text/SMS feedback collection, Shared Insights hiring manager self-monitoring feedback views, internal peer benchmarking, new reports and more. Brandon Hall Group Silver Award for Best Advancement in Candidate Experience Management Technology. “We’ve

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are in industries like retail and hospitality with the highest attrition and turnover rates , so getting them access to company policies, up-to-date information, and their organization’s brand story is essential. So, how do we empower this group?

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

Talking Candidly About Workforce Planning for HR Executives

Cisive

I recently attended a Healthcare Talent Symposium with a group of organizational leaders in the healthcare industry and had the unique opportunity to hear from both speakers and participants about their most significant concerns, challenges and struggles in talent acquisition today. Nominal group planning is a team-oriented forecasting technique that develops a forecasting framework.

Stay Interviews Are the Innovative Thing We Didn’t Know We Needed

Saba

He looked far beyond surveys, focus groups, and others’ opinions to drive home ideas he was certain we would crave. What data told Steve that we would want cell phones that would store downloaded music, making us walk around with buds in our ears?

Your Guide to AI Talent Acquisition

AllyO

AI talent acquisition harnesses the ability of artificial intelligence to derive insights from large amounts of data and automate much of the labor-intensive, repetitive work that goes into hiring talent. All these aspects of onboarding contribute to employee satisfaction and retention.

Going Beyond Basic Benefits

HRO Today

By building a family-friendly workplace, employers can do more than just lift the burden off their employees: They can improve productivity, employee engagement, loyalty, retention, diversity, and ultimately, business performance. Employee resource groups. Historical enrollment data.

CHRO 70

A Full Guide to Compensation and Benefits

Digital HR Tech

While their findings were statistically significant and turnover is expensive, it’s probably not enough to convince a boss to give someone a 10 percent raise. Research shows that both distributive fairness and procedural fairness lead to higher employee retention.

The Employee Engagement Hoax? What Every HR Professional Needs to Know

Visier

Employee turnover was around 4%, most of it involuntary or driven by economics. Today, educated and skilled people are in short supply, with an average turnover above 10%. This comes at a time when Big Data and mobile apps are causing a major disruption in how HR monitors engagement.

Talking Candidly About Workforce Planning for HR Executives

Precheck

I recently attended a Healthcare Talent Symposium with a group of organizational leaders in the healthcare industry and had the unique opportunity to hear from both speakers and participants about their most significant concerns, challenges and struggles in talent acquisition today.

How to Measure the ROI from Your HR Software

Cronofy

An up to date benchmark on the efficiency of your HR processes. Whether those benefits were in terms of cost, efficiency or resources, the business case points you towards the data you need to gather and analyze as part of your ROI exercise. This is a guest post by Dave Foxall.

Why We Need Retail Employee Engagement Now More Than Ever

Bonfyre

Retail turnover is breaking records–bad ones. Retention is a commonly accepted signifier of employee engagement , but in retail a high turnover rate is expected. However, retail turnover has been trending upwards as of late. Turnover is turning skilled employees away.

How to Measure Quality of Hire

HR Daily Advisor

Most organizations use a set of metrics together as a group. These organizations take several truly objective measures, such as turnover rates, and look at those measures in coordination with more subjective measures like performance reviews. Cultural fit (as measured by survey data).

5 Ways to Communicate and Engage With Your Deskless Workers

SocialChorus

Many of these un-wired employees are industries, like retail and hospitality with the highest attrition and turnover rates , so getting them access to company procedures, up-to-date information, and their brand story is essential. So, how do we empower this group? Personalization and targeting – One size does not fit all, and segmenting communications to different groups, by location, job, etc.,

The Compensation “Off-Season”

Decusoft

They can provide valuable input and information regarding compensation programs effectiveness and as we all know, not all talent acquisition and retention issues are about pay. Review turnover. Specifically focus on regrettable turnover. Conduct a post turnover survey of employees who have been gone at least 12 months. After they have settled into their new norm, there is a tendency to be more honest, which provides you with better data.

Onboarding: Your Upfront Investment in Employee Performance

Everwise

In today’s increasingly competitive talent market , what if there was a way to improve retention of top employees? Companies are embracing technology to take an innovative employee-experience approach versus the age old employee data management method of onboarding. Better Retention.

Banking Industry Plans to Increase Hiring, Salaries in 2018

HR Daily Advisor

The labor market is tightening and turnover is increasing, but banks are planning to grow employment, according to data from the Crowe Horwath LLP 2017 Bank Compensation and Benefits Survey.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

Today, more of our findings, including measures of turnover, compensation, and training. Measures of Turnover. Turnover is clearly a very important metric for the HR professionals we surveyed—78% of participants measure it. Regional and industry benchmarking.