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9 Effective Talent Management Strategies in 2024

Engagedly

Investing in a talent management program improves employee retention and reduces employee turnover, eliminating these expenses. Talent management tools boost productivity and efficiency by streamlining procedures and making important information and resources easily accessible.

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Individual Development Plan: 7 IDP Templates & Examples to Inspire You in 2024

Engagedly

Importance of Creating an Individual Development Plan A recent study indicates that employees who are offered professional development opportunities are likely to be 15% more engaged in the workplace. A study found that when employees are given autonomy to work the way they prefer, they are more than twice as likely to be highly engaged.

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Turnover vs Attrition Explained

Peoplebox

Calculating Turnover Rate Here’s a simple formula to help you calculate the turnover rate for your organization: Turnover Rate = (Number of employees who left ÷ Average number of employees) x 100 Let’s say a small software company called Acme Inc. has 50 employees at the beginning of the year. Try it yourself!

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What Are OKRs And How Can You Use Them?

HR Tech Girl

The OKR (Objectives and Key Results) framework is a goal-setting methodology businesses use to set goals and track their progress towards them. The key results are the actions that need to take place to achieve the goal e.g. send out employee engagement surveys with 100% completion. Let’s dive in. What is an OKR?