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Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The Stages of the Hire-to-Retire (HTR) Process HTR involves several stages that align with an employee’s career trajectory.
The strategy takes into account the full employee lifecycle, from recruitment and onboarding to daily work experiences, career development, and offboarding. For example, an onboarding employee experience strategy is designed to ensure that new hires feel welcomed, informed, and prepared to succeed in their new roles.
These experts are also responsible for administering all benefits and retirement programs, helping onboard new hires, monitoring marketplace trends, and managing the open enrollment process. Recruiting and onboarding As the war for talent rages on, a robust recruiting and onboarding strategy has never been more important.
Beyond the hiring process and onboarding, developing a strong EVP also helps you retain your best talent. Conduct regular salary benchmarking Paying people a competitive salary is one way to maintain a strong EVP. Offering paid parental leave is another excellent way to improve your EVP through enhanced benefits.
Some employees leave due to retirement, restructuring, or performance issuesthese departures may not significantly impact a company. Hiring, onboarding, and training new employees require time and resources, and it may take months before a new hire reaches full productivity.
Targeted recommendations: By analyzing factors such as age, role, family status, and location, AI can suggest benefits options like health savings accounts (HSAs) , retirement plans, or wellness programs that are most relevant to each employee.
Compensation and Benefits Offering competitive compensation packages is crucial: Salaries : Benchmarking against local and regional pay data to offer market-competitive salaries. Supplementary Benefits : Additional perks such as private health insurance or retirement plans to attract top talent. Effective Onboarding Process 9.
Market-based compensation reviews: Uses industry benchmarks, competitor data, or economic factors to make decisions on compensation adjustments. Making these decisions requires research, benchmarking data, and leadership advice on budgets, investments, growth, and strategy.
Employee Onboarding New employee onboarding includes filing and receiving signed paperwork, providing software access, requesting devices, completing tax paperwork, and configuring tools. Automating HR processes with respect to these onboarding aspects means you’re not just saving time and reducing errors.
For instance, you might spot that a spike in attrition happens six months after onboarding in a certain division. With people analytics solutions in the drivers seat, you can use historical trends and current workforce demographics to project future headcount needs based on anticipated growth, retirements, and promotion paths.
An intuitive user interface reduces onboarding time and boosts adoption. ROI benchmarks consider time savings, error reduction, and productivity gains. A unified platform for end-to-end HR tasks, from hiring to retirement. Scalability ensures the platform evolves alongside headcount and geographic expansion.
Time & Attendance Management Includes ATS, resume parsing, onboarding workflows, and progress tracking Enhances accuracy, reduces errors, supports audits, and legal readiness 4. Recruitment & Onboarding Goal-setting, feedback, and development tracking Accelerates hiring, improves new hire experience, lowers time-to-fill 6.
Known for its excellence in payroll, tax compliance, and benefits administration, ADP has expanded its analytics and benchmarking tools in 2025 to offer better visibility into HR metrics and workforce trends. In 2025, it delivers a mobile-first, AI-powered HR suite that covers everything from recruitment to retirement.
Employee attrition : Often used interchangeably with turnover , employee attrition is a gradual reduction in staff, usually through natural causes like retirements or resignations, without actively replacing those employees. Modifying your employee onboarding process can tackle this issue and prevent new hire turnover.
HR policies and procedures: Review the company’s HR framework, including handbooks, onboarding processes, performance management systems, disciplinary procedures, and training programs. Compensation and benefits : Examine salaries, bonuses, equity plans, and employee benefits like health and retirement plans.
Depending on what ALEX ID learns about your employees’ preferences, they may get benefits goal setting notifications in January, mental health nudges in July, and if they qualify for it, retirement prep in October. That’s why our email and text messages outperform industry benchmarks. No more “once-a-year blast.” Absolutely.
It outlines all the financial and employer-paid benefits an employee receives, including bonuses, incentives, retirement contributions, health insurance, paid time off , and other perks like wellness programs or tuition reimbursement. If you offer any of these types of leave , showcase that in your template.
Offering competitive benefits, like health care and retirement plans, alongside continuous learning opportunities, can be highly effective. By ensuring every interaction is positive, from the first glance at a job posting to the final steps of onboarding, you set the stage for a productive and lasting relationship.
As SHRM notes, the total cost of hiring can quickly balloon when you factor in recruiting, onboarding, lost productivity, disruption to team dynamics, and knowledge drain. Not retirements, layoffs, or someone moving to Fiji to run a juice shack. And that’s just the cost you can measure.
High turnover and aging workforce Insurance firms deal with both ends of the talent spectrum—long-tenured employees nearing retirement and younger professionals looking for rapid growth. Use lifecycle surveys to capture feedback from onboarding to exit. onboarding, performance cycles). policy closures, anniversaries).
If you're working on your employee engagement strategies, you also must focus on its benchmarks to measure and analyze its progress. Yes, employee engagement benchmarks are pivotal in understanding how well your engagement initiatives compare to industry standards. Kevin Kruse What are Employee Engagement Benchmarks?
Definition & Turnover Rate Formula Employee turnover refers to the number of employees who leave an organization within a specific time frame, encompassing both voluntary departures (such as resignations or retirements) and involuntary exits (like layoffs or terminations). Why Understanding The Cost Matters?
Workforce Planning: Predict skills gaps based on upcoming retirements or business shifts. Ahmad Faiz Owner, Achilles Roofing and Exteriors Benchmark Labor Costs for Financial Impact At EnCompass, we’ve used workforce analytics to solve the remote work puzzle that’s crushing most companies.
Full Suite Premium – $15/user/month Full Suite Professional plus dedicated success manager, onboarding support, and manager training. Onboarding: This module is extremely useful if you are looking to offer a grand welcome through a hyper-personalized onboarding experience. All prices based on annual billing.
From day one, site leaders supported onboarding and introduced colleagues to the content — and over time, many became active contributors, celebrating wins, sharing updates, and helping their teams stay informed and engaged. The result? A 96% sign-up rate and a platform that colleagues now seek out for news, recognition, and connection.
Standard” benefits may include: Health, dental and vision insurance Retirement savings plan, with a company match Life insurance Disability insurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred. Perform a benchmarking analysis. Your company culture.
Onboarding Your onboarding process sets the tone for employee experience. One study found that 77 percent of new hires met or exceeded their first performance milestones when they had a formal onboarding process while only 49 percent of employees did so in companies without formal onboarding.
There are many other types of employee departures you can include or exclude: Voluntary departures Involuntary turnover Avoidable turnover Healthy turnover Regrettable turnover Retirement Easy Turnover Rate Formulas Most organizations will calculate turnover rates either monthly or annually. Here are some strategies for doing that.
Top Takeaways from Cisive’s Healthcare Talent Screening Benchmark Report Apr. After more than two years spent in a global pandemic, healthcare employers have had to adapt how they attract, hire, screen, and onboard new talent. million Registered Nurses (RNs) are needed to replace retiring nurses and overcome the nursing shortage.
I feel like we’re constantly losing people”) into hard facts you can compare to industry benchmarks (e.g. Other types of turnover include: Involuntary turnover Voluntary turnover Avoidable turnover Healthy turnover Retirement Whether you include them in your turnover rate depends on what you’re trying to calculate.
It’s a structured timeline with short- and long-term benchmarks. For new hires, you will do this during onboarding. How a Career Path Program Shapes Onboarding and Training. Continue with onboarding. Align career path benchmarks with performance review benchmarks. What is a Career Path?
According to the SHRM Customized Talent Acquisition Benchmarking Report for healthcare, 29% of healthcare positions were filled internally in 2018. That is on the rise, with organizations filling staffing gaps by cross-training, upskilling, location swaps, and incentives to delay retirement. Due diligence doesn’t end after onboarding.
This could also include collaborating with hiring managers to develop applicant criteria, conducting onboarding, helping resolve labor issues, and developing training materials, to name a few. Tasks may include: Managing compensation records Benchmarking of compensation Handling annual performance reviews. Training and development.
Mapping out a strategy of all the positions you need to hire and the recruitment expenses that go with it (job ads, staffing agency fees, onboarding costs) enables you to make an informed decision in planning your budget to account for your staffing requirements. This headcount data is typically sourced from your company’s HRIS.
When it comes to compensation metrics , accurate data is essential for benchmarking the competitiveness of your packages. Indirect financial benefits include equity packages, stock options, health benefits, life insurance, pension plans, and retirement funds. However, it’s still considered a financial benefit due to its monetary worth.
In fact, SHRM’s new benchmark research reveals the average cost of recruitment is nearly $4,700 per hire. SMBs must consider not only the direct costs of salaries and benefits , but also the indirect costs like payroll taxes , insurance premiums, retirement contributions , and other benefits like paid time-off and flexible work arrangements.
These might include: Developing leaders and managers Improving onboarding and acclimation of new hires Transferring institutional knowledge to reduce the impact of attrition/turnover of staff Boosting retention Enhancing customer service With clear insights into the need behind the mentoring effort, you’ll be better able to gauge success.
Onboarding A new employee’s first few days and weeks at a company are critical. After all, it’s time consuming and costly to deal with employee turnover and start the recruiting process all over again from scratch because you hired the wrong person. With HR’s hiring expertise and resources, hopefully you can hire once and hire right.
According to the Society for Human Resource Management’s (SHRM) new benchmark research , the average cost of recruitment is nearly $4,700 per hire. They also should detail employee benefits , life insurance , and retirement plans. Facilitate a smooth transition Once the offer is accepted, it’s time for onboarding.
We were dealing with this in the US before the recession because baby boomers were starting to retire. Now this is a global issue because people are postponing retirement while a new generation of workers comes in. There’s an element of big data that allows you to benchmark yourself against other organizations in your industry.
The employee experience includes each stage of the employee life cycle from recruitment to retirement. Organizations save time and money by not consistently onboarding and offboarding employees. Awesome Onboarding Experience . Additionally, you can identify goals and measure success during onboarding.
Whether it’s strategizing with your assigned Payroll Specialist or facilitating new hire onboarding, your Account Manager oversees day-to-day communication, management, and the rapid resolution of questions, issues or concerns. Ensuring their benefits reflect those needs is only logical.
Benchmark benefits. To obtain granular information based on your industry and location, you’ll need a customized benchmarking report. Customized benefits benchmarking can deliver insight into employer trends for: Healthcare and welfare plans. Retirement savings and planning benefits. Facilitates new hire onboarding.
These 4 major product groups include 20+ modules, including ‘hire to retire’, recruiting, training, payroll, compensation, learning, time-tracking, benefits, performance management, and others. . Further on, there’s an 18% improvement in recruiting efficiency and a 22% improvement in onboarding processes. Splash HR .
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