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Shocking Employee Turnover Statistics

Reflektive

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? Prepare to be shocked: SEE ALSO: How to Effectively Change Performance Management. The High Cost of Turnover. Due to this propensity for job-hopping, Millennial turnover costs the U.S.

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People Analytics: The Key to Understanding Talent Retention

Hire Road

Talent retention is a critical aspect of HR. But they often struggle with: Identifying the root causes of high turnover Implementing effective strategies to boost talent retention But fear not! In this article, we’ll discuss how people analytics can transform your talent retention efforts. HR operations know this.

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Recognition Boosts Employee Engagement and Productivity | ClearCompany

ClearCompany HRM

A lack of engagement can lead to a decrease in productivity and employee retention — and it’s expensive, too. High employee turnover rates lead to increased hiring costs, which can be as much as two times the employee’s salary. 18% lower turnover for high-turnover companies. 43% lower turnover for low-turnover companies.

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3 Ways People Analytics Ends Employee Retention Guesswork

Visier

Hiring, vacancies and turnover are critical measures on both the state of the economy and the health of the organization. Some turnover is healthy for organizations, but the danger in such record-setting times is passing a critical threshold of talent loss. For many organizations, voluntary turnover costs millions of dollars.

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Future-Focused Performance Management Is HR’s Next Big Thing

Reflektive

Research shows that managers spend an average of 200 hours on performance reviews and documentation per year. This is why companies are increasingly looking for performance management solutions that minimize wasted time and make reviews a more positive experience. Evaluations Should Measure More Than Performance.

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People Analytics and HR-Tech Reading List

Littal Shemer

There are too many professional books one can read in a lifespan. This list of People Analytics and HR-Tech books is not exceptional. I won’t be able to complete reading all of it, though I do have these books on my Kindle, ready for browsing. Total kindle books mentioned: 64 ). These books can change your career!

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Employee Performance Management: What Your CFO Needs to Know About Culture Before Investing

Reflektive

Reflektive recently sponsored a webinar as part of the Performance Management Masterclass Series through Human Resources Today. The webinar featured speaker John Frehse, Senior Managing Director at Ankura. SEE ALSO: How to Effectively Change Performance Management. Click To Tweet. Click To Tweet. totaling $54.67