Vantage Circle

JANUARY 10, 2024

Employee turnover is an unavoidable and mostly reality in business. However, developing a strong retention strategy centered around meaningful metrics can lead to happier, more productive employees and significant cost savings for a company. As an HR professional, what retention metrics should you be tracking?

Metrics 52

Metrics Retention and Turnover HR Software Benchmarking 52

6Q

SEPTEMBER 21, 2022

In this guide, we share some clever methods to increase your employee retention rate, and keep your team for longer. If this happens at your company — and often — you’re not alone. For businesses across the globe, these high turnover rates are causing havoc, impacting productivity, slowing collaboration and harming the bottom line.

Hiring Software 119

Hiring Software HR Software Onboarding Software Retention and Turnover 119

DailyPay

MAY 17, 2023

While on-demand pay has primarily been a benefit offered to employees of private companies, there is increasing interest in extending this benefit to state, county and city government workers across all public sectors, including K-12 education.

Retention and Turnover 52

Retention and Turnover Staffing Software Retirement Staffing 52

Achievers

JULY 13, 2021

Success in this endeavor for an engaged workforce is a basic necessity for any company’s financial resilience. With just 19 percent of employees who consider themselves “very engaged” at work, now is the time to to strengthen your understanding of why your company needs an engaged workforce. You will attract talent.

Company 256

Company Aptitude Tests Employee Engagement Employee Recognition 256

Acendre

MAY 19, 2023

“83 percent of 924 companies surveyed globally have low people analytics maturity, as compared to the high maturity organizations which have graduated to more advanced practices,” according to Deloitte’s Global Human Capital Practice leader Art Mazor, in his recent analysis of talent acquisition analytics.

Talent Acquisition 52

Talent Acquisition Recruiting Software Hiring Software Recruitment 52

Keka HR Blog

MARCH 31, 2023

Turnover and retention reports Attrition reports, commonly referred to as turnover reports, emphasize the number and the percentage of individuals who quit during a specific time period. The effectiveness of your workforce retention efforts can be assessed using this data. Not every quitter, though, raises an alarm.

HR Software 52

HR Software HR Planning Hiring Software Report 52

EngagementMultiplier

DECEMBER 1, 2021

Over the last year, Engagement Multiplier clients experienced 60% less employee turnover than published averages. For the twelve months ended on 30 September, organisations suffered a turnover rate of 57.3%. For the same period, our clients’ average turnover was 23.17%, a 60% difference. These are big numbers. Fresh data.

Employee Engagement 93

Employee Engagement Retention and Turnover Immedis Survey 93

Analytics in HR

JULY 6, 2021

It’s also forcing employers to rethink their talent acquisition and employee retention strategies to keep up to pace with these constant changes. This means that employee retention rate is one of the most important HR metrics that can help you understand how well your organization retains its employees. Let’s dive in.

Retention and Turnover 78

Retention and Turnover Hiring Software Recruiting Software Interview Software 78

Workify

AUGUST 28, 2022

Productivity can suffer, company culture can become inconsistent, and there can be knock-on effects on wider engagement. As such, employee turnover and employee attrition are key areas of focus. Your understanding of how these concepts work and where they differ can help make sure your retention methods are fit for purpose.

Retention and Turnover 52

Retention and Turnover Metrics Retirement Immedis 52

HR Daily Advisor

SEPTEMBER 13, 2017

Sixty-four percent of nonprofits surveyed reported they do not have a formal recruitment strategy, 81% reported they do not have a formal retention strategy, and 52% reported they do not have a formal diversity, equity, and inclusion (DEI) strategy. 81% of nonprofits do not have a formal retention strategy. Recruitment.

Retention and Turnover 0

Retention and Turnover Hiring Diversity Survey 0

Spark Hire

JULY 30, 2018

To help you convince company leaders this is the best idea, we went to the experts. Turnover is inevitable, so talk about your current turnover statistics. Show how talent will add value company-wide goals to prove a position should be made for them… Click To Tweet. Take two scenarios to chart a comparison.

Hiring Software 74

Hiring Software Hiring Retention and Turnover Staffing Software 74

Bonusly

DECEMBER 8, 2022

Chatter about a potential recession is all over the news right now, along with headlines about big, successful companies cutting headcount—Meta, Amazon, and Twitter, just to name a few. To boost employee retention and plan for a successful year: Why retention during a recession matters. Saying thank you is free!

Retention and Turnover 52

Retention and Turnover Hiring Software Talent Experience HR Software 52

Bob

FEBRUARY 22, 2024

With the right strategy, you can create a thriving company, retain your top talent, and stand out in a competitive marketplace. People are your organization’s greatest asset and resource, and supporting them to be effective and efficient and contribute to your company’s broader objectives is essential for a successful HR team.

Talent Management 97

Talent Management Metrics Hiring Software Recruiting Software 97

Aberdeen HCM Essentials

JULY 1, 2019

A recent survey showed that for every 1% increase in the likelihood that companies will expand their spend on RPO, they increase the likelihood of reducing employee turnover by 47%. By comparison, traditional recruiting and staffing leads to an increase in this likelihood of only 28%. Organizations that use RPOs achieve a 1.8x

Recruiting Software 40

Recruiting Software Staffing Software Talent Acquisition HR Software 40

EmployeeConnect

DECEMBER 20, 2016

HR departments and companies invest billions to develop and upgrade their databases without spending enough time to design relevant and useful HR reports. Mining data once took an IT specialist, but most company stakeholders now have access to custom HR reports based on verifiable data from many databases and resources.

HR Software 100

HR Software HR Planning Hiring Software Assessment Software 100

Ongig

APRIL 17, 2020

A few other notes: This is organic (not total) traffic — We’re using ahref’s measurement of organic traffic because we find it to be the best apples-to-apples comparison of traffic to HR blog pages. Company Culture. Employee Retention and Benefits. HR Metrics: How and Why to Calculate Employee Turnover Rate?

Bullhorn 130

Bullhorn Video Recruiting Recruiting Software HR Software 130

Vantage Circle

MARCH 10, 2021

Employee engagement tool helps measure or boost employee engagement that in turn will improve the productivity and efficiency of the employees and reduce staff turnover. Improves employee retention. MoveSpring is a cloud based fitness tracking platform that allows companies to manage employee wellness programs. Content Booster.

HR Software 52

HR Software Onboarding Software Assessment Software Planning Tools 52

Abel HR

SEPTEMBER 10, 2021

Studies suggest losing an employee can cost six to nine months of their salary, this type of quick turnover can take a real toll on your bottom line. By comparison, providing training and growth opportunities helps drive engagement which in turn leads to higher job satisfaction, better productivity and improved retention.

Hiring Software 52

Hiring Software Staffing Software HR Software Compliance Training 52

Peopletrail

MAY 3, 2024

This can have a direct impact on a company’s bottom line. Some of the most common and easily identified HR metrics include: Cost per hire Absenteeism Turnover rate Retention However, there are lesser-tracked metrics that are becoming increasingly important.

HR Software 52

HR Software Hiring Software Onboarding Software Recruiting Software 52

Bonusly

JULY 17, 2019

This kind of turnover is extremely expensive. 25% of all employees are of this nature , what you might consider “high risk” when it comes to retention. How do you win the employee retention battle? To keep your employees working for you, consider trying these seven employee retention strategies: 1.

Hiring Software 85

Hiring Software Strategy Retention and Turnover Onboarding Software 85

DailyPay

NOVEMBER 22, 2021

The company prides itself on the quality, service and cleanliness they deliver in the quick service restaurants (QSR) space, and it values treating its crew and management like family, believing them to be the most powerful asset of the company. There is no comparison between them and DailyPay. It was tedious and time-consuming.

ADP 52

ADP Recruiting Software HR Software Paylocity 52

Zenefits

JANUARY 8, 2019

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. It also involves managing company benefit programs to make sure they meet the needs of the current workforce.

Compensation 31

Compensation Hiring Software Staffing Software HR Software 31

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. That speaks loudly to the value of openness and communication about pay structures in your company. Everyone wins. ” Interestingly, it’s not just about pay.

Hiring Software 62

Hiring Software Retention and Turnover Compensation Recruiting Software 62

Analytics in HR

OCTOBER 25, 2022

Furthermore, it highlights how the HR department is contributing to the performance, OKRs, and strategic goals of your company. The purpose of the annual HR report is that it: Provides a complete overview of the employees and company trends and ensures that HR practices are aligned with the various KPIs or OKRs. Retention metrics.

HR Planning 100

HR Planning Metrics Report HR Software 100

Zenefits

MAY 4, 2023

Human resources professionals often find themselves burdened by administrative tasks that take their focus off work that could better serve company goals. This issue is especially prevalent in small to midsize companies that lack the HR staff resources that a large company can deploy. Here’s how.

HR Software 41

HR Software HR Planning Hiring Software Recruiting Software 41

Extensis

JANUARY 23, 2023

Though the number of companies using PEOs has increased across the board , two-thirds are small- to medium-sized businesses (SMBs) employing between 10 and 49 workers. Thus, having access to extensive benefits through a PEO is crucial for recruitment and retention in order to stay competitive with larger organizations.

Study 97

Study Hiring Software Trends HR Software 97

Analytics in HR

JANUARY 8, 2024

In an ever-changing work landscape where the war for talent is magnified, keeping top performers committed, motivated, and engaged at work is crucial to the company’s success. This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys.

Survey 87

Survey Examples Retention and Turnover Employer Branding 87

Bonfyre

OCTOBER 16, 2019

Employers will spend a staggering $680 billion is predicted to be spent on employee turnover expenditures by 2020, according to the 2018 Retention Report published by the Work Institute. With out-of-the-box applications of artificial intelligence, human resources can undoubtedly minimize employee turnover to a large extent.

Hiring Software 40

Hiring Software Assessment Software Recruiting Software HR Software 40

HRsoft

DECEMBER 7, 2015

According to research done by Engage for Success, companies with low engagement scores are about 32.7% Not only is an engaged worker more likely to contribute to the attainment of company goals, he or she is also more loyal and committed to the organization and thus poses less of a flight (or turnover) risk.

HR Software 40

HR Software Interview Software Planning Tools Employee Engagement 40

HR Lineup

JUNE 14, 2023

By setting KPIs that are directly linked to the organization’s goals, HR professionals can ensure that their efforts contribute to the company’s success. Whether it’s employee engagement, recruitment, training, or talent retention , KPIs help HR teams understand their impact and make data-driven decisions.

HR Software 84

HR Software Retention and Turnover Assessment Software Recruiting Software 84

ClearCompany HRM

MAY 17, 2018

However, as the options grow, so too does the chance of selecting a system or process that doesn’t uphold the needs of your company. The best talent systems now have talent forecasting tools to show when a role may see turnover or when to start planning for successions. Choose Great Employees Over Top Candidates.

HR Software 210

HR Software Hiring Software Onboarding Software Recruiting Software 210

Blu Ivy Group

FEBRUARY 8, 2024

One thing remains constant, though—competition for great talent remains high, retention is an ongoing priority with shifting employee expectations, and there is continuous pressure to show the connection between investment in your people and the bottom line. I know this all too well; after all, I’ve been in your shoes. Cost per hire?

Employer Branding 69

Employer Branding Analytics Hiring Software HR Software 69

Vantage Circle

SEPTEMBER 16, 2021

A good ESOP plan (employee stock ownership plan) is an excellent tool for business owners to help raise their company's value and take their business to the next level. It's common for start-up entrepreneurs to look at other companies in similar industries and try to mimic the success they've had. Importance of ESOP.

Planning Tools 52

Planning Tools Retirement Hiring Software Staffing Software 52

Hppy

JULY 28, 2023

Companies invest substantial time and resources in identifying candidates who not only possess the necessary skills but also fit seamlessly into the company culture. While technical abilities are essential, one often overlooked but highly impactful aspect of successful hiring is the art of behavioral interviewing.

Interview Software 91

Interview Software Hiring Software Hiring Assessment Software 91

Extensis

JANUARY 23, 2024

It’s hard to think of a business collaboration more interconnected than the one between a company and its PEO. A PEO that offers personalized service and decades of expertise can boost your business’s bottom line, employee engagement and retention , and more.

HR Planning 74

HR Planning HR Software Onboarding Software Assessment Software 74

PoliteMail

JULY 13, 2023

Benchmarking compares an organization’s performance — using metrics and key performance indicators (KPIs) – to standardized data from the historical performance within your own company or other companies within your industry. What KPIs are essential for evaluating your company’s communications performance?

Benchmarking 52

Benchmarking Assessment Software Planning Tools Retention and Turnover 52

Vantage Circle

JANUARY 21, 2024

Companies are investing in team-building activities, recognition programs, and new office designs - and shelling out big money for fancy consultancies. Ongoing index measurement empowers data-backed investments into targeted engagement initiatives that motivate higher performance and retention. Turnover spikes, and so do mistakes.

Employee Engagement 75

Employee Engagement Hiring Software Assessment Software Benchmarking 75