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How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Employee Hiring and Retention Undeniably, HR strategies for growing businesses begin with hiring and retention.

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Why HR Needs Data-Driven Workforce Planning to Avoid Talent Shortfalls

Visier

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. The Better Way to Do Workforce Planning.

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11 top talent management metrics and KPIs to track and measure

Bob

From recruitment and onboarding to training and development, retention programs, and succession planning, it’s important to understand what’s happening at every stage of the employee lifecycle. On the other side of the same coin, it also provides a clear indication of the cost of a high turnover rate.

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Guardian’s 11th Annual Workplace Benefits Study: An Overview of PEO Trends

Extensis

Thus, having access to extensive benefits through a PEO is crucial for recruitment and retention in order to stay competitive with larger organizations. This is in comparison to only 5 in 10 employers who aren’t PEO members. And consequently, 50% of those implementing a PEO solution are less likely to go out of business.

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Essential Tools for Modern HR Departments: Boost Efficiency and Streamline Processes

Hppy

And for those who want to delve deeper into hardware solutions, consider visiting a reputable hardware comparison website to make informed choices. It can also help organizations track progress on employee growth and development, leading to employee engagement and retention.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

If employees are ready to move into positions of greater responsibility, and are not seeing career progression, this may result in an increased risk of unwanted turnover. Having all of this information at your fingertips can help develop more informed plans for both her development as well as approaches to retention strategies.

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What’s a people strategy, and why do you need one?

Insperity

It can also reduce your organization’s exposure to certain risks, such as: Widespread employee dissatisfaction Sudden increase in turnover An unexpected talent gap Failing to meet goals and falling behind. The more loyal your employees feel to your company, the less you have to deal with frequent turnover and its associated costs.