HR Digest

APRIL 20, 2023

Employee retention strategies are vital to the success of any organization. High employee turnover can be highly disruptive to any business. In this article, we’ll explore some innovative and effective employee retention techniques. We’ll also delve into the importance of each strategy.

Retention and Turnover 59

Retention and Turnover Bonuses and Incentives Employee Recognition Time and Attendance 59

Zenefits

JANUARY 1, 2023

But in the long run, an overloaded, undercompensated workforce could be a problem when productivity, retention, and overall job satisfaction are at stake. The combination of company layoffs and workers quitting their jobs in record numbers are driving more employers to load departed employees’ duties onto current staffers. Salary cuts.

Hiring Software 76

Hiring Software Retention and Turnover Company Staffing Software 76

HRExecutive

JANUARY 4, 2024

However, as economic and market conditions change, employers aren’t as singularly challenged by recruiting and retention—which, experts say, could suggest increasing opportunities to strategize for long-term people success. “Companies that will be ahead of this in 2024 are looking at things holistically,” Turner says.

HR Software 124

HR Software Hiring Software Recruiting Software Retention and Turnover 124

Analytics in HR

DECEMBER 22, 2023

One of the first things employees look at before even receiving a job offer is their compensation package. of employees rank compensation as the top factor in job satisfaction. So, how do you craft a total compensation package that resonates with a diverse workforce? Contents What is a compensation package?

Compensation 88

Compensation Bonuses and Incentives HR Software Hiring Software 88

Terryberry

JANUARY 6, 2020

The construction industry has been faced with a persistent challenge for years—high employee turnover. In the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics, the construction industry had the second-highest employee turnover rate at 5.6% , which amounted to 418,000 separations in September 2019. .

Employee Recognition 52

Employee Recognition Retention and Turnover HR Software Certification 52

Insperity

OCTOBER 17, 2023

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? Compensation and benefits When employees leave a company, it’s often in search of better pay and benefits.

HR Planning 102

HR Planning HR Software Hiring Software Strategy 102

Staffbase

JULY 5, 2024

In today’s work environment, two challenges stand out: retaining talent remains difficult, and effective employee retention strategies must be tailored to the individual. That’s where the power of employee retention comes in. What is employee retention? Why do you need an employee retention strategy?

Retention and Turnover 52

Retention and Turnover Hiring Software Planning Tools Onboarding Software 52

Terryberry

APRIL 19, 2022

Employee engagement and retention are frequently associated with each other. During the Great Resignation , organizations began to take an in-depth look at their engagement, retention, and recruitment strategies. Companies should focus on driving performance and retention through employee engagement.

Employee Engagement 98

Employee Engagement Retention and Turnover HR Planning Onboarding Software 98

Insperity

AUGUST 12, 2021

Yet there’s another rising issue with which employers must prepare to contend: post-pandemic employee turnover. According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future.

Retention and Turnover 138

Retention and Turnover Planning Tools Employee Engagement Assessment Software 138

Empuls

DECEMBER 18, 2023

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend.

Retention and Turnover 40

Retention and Turnover Hiring Software Onboarding Software Bonuses and Incentives 40

Astron Solutions

MAY 3, 2022

We are facing an interesting time in compensation. The events of 2020 and 2021 have left a mark on how both employers and employees view work. In this Astronology® we will review some of the factors in play with the current compensation upheaval. Navigating Compensation Challenges in 2022: Three Tips.

Compensation 52

Compensation Retention and Turnover Ceridian Payscale 52

Extensis

JULY 24, 2024

Quick look: A comprehensive total rewards strategy is just that: rewarding (for businesses and employees alike). Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success.

Hiring Software 52

Hiring Software Assessment Software HR Planning Planning Tools 52

Tandem HR

FEBRUARY 9, 2022

While compensation is only one factor for recruiting and retaining talent, it is critical to your overall HR strategy. Whether initiating or updating your compensation strategy and philosophy, the following best practices may help guide your process and decisions. Analyze Turnover. Turnover rates vary significantly by industry.

Compensation 52

Compensation Strategy Retention and Turnover HR Planning 52

Engagedly

AUGUST 2, 2022

Once they hire talented individuals, a business needs a foolproof talent retention strategy to avoid attrition. The year 2021 has been marked as the year of the Great Resignation when thousands of employees willingly resigned from their jobs. Here is where talent retention strategies come into play.

Strategy 59

Strategy Retention and Turnover Compensation Screening 59

Achievers

FEBRUARY 2, 2021

Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . What are employee benefits? . Employee benefits are non-salary compensation and perks. Employee recognition . What are benefits that are voluntary?

Employee Benefits 236

Employee Benefits Hiring Software Recruiting Software Planning Tools 236

Bonusly

JUNE 27, 2018

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it. Voluntary vs. involuntary turnover.

Retention and Turnover 74

Retention and Turnover Hiring Software Onboarding Software TinyPulse 74

Empuls

OCTOBER 9, 2023

Healthcare employee turnover:  stats & facts Healthcare employee turnover refers to the rate at which healthcare workers leave their jobs within a given time frame, either voluntarily or involuntarily, and are replaced. Here are some facts sheding light on the problem of turnover in healthcare industry.

Staffing Software 52

Staffing Software Hiring Software Recruiting Software Planning Tools 52

15Five

JANUARY 23, 2024

Turnover is just part of doing business. Some employees aren’t a good fit, while others find new opportunities. While some turnover is normal, too much can damage your organization’s performance, lower morale, and even interrupt important projects. Where are you at with turnover, and how can you do even better?

Retention and Turnover 220

Retention and Turnover Hiring Software How To Onboarding Software 220

CoreCentive

SEPTEMBER 13, 2023

A detailed Employee Value Proposition (EVP) will help! An EVP gives potential employees a clear sense of what they will get for working with a company. It represents the unique combination of factors and advantages that make a company a desirable workplace for potential and current employees.

Company 52

Company Hiring Software Retention and Turnover How To 52

Bayzat

APRIL 5, 2024

What Is Employee Attraction and Retention? Employee attraction refers to the processes and practices that a company implements to draw in potential employees to apply for job openings. This creates a positive work environment where employees feel valued and motivated to perform at their best.

Hiring Software 52

Hiring Software Video Recruiting Talent Experience Recruiting Software 52

Bonusly

NOVEMBER 30, 2016

Your organization's employee turnover rate can have a major impact on its trajectory, and if you're having trouble with it, you're not alone. Despite its important place in a successful operation, turnover is still one area even the best companies struggle with. Voluntary Vs. Involuntary Turnover. Turnover is expensive.

Retention and Turnover 40

Retention and Turnover Hiring Software Onboarding Software Planning Tools 40

CoreCentive

JANUARY 15, 2020

That’s an especially big problem in an industry already facing high turnover. This article will examine strategies companies can use to address this problem head on and boost employee engagement. First, the industry suffers from consistently high turnover-in some cases close to 100% annualized. Attracting New Talent.

Industry 59

Industry Retention and Turnover Hiring Software Metrics 59

Vantage Circle

AUGUST 16, 2021

Many companies are also willing to pay retention bonuses to keep employees on board. A retention bonus is financial compensation paid to employees who have remained with their organization for a specific length of time. They offer it as an incentive to ensure that employees don't leave their company.

Bonuses and Incentives 52

Bonuses and Incentives Examples Hiring Software Planning Tools 52

Semos Cloud

AUGUST 24, 2020

It can allow you to plan your employees’ development , and ensure you reach your KPIs related to employee retention , productivity and more. . ?? Before we start, get our Employee Recognition Playbook and find out how to implement and sustain a successful employee recognition program in your organization. .

Hiring Software 52

Hiring Software Onboarding Software Planning Tools Recruiting Software 52

Vantage Circle

SEPTEMBER 23, 2023

Highlights Meaning of employee benefits Imoprtance of employee benefits Types of employee benefits Legally mandatory benefits Popular employee benefits Creative and budget-friendly benefit ideas What Are Employee Benefits? Employee benefits are the indirect and non-cash compensation paid to an employee.

Employee Benefits 59

Employee Benefits Planning Tools Hiring Software Retirement 59

Compensation Cafe

MAY 14, 2015

WorldatWork’s latest “Trends in Employee Recognition Report” is out. Key highlights from this year’s report: 1) Prevalence of recognition programs in organizations continues to grow. 89% of organizations offer some sort of recognition program with an average of 4.6 Employee recognition is not a nice-to-have soft-skill.

Employee Recognition 40

Employee Recognition Trends Retention and Turnover Retirement 40

Terryberry

DECEMBER 13, 2022

They strive to be a part of a team, make an impact, and be well-compensated for their work. But beyond the typical salary and benefits, more companies are stepping up to offer employee perks as a way to attract new talent. Employee Perks vs. Benefits: What's the Difference? On the other hand, perks make employees happy.

Company 74

Company Hiring Software Planning Tools Video Recruiting 74

Semos Cloud

SEPTEMBER 4, 2020

In this article, you will find out what are the most common employee surveys you can use in your company to check the state of different aspects of your workplace. Since employee recognition is one of the best ways to improve your employee culture, productivity and retention, check out our Employee Recognition Playbook first. .

Survey 59

Survey Hiring Software Onboarding Software HR Software 59

Empuls

APRIL 28, 2023

Employee benefits are a crucial part of any organization's overall compensation package. While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. What are employee benefits?

Employee Benefits 40

Employee Benefits Wage and Hour Training Productivity Retirement 40

Empuls

MARCH 30, 2023

They’re marketing them via career sites and social media to highlight the advanced technologies, competitive compensation, strong company culture, and how they’re putting safety and local communities first, etc. Employee recognition Who doesn’t like recognition for the good work they do?

Hiring Software 40

Hiring Software Video Recruiting Recruiting Software Onboarding Software 40

Zenefits

NOVEMBER 17, 2022

Reduce employee turnover. Keep employees healthy. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans. Benefits are nonmonetary incentives that supplement employees’ wages. Workers’ compensation insurance (state laws). Employee of the month programs.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Extensis

AUGUST 8, 2023

Quick look: Some of the biggest misconceptions about employee attrition and employee turnover are that they’re the same—and that employers have little control over either. Very few people begin and end their careers with the same company, so ultimately employee departure is inevitable. What is employee turnover?

Hiring Software 96

Hiring Software Retention and Turnover Recruiting Software Assessment Software 96

CuteHR

OCTOBER 18, 2022

As a result, one of the primary worries for business owners is turnover. To a certain point, there is no avoiding dysfunctional turnover. Enough turnover to guarantee you have new talent, yet enough retention to keep your organization stable. What is dysfunctional turnover, and what can you do to reduce its impact?

Hiring Software 71

Hiring Software Retention and Turnover Recruiting Software Assessment Software 71

Semos Cloud

SEPTEMBER 25, 2020

In 2020, Millennials form 50% of the global workforce , and as Baby Boomers retire, Gen Z and Millennials will comprise even more of the total workforce. . Moreover , you will l earn how to provide great employee experience to your Gen Z and Millennial employees. . ?? Reimagine employee recognition .

Planning Tools 40

Planning Tools Employee Recognition Employer Branding Retention and Turnover 40

Achievers

JANUARY 31, 2023

Employees and job candidates now look far beyond salary when deciding whether to remain at or join an organization. While great compensation and benefits still matter, factors like inspired company culture, and truly engaging work are more important than ever. Maybe your goal is to decrease employee turnover.

Hiring Software 305

Hiring Software Onboarding Software Talent Experience Strategy 305

Empuls

JANUARY 14, 2022

The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies. But if those employees end up leaving after a year or two, you’re right back where you started - having to hire again and wasting more money and time on recruitment.

Hiring Software 98

Hiring Software Retention and Turnover Onboarding Software Strategy 98

Payactiv

OCTOBER 19, 2021

Happy employees also translate into lower levels of employee turnover, which means vacancies need to be filled less often. And finally, every time you lose an employee, you also lose all the investments you’ve made (both time and monetary) in their training and development. Employment Advantages. Corporate Culture.

Wage and Hour Training 52

Wage and Hour Training PayActiv Employer Branding Talent Experience 52