Remove Compensation Remove Information Remove Retention and Turnover
article thumbnail

The latest JOLTS report shows even more cooling in the labor market, but the biggest takeaways lie beneath the top-level data

HR Brew

Job openings posted on the last day of July fell to a new low since January 2021, according to the newest Job Openings and Labor Turnover Survey (JOLTS) report released by the US Bureau of Labor Statistics on Wednesday. The job market seems to be finally landing after what’s felt like the longest, bumpiest ride ever.

article thumbnail

Reducing Turnover with Data-Driven HR Software Solutions

EmployeeConnect

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why new hire retention should be on everyone’s dashboard in 2025

HRExecutive

New hire retention is a measure that organizations often use to assess the strength of their recruiting process. Given the impact that poor new hire retention has across the business and the collective effort that is needed to keep it strong, this is a measure that should be on everyone’s dashboard.

article thumbnail

Tying Performance To Pay Using 15Five’s Compensation Review Tools

15Five

Employees increasingly expect visibility on the factors that determine their overall compensation. Employees expect to maximize their ROI in a role, whether that’s through compensation, job satisfaction, or growth opportunities. A regular compensation review process is now seen as essential for building trust and retaining top talent.

article thumbnail

Enhancing Reporting and Analytics with HRIS

EmployeeConnect

This is where a Human Resource Information System (HRIS) comes into play. This means information on employees, payroll, benefits, and more is stored in one place. With centralised data management, HR professionals can easily access and manage all the information they need, reducing the risk of errors and inconsistencies.

Analytics 147
article thumbnail

How DHJJ Increased Engagement by 75% and Cut Turnover by 67% with 15Five

15Five

Employees were left wondering how their performance was being evaluated and how compensation decisions were made. In a post-COVID employee landscape where the accounting industry was seeing high turnover rates across the board, this uncertainty contributed to concern about how to retain the firms top talent. Sarahs biggest takeaway?

article thumbnail

Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

By incorporating workforce planning into financial models, organizations can predict costs related to hiring, training, and employee turnover, leading to more precise budgeting. Higher Employee Retention: Financial investments in employee development, guided by HR insights, can significantly enhance employee retention.