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Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. Recruiters are great, when you need a recruiter!

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HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”. Here are five ways HR can start improving employee retention today.

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4 Ways to Prevent Your Employees From Quitting

Achievers

Employee turnover, he points out, “costs companies a fortune,” and the numbers agree: Losing an employee in the first year of their tenure can cost your company up to three times the person’s annual salary. Provide relevant training opportunities. These statistics are highlighted by Rich Hein , senior managing editor of CIO Magazine.

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Managers Who Don't Manage Pay

Compensation Cafe

When an employee is promoted to their first manager’s position, they are given the proverbial Keys to the Kingdom. Actions taken by these managers not only increase direct costs but often irritate other staff members as the circumstances become known, creating both morale and internal equity problems. How Did You Get into This Mess?

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21 Highest-Paying HR Jobs in 2023

Analytics in HR

Vice President, Talent Acquisition Salary : $283,000 – $498,000 Job description A VP of Talent Acquisition oversees a team of talent acquisition specialists tasked with recruiting candidates for executive and management positions. Leadership and management: Guide talent acquisition and recruitment teams to achieve hiring objectives.

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Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

Analytics in HR

They work closely with Benefits Analyst, Benefits Specialist, Benefits Manager , and other HR staff to oversee employee enrollment. Some critical aspects of the role include: Benefits administration: Manage employee benefits programs, including health insurance, retirement plans, life insurance, disability coverage, and other offerings.

HIPAA 87
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Employee expectations are shifting. Can you meet them?

PI Worldwide

In some companies, turnover has shot above 30%. But it’s not just companies that are facing turnover—employee expectations are evolving too. They won’t just curb employee turnover. Finally, when employee expectations are met, negative experiences are less likely to cause turnover. They want a better work-life balance.

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