Netchex HR Blog

AUGUST 17, 2023

Turnover has always been a problem in restaurants, but it’s getting harder to ignore. Excessive turnover can become a never-ending loop, with the poor conditions causing more workers to quit. Excessive turnover can become a never-ending loop, with the poor conditions causing more workers to quit. It doesn’t have to be that way.

HR Software 52

HR Software Staffing Software Hiring Software Recruiting Software 52

Homebase

JUNE 22, 2023

You invest resources in hiring, training, and developing your workforce, only to see them walk out the door and into the arms of your competitors. That’s why employee retention is important, especially in the construction industry. That’s why employee retention is important, especially in the construction industry.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

Professional Alternatives

JANUARY 30, 2024

[link] Maximizing Returns: Why Investing in Training is Crucial for Accounting Team Success The importance of training for accounting teams In the fast-paced and ever-changing world of accounting, staying ahead of the curve is essential for success. First and foremost, training improves the overall efficiency of the accounting team.

Compliance Training 52

Compliance Training Staffing Software Training Hiring Software 52

FingerCheck

OCTOBER 19, 2023

A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?

Talent Experience 52

Talent Experience Retention and Turnover Strategy Hiring Software 52

DailyPay

JULY 13, 2021

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often. READ THE EBOOK.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Hiring Software Compliance Training 52

Payactiv

FEBRUARY 29, 2024

Unprecedented levels of employee turnover and the rising cost of living have spurred business leaders to take action to improve retention through benefits that support employees in aspects of their lives beyond work. Wellness benefits also help with employee retention. But what about the “S” in ESG—a company’s social commitment?

Recruiting Software 52

Recruiting Software PayActiv Staffing Software Recruitment 52

Empuls

SEPTEMBER 29, 2023

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. High attrition rates have long plagued the call center industry.

Hiring Software 40

Hiring Software HR Software Recruiting Software Staffing Software 40

ClearCompany HRM

MARCH 1, 2022

And with 25% of workers at risk of quitting, retention is more important than ever: What would happen if 25% of your workforce decided to leave your company? That means that prioritizing employee retention in 2022 is essential. What Is Employee Retention? The Facts: Employee Turnover in 2021. Turnover was 57.3%

ClearCompany 409

ClearCompany Hiring Software Retention and Turnover Onboarding Software 409

ClearCompany HRM

APRIL 27, 2023

According to HR Executive, 86% of HR leaders say they’re putting more effort into employee engagement to improve retention this year. So, HR is in overdrive, calculating employee turnover rates and strategizing long-term engagement and retention plans. But turnover is inevitable — and in some cases, it’s not all bad.

ClearCompany 266

ClearCompany Retention and Turnover HR Software Hiring Software 266

Homebase

MAY 10, 2023

Employee turnover can be one of your biggest costs as a restaurant owner. From creating a job posting , to interviewing candidates , to providing training , employees require a huge investment in both cost and time. High employee turnover is a common battle that restaurants face. And when they leave, it can be expensive.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Staffing Software 52

Business Management Daily

FEBRUARY 26, 2024

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. How much revenue do you lose due to things like absenteeism and presenteeism? What are KPIs, and how do They apply to your HR department?

HR Planning 98

HR Planning HR Software Hiring Software Retention and Turnover 98

Engagedly

FEBRUARY 11, 2024

As the machine learning market is projected to skyrocket from 140 billion dollars to approximately 2 trillion dollars by 2030 , the potential impact on HR becomes increasingly evident. Amidst the myriad possibilities, a pressing question emerges: How will technologies like “machine learning” help HR advance in the future?

HR Software 52

HR Software Hiring Software HR Planning Assessment Software 52

DecisionWise

APRIL 13, 2024

Employee engagement and retention play a pivotal role in the success of any organization, and manufacturing companies are no exception. In this article, we’ll delve into strategies to enhance employee satisfaction, reduce turnover, and create a positive work environment within manufacturing organizations.

Employee Engagement 130

Employee Engagement Decisionwise Retention and Turnover Onboarding Software 130

ClearCompany HRM

JANUARY 26, 2023

If you’re putting it off because it seems like creating an awesome onboarding experience is a big undertaking, don’t worry. You’ll need some resources to get your onboarding plan off the ground, but good news: the initial investment has a huge payoff. A solid program is shown to increase engagement, performance, and retention.

Onboarding Software 379

Onboarding Software Hiring Software HR Software Recruiting Software 379

Prism HR

JANUARY 23, 2023

That includes turnover , which can be a challenge for any company. companies that fall into the small and medium-sized business (SMB) category, turnover can be especially difficult for smaller organizations that feel bottom-line hits much quicker than their larger counterparts. So how do you quantify turnover? Since 48% of U.S.

Onboarding Software 52

Onboarding Software Hiring Software Staffing Software Recruiting Software 52

15Five

NOVEMBER 14, 2023

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

Course 203

Course Retention and Turnover HR Software Metrics 203

Cloverleaf

FEBRUARY 16, 2023

Or, your organization is faced with making difficult decisions about staffing levels and restructuring , which can lead to layoffs and increased turnover. Or, your organization is faced with making difficult decisions about staffing levels and restructuring , which can lead to layoffs and increased turnover.

Hiring Software 69

Hiring Software Strategy Onboarding Software Retention and Turnover 69

EmployeeConnect

FEBRUARY 14, 2024

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Simultaneously, retaining these talents is proving to be just as challenging.

Talent Acquisition 148

Talent Acquisition Hiring Software Recruiting Software HR Software 148

Sterling Check

JUNE 1, 2022

According to a recent NSI Nursing Solutions report , the turnover rate in hospitals now stands at 25.9%, resulting in the average hospital losing between $5.2M-$9.0M each year in associated turnover costs. Addressing employee retention can help lower costs associated with hiring, boost employee morale, and reduce turnover.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Staffing Software 52

15Five

DECEMBER 7, 2023

Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. With the pivotal role managers play in fostering employee engagement, productivity, and retention, it was imperative to equip and support them effectively.

Onboarding Software 207

Onboarding Software Onboarding Retention and Turnover HR Software 207

Essium HRM

NOVEMBER 8, 2023

Some roles may inherently come with steeper learning curves, so it’s crucial not to judge an individual employee’s time to productivity against metrics associated with positions that often come with different timetables. As a result, onboarding often has a direct impact on employee retention.

Onboarding Software 79

Onboarding Software Onboarding Hiring Software Retention and Turnover 79

PandoLogic

AUGUST 11, 2023

The Top Costs Associated with Running a Franchise The top costs of managing a franchise frequently include franchise fees, royalty fees, advertising fees, training fees, supplies and equipment costs, labor costs, rent or lease costs, insurance costs, and ongoing operational costs.

Hiring Software 81

Hiring Software Recruiting Software Staffing Software Wage and Hour Training 81

Achievers

JULY 27, 2022

The Great Resignation means that employee turnover is one of the biggest issues confronting companies today. Unprecedented employee mobility, a lack of available talent in certain industries and fields, and a lack of understanding as to what really drives employee turnover are a combination that’s toxic for organizational success.

Hiring Software 238

Hiring Software Retention and Turnover Onboarding Software HR Software 238

Bonusly

JUNE 13, 2018

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?

Hiring Software 84

Hiring Software Onboarding Software Retention and Turnover Recruiting Software 84

HRExecutive

APRIL 8, 2024

While the movement has been losing some steam over the past year, the cost of employee turnover is still extremely high, as the cost of replacing an employee ranges anywhere from one-half to two times their yearly salary. Much of the total cost involves the direct expenses associated with recruitment , onboarding, training and the like.

Retention and Turnover 104

Retention and Turnover Onboarding Software Recruiting Software Planning Tools 104

ClearCompany HRM

JANUARY 25, 2022

There’s no better year than 2022 to prioritize employee retention — after all, we’ve all heard of the Great Resignation. So, refresh your employee retention strategies for 2022 by tuning into the job market and the demands of today’s labor market. less turnover. An estimated 38 million U.S Support Remote Roles.

ClearCompany 370

ClearCompany Hiring Software Onboarding Software Retention and Turnover 370

Linkedin Talent Blog

OCTOBER 19, 2022

One of the most in-demand jobs on LinkedIn is one many wouldn’t suspect: training supervisor. increase in job posts for “training supervisor” on LinkedIn in Q2 2022 compared to Q1 2022. Training supervisors give employees the tools, structures, and support to gain skills, succeed, and advance in their respective jobs.

Compliance Training 49

Compliance Training Training Retention and Turnover Onboarding Software 49

ClearCompany HRM

OCTOBER 26, 2023

Ever since turnover spiked to 130% during the pandemic and remained as high as 85% into 2021, it’s been even more of a challenge. If your human resources team is like most, you’re balancing the need for fast hiring with the need for effective retention strategies. When done well, onboarding can improve retention by up to 50%.

Onboarding Software 407

Onboarding Software Hiring Software ClearCompany Onboarding 407

HR Digest

APRIL 9, 2023

Employee turnover is a common issue in most organizations. While a certain level of turnover is inevitable, high turnover rates can be detrimental to an organization’s performance, productivity, and profitability. Understanding Employee Turnover Employee turnover can be classified into two categories: voluntary and involuntary.

Retention and Turnover 114

Retention and Turnover Interview Software Talent Management Retirement 114

15Five

JULY 20, 2023

HR Outcomes: An overview At 15Five, we have spent years working hand-in-hand with thousands of HR leaders on their most important priorities, learning precisely which outcomes make the biggest impact on a business. Regrettable turnover is remedied by focusing on understanding why the high-performers aren’t satisfied with staying.

HR Planning 162

HR Planning Retention and Turnover Hiring Software HR Software 162

15Five

JANUARY 16, 2024

Finding, onboarding, and training a replacement employee can cost anywhere from 30-400% of what you were paying the person who left. Here’s a treasure trove of stats on employee retention in 2024. Employee Turnover Statistics Quit rates decreased from Q4 2022 to Q4 2023. From sources like the U.S. years in 2022. In short, no.

Retention and Turnover 184

Retention and Turnover Onboarding Software HR Software Interview Software 184

Hppy

JANUARY 31, 2024

AI, the technology that is revolutionizing efficiency, is poised to transform your recruitment and retention strategies. 43% of HR professionals are already aware of and using this powerful tool , which significantly reduces talent loss while revolutionizing strategies with precision and effectiveness.

Recruiting Software 114

Recruiting Software Onboarding Software Assessment Software Interview Software 114

15Five

JANUARY 17, 2023

We know turnover is expensive, but its costs aren’t just financial — they manifest as lost productivity, lowered innovation, weakened team bonds, and reduced agility. As of 2019, US companies were losing a staggering trillion dollars a year to turnover. Direct and indirect costs of turnover. Direct turnover costs.

Retention and Turnover 130

Retention and Turnover Hiring Software HR Planning Onboarding Software 130

EmployeeConnect

FEBRUARY 12, 2023

Employee retention is a critical issue facing companies in today’s competitive business environment. In this article, we will explore the causes of employee turnover, the benefits of employee retention, and the best practices and strategies for managing a successful and productive workplace.

Hiring Software 130

Hiring Software Retention and Turnover Onboarding Software Productivity 130

Fond

AUGUST 27, 2020

Today’s human resources professionals understand that finding and hiring top talent is only half the battle — if you’re replacing standout employees every couple of years, it’s time to seek out new employee retention ideas that will motivate employees to stay with your company. Why We Need to Talk About Employee Retention.

Retention and Turnover 128

Retention and Turnover Hiring Software HR Planning Planning Tools 128

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 131

HR Software Hiring Software Recruiting Software Retention and Turnover 131

Heyyy HR!

APRIL 17, 2024

Want to know some learning and development (L&D) tactics to boost employee growth and success? By offering relevant training and development opportunities, your organization can attract and retain top talent, ultimately creating a competitive advantage in the industry.

HR Planning 78

HR Planning Compliance Training Resources Retention and Turnover 78