Remove Data Remove Diversity and Equality Remove Productivity Remove Retention and Turnover

Without Retention, Diversity Efforts Fall Short

Reflektive

Building diversity in the workplace is an initiative HR leaders cannot afford to miss. Companies with diverse workforces are proven to deliver higher performance and greater innovation. Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. Despite investment in equal-opportunity hiring practices, diversity numbers are unimpressive Click To Tweet.

The Psychology Behind Employee Retention

Kazoo

And yet, do a Google search for “ employee retention ” and you’ll find dozens of articles stating what we’ve known for generations: people want more than just money to find meaning in their work. The time you spend with your best is, quite simply, your most productive time.

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Influence Your CEO With WOW And OW! Talent Data

Visier

Let’s start with an illustrative example: You report your standard turnover metric – that your salesforce turnover rate is 20%. And when you convert the metric to its dollar impact – such as turnover reduced our sales revenue by $2.3 Innovation… plus productivity.

Data 242

15 Ways to Improve Diversity and Inclusion in the Workplace

SocialChorus

Mention diversity in the workplace and you’ll generally get a positive response from executives. That’s because most of them understand the many benefits of a diverse workforce. Diversity in the workplace benefits. And execs know a diverse workforce (in age, race, religion, nationality, sexual orientation, and gender) brings diverse viewpoints and perspectives to the company; these elements can help you develop great new products and great new ways to cater to customers.

Employee Referrals: A Players, Diversity Hiring, and Key Benefits

UpstartHR

Hiring A Players with Referrals Data from one study shows that referrals are the best source for finding quality hires. And our own data at Lighthouse Research says that more than 80% of companies believe that referrals are important for measuring sourcing performance. Gathering the right data to support your referral practices is going to generate higher quality hires, ensuring those A players end up at your organization, not at the competition.

Influence Your CEO With WOW And OW! Talent Data

Visier

Let’s start with an illustrative example: You report your standard turnover metric – that your salesforce turnover rate is 20%. And when you convert the metric to its dollar impact – such as turnover reduced our sales revenue by $2.3 Innovation… plus productivity.

Data 234

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

Editor’s note: This popular post has been updated with new data and information to ensure you’re ready for the talent demands of today and the future. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Employee Turnover: A Major Challenge in Today’s Workforce

HRsoft

Workforce challenges vary by industry, location, and other differentiating factors, but rising employee turnover rates affect virtually all employers. Here, we’ll take a look at why turnover is such a significant issue in today’s workforce.

KPIs Alone Will Not Fix The Diversity Problem

SuccessFactors

Thanks to the recent high-profile media focus, the issue of diversity has finally taken its place front and center of mainstream public interest and is being properly addressed in the workplace. We know bias in business undermines employee commitment, performance, and retention.

Making Data-driven Decisions with HR Reporting - Sapling Blog

Sapling

Diversity and inclusion. Employee retention. This allows them to make more strategic, data-driven People decisions. Turnover rate: Track your turnover rate over time to find patterns, identify potential issues, and plan for backfilling positions.

Creating a Diversity and Inclusion Statement for Your Business (With FREE Workbook)

Zenefits

If your business doesn’t already have a diversity and inclusion statement for your business, you should. When you define your commitment to diversity and inclusion, it directs the company to achieve. Download a FREE Diversity and Inclusion Workbook here.

8 Things You Need to Fix to Increase Employee Retention

Linkedin Talent Blog

Recently, the Department of Labor reported that turnover is now at its highest level since 2008. Because a lot of executives don’t realize the tremendous cost of turnover: (e.g. And, the cost of each employee who walks out the door is $100,000 worth of product.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

While the race to out-innovate with new ideas and products fuels the technology industry at large, the competition between companies is fought most pervasively as on the talent front lines. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. What is Employee Feedback Data?

The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

So, if your metrics don’t directly and unambiguously cover strategic goals like increasing revenue, productivity, or innovation, they simply won’t drive executives to act. This metric is widely accepted by CFOs as the standard workforce productivity metric.

Using Employee Feedback Data to Train the Next Generation of Management

Kazoo

Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. What is Employee Feedback Data?

7 Reasons Your Employee Retention Efforts Are Failing, and What You Can Do About It

Linkedin Talent Blog

The Department of Labor reports that employee turnover is now at its highest level since 2008. However, it’s a fact that most corporations spend more time on product inventory turnover than they do on employee turnover, even though employee turnover often has a much higher impact.

5 Biggest Challenges for HR Leadership Teams

Achievers - Recruiting

Absenteeism costs the country’s employers about $225 billion annually , and that’s only the amount from lost productivity. Improving employee retention. Building a diverse workforce. Brainstorm new strategies to hire diversity of thought in your organization.

3 HR Strategies You May Have Overlooked

Achievers

Many organizations have undergone significant changes in light of new employment regulations and more diverse, younger employees who demand modern HR departments. Here are three additional HR strategies your organization may be overlooking: Create a Retention Strategy.

Survey Says…

HRO Today

Culling data from employee engagement surveys can drive strategic business decisions. One problem holding companies back is the ineffective collection and use of engagement data. Engage with the managers and their teams to learn what both builds and detracts from productive energy.

Overcoming the Manager Divide: How HR can Accelerate the Path to Gender Pay Equity

Visier

Although significant progress has been made in employers proactively pursuing policies of equal pay for equal positions, this alone will not close the gap: gender equity is a complex and systemic issue that requires action on many fronts. Boosting morale and worker productivity.

Thirst for Knowledge

HRO Today

Data shows that the solution is to ensure learning and development (L&D) plays a much more central role in the employee journey. The study found that employees are eager for more frequent, diverse training. Improving Retention with L&D.

HR Advice for Small and Medium Businesses

HR Partner

The culture and leadership within a business have big implications for employee output, innovation and of course, employee turnover. The number one cited reason for turnover is your boss. Employee engagement translates to employee retention. Company Culture Employee Retention

An In-Depth Look at HR’s Role in Employee Engagement

KeenAlignment

Because companies are becoming more culture-focused, and many are gathering data on how engagement affects their bottom line, savvy human resources professionals are on the front lines developing ways to encourage employee engagement in their companies.

Your Cheat Sheet: How To Attract and Retain Top Talent

Best Money Moves

Providing a best-in-class employee financial wellness program increases engagement and productivity while reducing unexplained absences, turnover, and ultimately, healthcare costs. For Employees For Employers employee benefits employee retention financial wellness

8 Influential Employee Engagement Trends for 2019

Bonusly

When employees feel engaged, results have shown that organizations benefit from higher customer satisfaction levels, improved productivity, and greater profits. Diversity & Inclusion. We live in the age of big data, and HR is the next industry poised to make the most of analytics.

Complete HR Guide to Talent Management In 2020

CuteHR

An HR is inclined to cater to the needs of its workforce and contribute to the cultivation of productive and efficient strategies, otherwise reflected through satisfied employees and record-breaking company highs. Retention . Increment in the productivity levels of the employees.

What Is Employee Attrition?

TalenX

For instance, attrition among employees belonging to minority groups could affect the diversity of the organization. FREE Employee Retention Tool – 30 Days Trial. This is (200/1200) x100, which equals to 16.66%. Staff Turnover.

How Gender Pay Gap Affects Your Business

Vantage Circle

Every woman needs to know when she's being discriminated against and what the reasons are why she isn't getting equal pay so we can close that pay gap. In an era when gender inequality in the workplace is in the limelight, the gender pay gap is an equally relevant topic. Retention.

Best Human Resources Book You Should Read in 2020

TalenX

Unfortunately, not all of them are equal. Every organization needs data-backed predictive hiring, workforce diversity management, workforce planning, and training and development solutions (offered by TalenX ). No one likes high employee turnover.

Best recruitment strategies to attract top talent

Workable

If you want to increase diversity. There are many reasons why diversity and inclusion should be part of your overall recruiting strategy. new product releases). data visualization and cybersecurity). If your industry suffers from high turnover rates.

Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]

Ongig

What Are the Benefits of Diversity in the Workplace? Diversity Insight. Employee Retention and Benefits. HR Metrics: How and Why to Calculate Employee Turnover Rate? For More Productive Meetings, Do a Mindset Check-In First. Diversity. Employee Turnover.

Develop an All-round Employee Onboarding Program (Checklist)

CuteHR

This will amp up their speed to yield productive results. Increased Retention – Successful employee onboarding, be it digital or not, will definitely affect the retention rate. Consequently, increasing the retention rate.

How People Analytics Reinvented Employee Engagement Surveys at Google

Impraise

Ever since the term employee engagement first became widely used in the 1990s it has been hailed as the key to high productivity, low retention, profit increase and better customer satisfaction. In fact, they found that to executives, effectiveness meant productivity. Retention?

Employee Engagement Trends: Mental Health, Remote Work, and Social Media – 2020

Contact Monkey - HR

Whether looking at past or present data, there are a lot of employee engagement trends to take stock of, especially as we move towards an increasingly digital world and workplace. . Diversity and inclusion, gender equality, female empowerment .

Have We Finally Outgrown HR?

Linkedin Talent Blog

The discussion spanned career paths, the future of work, diversity and inclusion, and a host of other topics germane to leading people teams in today’s world of work. The scope of responsibility was rarely given the respect equal to its importance in building a successful organization.

The 71+ Biggest HR Tech Conferences to Attend in 2019

Digital HR Tech

d&i Leaders is a global community of senior diversity, inclusion and people focused professionals, looking to collaborate, network and accelerate their workplace inclusion strategy. A conference created to improve your social recruiting strategy using best practices and data-driven decisions. This year’s theme is People Data for Good. For their 15th summit, the Global Recruiter picked a hot topic to discuss: diversity in recruitment.

The recruitment process: 10 things you need to master to succeed

Workable

Increase employee retention and engagement. Imagine the amount of energy, money and resources invested into a single marketing campaign to call attention to a specific product, service, concept or another area. Referrals help you: Improve retention. Referrals against diversity.

The 71+ Biggest HR Tech Conferences to Attend in 2019

Digital HR Tech

d&i Leaders is a global community of senior diversity, inclusion and people focused professionals, looking to collaborate, network and accelerate their workplace inclusion strategy. A conference created to improve your social recruiting strategy using best practices and data-driven decisions. This year’s theme is People Data for Good. For their 15th summit, the Global Recruiter picked a hot topic to discuss: diversity in recruitment.

Employees Stay 41% Longer at Companies That Use This Strategy

Linkedin Talent Blog

This has a monumental impact on the bottom line: Gartner estimates that turnover caused by a lack of future career opportunities costs average-sized companies $49 million per year. This can give your retention and engagement rates a boost even if some employees are happy where they are.