Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?

Retention and Turnover 198

Retention and Turnover HR Planning Onboarding Employee Recognition 198

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

Fond

JANUARY 21, 2020

Simultaneously, hospital turnover increased by 0.9% Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. High Turnover and High Growth. The Cost of Turnover.

Retention and Turnover 111

Retention and Turnover Onboarding Software Hiring Software Staffing Software 111

Analytics in HR

FEBRUARY 19, 2024

HR metrics provide a data-driven approach to managing human capital, offer insights into the effectiveness of HR practices, and ultimately predict the future. HR metrics examples in recruitment HR metrics examples related to revenue Other HR metrics examples Soft HR metrics examples FAQ What are HR metrics?

Metrics 95

Metrics HR Software Hiring Software HR Planning 95

Analytics in HR

AUGUST 9, 2022

Therefore, HR leaders are very concerned with keeping employee turnover low. That’s why employee turnover data analysis is a valuable tool in your HR arsenal. Understanding employee turnover helps you prevent employees from leaving and retain top talent. Contents What is employee turnover data analysis?

Analysis 123

Analysis Data Retention and Turnover Hiring Software 123

HRExecutive

APRIL 8, 2024

Just consider the amount of productivity, experience and institutional knowledge that voluntarily walked out the door at the height of the Great Resignation. Higher workloads and lower morale among remaining employees are possibilities, as are disengagement, decreased productivity and the loss of critical skills and leadership.

Retention and Turnover 104

Retention and Turnover Onboarding Software Recruiting Software Planning Tools 104

ExactHire

MAY 17, 2022

An effective onboarding process can have a positive impact on nearly every aspect of your business, from improving retention and engagement to strengthening your company’s culture and employer brand. That’s where your onboarding data comes in. Data and KPIs will help you identify ways you can improve your onboarding process.

Onboarding Software 244

Onboarding Software Onboarding Hiring Software Data 244

Analytics in HR

FEBRUARY 6, 2024

How to set recruitment goals in 10 steps Recruitment goals examples What are recruitment goals? These goals may include specific areas such as: Employer branding : For example, increase positive brand perception among potential candidates. Digital HR : For example, leverage technology to enhance recruitment processes.

Video Recruiting 89

Video Recruiting Recruiting Software Hiring Software Recruitment 89

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? Do you know how much employee turnover costs you each year?

Hiring Software 84

Hiring Software Onboarding Software Retention and Turnover Recruiting Software 84

Analytics in HR

NOVEMBER 2, 2022

HR analytics helps HR professionals and their organizations to improve decision-making through data. In simple terms, HR analytics is the collection and interpretation of human resources data to support evidence-based decisions. With data readily available, HR leaders can answer questions and propose solutions with concrete evidence.

Analytics 115

Analytics HR Planning HR Software Staffing Software 115

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

HR Planning 188

HR Planning Retention and Turnover Objectives & Key Results HR Software 188

DailyPay

MAY 14, 2018

Employee turnover and employee attrition cost your business money. Employee retention is how you combat turnover. Employee retention is an organization’s ability to keep its employees. Employee retention is usually represented as a percentage. It’s natural for organizations to experience turnover.

Retention and Turnover 52

Retention and Turnover Staffing Software TinyPulse Interview Software 52

Analytics in HR

MARCH 21, 2023

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? Contents What is attrition rate?

Hiring Software 109

Hiring Software Retention and Turnover Compliance Training Compensation 109

15Five

JULY 20, 2023

For example, HR played a pivotal role in supporting organizations through COVID-19. These outcomes are: Maximize employee performance Decrease regrettable turnover Improve employee engagement These key areas get the most attention from executive teams and important decision-makers while substantially impacting business results.

HR Planning 160

HR Planning Retention and Turnover Hiring Software HR Software 160

HR Lineup

JANUARY 12, 2024

Financial Perspective: Revenue per Employee: This metric helps evaluate the revenue generated by each employee, indicating their productivity and contribution to the organization’s financial success. Enhanced Decision-Making: The HR Scorecard serves as a valuable tool for data-driven decision-making.

HR Software 74

HR Software Assessment Software Recruiting Software Planning Tools 74

Analytics in HR

JANUARY 4, 2024

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

Retention and Turnover 84

Retention and Turnover HR Planning How To Retirement 84

15Five

APRIL 16, 2024

Without the best tool to help manage and measure employee engagement, you risk missing out on the benefits of a productive, motivated workforce. However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover.

Onboarding Software 207

Onboarding Software Assessment Software HR Software Planning Tools 207

Analytics in HR

DECEMBER 11, 2023

Too little staff can lead to heavy workloads and decreased productivity, while too much staff can create an environment of inefficiency and wasted resources. For example, you might recruit a full-time employee when a part-time position would be better. As an HR professional, you need to ensure workforce optimization.

Hiring Software 82

Hiring Software Staffing Software Recruiting Software Planning Tools 82

Analytics in HR

FEBRUARY 15, 2022

Workforce analysis is a process used to collect, analyze, and interpret data to assess the current state of the workforce and turn it into actionable information which organizations can use to plan to meet their future needs. Metrics such as productivity levels and undesired behaviors of ill-suited employees can be tracked.

Analysis 79

Analysis HR Planning Hiring Software Retention and Turnover 79

Hppy

DECEMBER 25, 2023

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Image by Drazen Zigic on Freepik Understanding the Concept of Talent Retention Talent retention refers to a company’s ability to keep its most valuable employees.

Employee Benefits 113

Employee Benefits HR Planning HR Software Retention and Turnover 113

Vantage Circle

FEBRUARY 25, 2024

Backed by examples, we'll unveil the transformative power of employee recognition. Impact of Recognition on Employee Retention and Employee Experience How can the Recognition Program Drive Business Goals? How Does Recognition Impact Employee Retention? So, let’s dive in! Key Takeaways What is Employee Recognition ?

Employee Recognition 111

Employee Recognition Examples Retention and Turnover Hiring Software 111

UKG

AUGUST 31, 2023

How to Reduce Turnover in Manufacturing heather.vanhou… Thu, 08/31/2023 - 13:23 Main Image Background Color Yellow Body It is no surprise that the tight labor market continues to be a critical issue as manufacturing organizations try to expand and meet escalating demands head-on. The struggle to fill critical labor gaps is real—and expensive.

Retention and Turnover 98

Retention and Turnover UKG Hiring Software Onboarding Software 98

Analytics in HR

JUNE 28, 2022

Employee attrition and employee retention are important HR metrics for developing and managing a robust, productive workforce, especially in the context of Great Resignation. Employee attrition and retention are two concepts on the opposite ends that address the same situation. What is employee retention?

Retention and Turnover 129

Retention and Turnover Metrics Employer Branding Talent Experience 129

Analytics in HR

MAY 10, 2022

Implementing a solid employee retention strategy is critical for any company. Let’s have a look at employee retention metrics that help improve employee retention at your organization. Let’s have a look at employee retention metrics that help improve employee retention at your organization.

Metrics 136

Metrics Retention and Turnover Hiring Software HR Planning 136

cipHR

AUGUST 24, 2021

How can data and predictive analytics help HR teams manage and improve employee retention and shape culture? Employee retention is one of the most widely sought-after ‘people’ outcomes, irrespective of organisation type or industry. In order to be efficient and effective at retaining employees, data is critical.

Data 90

Data Interview Software Retention and Turnover HR Software 90

Visier

NOVEMBER 7, 2018

We had built a leadership development program for our Millennial population with the goal of reducing turnover costs. After the first three cohorts went through the program, we dug into the data, expecting to see just that: promotions driving retention. This was driving retention. But this wasn’t actually happening.

Planning Tools 173

Planning Tools Retention and Turnover HR Software Analysis 173

15Five

APRIL 17, 2024

engaged employees are 44% more productive than workers who only describe themselves as “satisfied,” and inspired employees are 125% more productive. Gallup research also shows that highly engaged teams see a 43% reduction in turnover. Are you particularly worried about turnover? First, because employee engagement matters.

Onboarding Software 211

Onboarding Software HR Software Planning Tools Employee Engagement 211

Bob

NOVEMBER 15, 2023

It’s an ongoing, data-driven process to optimize a company’s most valuable asset—its people—by avoiding shortages or surpluses. HRP is about aligning HR strategies with the evolving needs of your business to ensure optimal performance and productivity while avoiding costly workforce imbalances.

HR Planning 78

HR Planning Planning Tools Hiring Software Resources 78

Analytics in HR

JANUARY 8, 2024

This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys. Types of employee commitment in the workplace Employee commitment survey questions examples How to conduct an employee commitment survey What is an employee commitment?

Survey 86

Survey Examples Retention and Turnover Employer Branding 86

Acendre

OCTOBER 30, 2023

the employee’s annual salary”, Jack Altman said in his How Much Does Employee Turnover Really Cost? These costs include hiring, onboarding, training, ramp time to peak productivity, the loss of engagement from others due to high turnover, higher business error rates, and general culture impacts.” article in the Huffington Post.

Hiring Software 59

Hiring Software Onboarding Software Retention and Turnover Recruiting Software 59

Visier

SEPTEMBER 29, 2021

Employee turnover is a challenge that nearly every organization has to contend with, but people analytics makes predicting turnover easier so you can proactively try to prevent your highest performers from leaving—while protecting the bottom line. How Visier helps you determine employee replacement costs.

Visier 243

Visier Retention and Turnover Hiring Software Onboarding Software 243

Analytics in HR

SEPTEMBER 13, 2022

Dysfunctional turnover does not only cost organizations a lot of money, but it also disrupts work and affects productivity. So let’s look at what dysfunctional turnover is and how you can reduce it in your organization. Contents What is employee turnover? What is dysfunctional turnover?

Retention and Turnover 102

Retention and Turnover Hiring Software HR Planning Interview Software 102

6Q

JUNE 4, 2023

A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company. The good news is, you can implement strategies to reduce staff turnover. What is employee turnover?

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

15Five

NOVEMBER 7, 2023

While HRIS platforms serve as essential repositories for employee data and administrative functions, they were not built to address the complex and dynamic needs of strategic performance management. Their core focus was on data accuracy, compliance, and efficiency in handling routine HR tasks. Recommendations: What should we do?

HR Software 191

HR Software Assessment Software Planning Tools HR Planning 191

Visier

MAY 29, 2018

Hiring, vacancies and turnover are critical measures on both the state of the economy and the health of the organization. Some turnover is healthy for organizations, but the danger in such record-setting times is passing a critical threshold of talent loss. For many organizations, voluntary turnover costs millions of dollars.

Hiring Software 152

Hiring Software Analytics Retention and Turnover Onboarding Software 152

ClearCompany HRM

MAY 11, 2023

Employee #CoreCompetencies can help you eliminate bias, find better candidates, and retain your top talent: Examples of employee core competencies for an executive assistant include attention to detail, problem-solving, and organization. Its benefits range from eliminating bias to decreased employee turnover rates.

ClearCompany 412

ClearCompany Competencies Hiring Software Hiring 412