Remove Data Remove Examples Remove Retention and Turnover Remove Talent Experience
article thumbnail

How New York Life reduced employee turnover

HR Brew

As the competition for talent remains fierce, HR pros should consider the elements of a successful recruitment and retention strategy. The insurance company’s employee turnover rate was 7% in 2023, compared to 10% in 2022, she told HR Brew. The average turnover rate in US businesses was 17.3% Can you give us an example?

article thumbnail

Crucial HR KPIs you need to make data-driven decisions

Business Management Daily

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. For example, measuring your employee productivity will let you know how much work your team can get done during the day.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How HR tech’s people data boosts business performance

HiBob

Today’s best HR strategy leans on people tech to take the focus off the paperwork and put the emphasis on improving culture, employee engagement and retention, and the business’s bottom line. Next, we’re going to get into the HR metrics that matter most , the data they’re collecting, and how that helps the business excel.

article thumbnail

A Guide On How To Calculate The Employee Turnover Rate

Vantage Circle

Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction. "Employee turnover" is a word that makes HR practitioners' hearts skip a beat. What is Employee Turnover? What is Employee Turnover?

article thumbnail

Benefits That Employees Actually Want: How To Source and Implement Benefits To Win The Talent War

Speaker: Ellen Meza, Director of Global Benefits, Well-Being and Mobility at DocuSign

Join Ellen Meza, Director of Global Benefits at DocuSign for this step-by-step guide for sourcing and implementing benefits to win the talent war and unlock ROI. Ellen will share real life examples of the benefits she deploys year-round based on data. This year, that upper hand on retention and hiring great talent is paramount.

article thumbnail

Untangling Turnover: What You Can Control, And What You Can't

Bonusly

Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.

article thumbnail

5 ways to strengthen your onboarding and boost ‘time-to-productivity’

HRExecutive

An efficient and effective onboarding process is critical for helping employees gain this knowledge and for maintaining workforce productivity, engagement and retention more broadly. When onboarding takes too long, new hires may experience boredom, make mistakes and feel inadequate, which can lead to stress, job dissatisfaction and turnover.