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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. You can use KPIs to measure the effectiveness of specific aspects of your human resources department, such as hiring, onboarding, retention, and company culture.

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Employee Retention in Health Care: 4 Keys to Keep Your Best and Brightest

HR Morning

Because the current healthcare climate is heavily focused on meeting strict quality guidelines from the feds and payors while providing top-notch care, employee retention in healthcare is more critical than ever. Retention is difficult in the healthcare industry for several reasons – one of the most significant being employee burnout.

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How to Adapt When Healthcare Provider Shortages Are Worse Than Ever

Hospital Recruiting

Reducing turnover has never been more critical for healthcare providers. Early intervention may be key to retention. Provide stress management classes onsite and online to help clinicians deal with problems they face during the workday and beyond. There may be dozens of low value tasks that can be eliminated or delegated.

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Increase Employee Retention with Learning & Development

Emergenetics International

While it’s unlikely that half of a company’s staff members are going to leave in one year, this statistic might be a wake-up call for leaders and can serve as an important reminder that retention deserves serious attention. Many studies have reinforced the value of people development in relation to turnover. Turnover is expensive.

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Employee Engagement Delivers a 60% Reduction in Employee Turnover

EngagementMultiplier

Over the last year, Engagement Multiplier clients experienced 60% less employee turnover than published averages. For the twelve months ended on 30 September, organisations suffered a turnover rate of 57.3%. For the same period, our clients’ average turnover was 23.17%, a 60% difference. Fresh data. These are big numbers.

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3 Most Common Challenges With On-Demand Pay—and How to Fix Them

Workday

Keeping in mind the high cost of employee turnover, including recruiting and training plus the loss of institutional knowledge, employers should show they care about employee financial wellbeing by promoting benefit programs that help employees stretch their money further,” said authors from the PwC report. On-Demand Pay Is the Future.

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How Workday is Doubling Down on Data and Analytics

Workday

We’re living at a time when we’re awash in data, but short on ways to quickly turn that data into information we can act on with confidence. Much like the sailor in the classic Samuel Taylor Coleridge poem who laments, “Water, water, everywhere, nor any drop to drink,” the problem isn’t the quantity of data.

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