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Employee Turnover Is a More Costly Problem than Researchers Thought, Here’s Why

Zenefits

Researchers have been studying employee turnover —the causes of it, and how to prevent it—since the 1900s. . But our researchers believed looking at the other side of the employee turnover equation— the ways in which employers are impacted by employees who quit— could be more easily understood. . Turnover is a “costly problem.”.

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Since they began studying the topic in the 1900s, analysts have identified countless reasons for employee turnover. How can you use this to improve your retention?

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Zenefits and the Compounding Effect of Cultural Assessment

Women of HR

There is nothing that guides a company to it goals and beyond quite like a dynamic, properly-cultivated corporate culture, and a perfect example of this has recently hit the news: Zenefits. Zenefits’ company values were forged at a time when the emphasis was on discovering a new market, and the company did that brilliantly.

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Measuring HR: Bringing People Analytics to Human Resources

Zenefits

A wealth of data has been at the fingertips of HR professionals itching to delve into it for valuable insight. Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. Almost every process in HR can be measured and improved upon.

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How to Create an Employee Retention Program

Zenefits

Turnover creates an even bigger issue when many people start leaving. If your people are leaving at a higher rate than usual, what you likely need is an employee retention program. Below we outline the steps on how to create an employee retention program, and why you need one. Employee turnover is a (very) costly problem.

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What is Compensation Management?

Zenefits

One of the main benefits of a good compensation management system is pay equity, but there are ample other benefits, like aiding in budget creation, attracting recruits, reducing turnover, and more. Compensation managers are responsible for working with employment data and keeping up with complex benefits administration rules and regulations.

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Why Employee Retention Should be a Top Priority for Small Business

Zenefits

Employee retention (or a lack thereof) is a massive cost for small business owners. Data show that HR technology can improve retention. These are only a few of the important components that contribute to employee retention. What is a retention strategy? What is this data telling you?