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 long work of human resources is to keep employees happy, so what’s the psychology behind employee retention? Chances are, you derive some meaning or worthiness from your work, and that’s why you’re still there — all other things being equal. Why Are You Still Here?

How HR can navigate the emerging world of culture tech

HRExecutive

Not only is it easy to see how this technology could be used to help people work smarter, but one could also see applications in enhancing diversity and inclusion, increasing manager effectiveness and even guiding employees through periods of large organizational change.

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

Systems like MintMesh and others provide that functionality and help companies to get a grasp on what is typically operated as a “shoot from the hip” type of program. Using Referrals to Improve Diversity Diversity has become an HR buzzword, thrown around in meetings and leveraged for positive PR, but what does diversity really mean? Legally, diversity refers to the age, socioeconomic background, gender, race and ethnicity differences in your workforce.

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

Visier

There are a few areas where technology companies commonly struggle to improve when it comes to their people: Recruitment, Workforce Diversity, Retention, and Strategic Workforce Planning. Develop The Right Mix of Workforce Diversity.

Healthcare’s Challenging Relationship Between Onboarding and Employee Retention

Hospital Recruiting

The healthcare industry is suffering due to under staffing and low employee retention rates. Healthcare facilities benefit from an employee’s long tenure, but retention is difficult for some facilities. By implementing an onboarding process, organizations will see results: a diverse staff that grows and stays. A recent study of a 187-bed community hospital located in Washington, DC reported new hire turnover decreased from 39.1% Turnover rates and costs.

HR TechStack – Learning Management System

WhoKnows

Learning Management System (LMS) Software Definition. Learning management systems (LMSs) are software platforms for instructors to manage and organize educational courses online and provide students a single location for all course material. To qualify for inclusion in the Learning Management Systems (LMS) category, a product must: Deliver online course content to learners. The HR TechStack for Learning Management Systems. HR TechStack – Learning Management System.

Construction and Diversity: Are You Being Left Behind?

BirdDogHR - Recruitment

Construction and Diversity: Are You Being Left Behind? The article advocates for diversity as a way to broaden the workforce and ensure that everyone who can work, is. Diversity is an answer to the skills gap , and will create an applicant pool with varied talents and backgrounds. Here’s how to encourage diversity in your construction business. A diverse workforce has diverse needs. Equal work for equal pay is a good place to start.

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. For example, if the organization plans to expand, HR’s recruitment strategy should focus on creating systems that will allow the company to recruit and hire top talent. Here are three additional HR strategies your organization may be overlooking: Create a Retention Strategy. Create employee handbooks ?.

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. Despite an increased trend towards equal parenting, in today’s society women still typically take on more of the family care responsibilities.

3 Must-Read Digital HR and HR Tech Articles of September 2018

Digital HR Tech

The top articles of September feature a business case for onboarding automation, an article on the pipeline opportunity for diversity in tech, a piece on the importance of hiring for soft skills, and a video with our experts explaining what excites them about Organizational Network Analysis (ONA).

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

KeenAlignment

Human resources professionals can help decrease employee turnover by baking learning and development opportunities into company culture. Part of having a growth mindset is keeping an eye out for ways to improve systems and processes.

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. While communication tools like Slack, Email, Zoom, etc provide ways to collaborate with your team, equally important is the need to understand personality types, common interests, and the personal why of an individual. The number one cited reason for turnover is your boss. Employee engagement translates to employee retention.

Becoming Simply Irresistible: Positive work environment

HR Times

We also studied this topic and found that “high-recognition companies” have 31 percent lower voluntary turnover than companies with poor recognition cultures. 9 These companies tend to build a culture of recognition through social reward systems (tools that give people points or kudos to reward others), weekly or monthly thank-you activities, and a general culture of appreciating everyone from top to bottom. Fair, inclusive, diverse work environment. Part 3 of 5.

Five Powerful Ways Your HR Team Can Leverage Big Data

SuccessFactors

Big Data describes the huge amount of data, both structured and unstructured, that people and systems are using. Analyzing various internal surveys can help HR understand what improves retention. If common employee complaints are identified in surveys, HR can eliminate them to prevent employee turnover. Survey analysis can also help HR: plan new, more effective talent-retention programs. The term “Big Data” seems mysterious to many HR organizations.

8 Benefits of Using People Analytics

Visier - Talent Acquisition

Performance turnover in key jobs. Diversity hires in customer-impact positions. Employee retention. Mitigating turnover is one of the most effective applications of people analytics. Increasing diversity. Diversity can be a very powerful thing for businesses.

Becoming Simply Irresistible: Positive work environment

Bersin

We also studied this topic and found that “high-recognition companies” have 31 percent lower voluntary turnover than companies with poor recognition cultures. Fair, inclusive, diverse work environment. Of course, a workplace should also be fair, inclusive, and diverse.

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.

5 Winning Tips to Retain Millennials

Vantage Circle

The results of this survey might help you discover issues and barriers contributing to turnover. As a result, the long-term benefit of this strategy would be a higher retention rate, as more Millennial employees will be happy with the way you run the company. As far as Millennials are concerned, company benefits aren’t created equal. To make more people want to stay with your company, you need to have a system of company benefits that Millennials actually seek.

Top 10 HR Trends to Watch in 2020.

CuteHR

For Example, an organization that is struggling with a high rate of employee turnover may not be knowing the exact reason behind the same. identify the rationale and eventually devise a strong retention plan to retain top talent.

Complete HR Guide to Talent Management In 2020

CuteHR

It is due to the visible, significant impact that it has on employee turnover and overall output, that talent management gains prominence. There are profuse activities in a talent management system that are intrinsically woven together in a company fabric. Here you can consider using technology like Applicant tracking systems software to make work simpler for you. Retention . This aspect of talent retention is reflected in a company’s turnover rate.

Establishing the Value of People Analytics Outside of HR

HR Daily Advisor

With the data and analytical systems available today, HR can have a bigger positive impact on critical business issues than ever before. Equally important is the need to encourage and establish a culture of data-driven decision making.

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? Diversity. What’s Wrong With Retention Bonuses? Employee Turnover. Employee Retention.

Cape Town: Employment Equity Compliance Certificate Now Valid For 12 Months

Global People Strategist

A designated employer means an employer who employs 50 or more employees or has a total annual turnover as reflected in Schedule 4 of the Act, municipalities, and organs of state. Employment Equity.

How to be a great recruiter

Workable

Interviews, when treated as discussions between equals, help you discover whether future collaborations will be mutually beneficial. Vote for diversity. Building a diverse team means hiring people regardless of non job-related criteria, like their college pedigree. A blind hiring system will help your hiring team reach more objective decisions. Your actions as a recruiter may play a larger role in their retention than you think.

How to Use Applicant Tracking for Construction Candidates

BirdDogHR - Recruitment

The BirdDogHR Recruitment and Applicant Tracking System (ATS) is a centralized, cloud-based solution that includes every element a recruiter will need to bring on new staff: an application page that meets the branding of your company, job ad distribution, candidate management, and reporting tools that will ensure your company maintains compliance. Access applicant information as soon as they submit to the system, and manage candidates better than ever before. Diversity. (3).

Survey Says…

HRO Today

For most, this program consists of employee feedback systems (60 percent), company events (52 percent), recognition programs (45 percent), and more. These components have the strongest impact on employee performance, retention, and organizational performance,” she explains.

Develop an All-round Employee Onboarding Program (Checklist)

CuteHR

Not only for the workforce, but digital onboarding can also be linked and bring about an integration of systems like ATS, payroll, performance managing forums and training units. However, this retention rate can be positively influenced by the presence of a digital onboarding process more.

Top 15 Employee Engagement Strategies for 2020

CuteHR

Structured employee engagement plan for your company can significantly improve company performance across several key functions, such as; Profitability, Productivity, customer satisfaction, Innovation, Health and safety, Sickness and absence, Employee turnover and well being. Any specific reward-recognition initiative will depend on your organization structure, financial strength, diversity of employee background, etc. Rewards and Recognition System.

Dealing with Most Common HR Problems

Effortless HR

Failing to solve even the most common issues leads to poor employee retention, resulting in massive turnover costs not to mention the loss of investments in terms of training. Organizations hire diverse workforces to promote equality, which is in addition to taking advantage of the vast talent available out there. Managers should establish and implement recruitment policies that guarantee a diverse workforce. Guest Post by Andre Smith.

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. For their 15th summit, the Global Recruiter picked a hot topic to discuss: diversity in recruitment. The convention will examine diversity from two perspectives: the challenges and initiatives established by recruitment agencies and the expectations of clients.

2018 Employee Engagement Statistics To Rethink Every Manager’s Role

Vantage Circle

Companies that used employee benefits as a strategic tool for retention showed twice as likely to have an engaged workforce. Offer a point-based rewarding system. 69% of millennials show loyalty to a diverse and flexible work culture. According to a study by Deloitte, millennials place diversity as a basis for loyalty. It is further enhanced when businesses and their senior management teams are diverse. Have lower turnover rates.

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. The focus areas of the gathering are staffing and recruitment, healthcare, office solutions, education, digital learning, HR systems, staff benefits, business services, and business travel. 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. When you want to build a diverse hiring process, you often need to proactively reach out to candidate groups that don’t traditionally apply for your open roles. Referrals help you: Improve retention. increase diversity, improve gender balance, boost employee morale)? If you don’t have a system for referrals in place, email is your best option. Referrals against diversity.

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. And since existing employees are already up to speed on internal systems and processes, 69% of respondents agree internal recruiting can accelerate new hire productivity.

iCIMS - Technology for Induction - and ensuring Quality of Hire ~ HR.

Strategic HCM

The high first year turnover experienced in many, many organisations isn’t usually down to poor selection, it’s about everything else that’s going on instead. This system helps ensure employees are productive as quickly as possible - having access to all the information they need, and being able to provide their own data online. Perhaps less intuitively, iCIMS are also seeing positive impacts on their client’s engagement scores and retention rates as well.

iCIMS 56

Will HR Close the Great Divide?

NCHRA

The turnover timeframe of Fortune 500 companies has shrunk. Cloud based solutions that are nimble and accessible with very little infrastructure are available to much smaller companies equalizing the playing field. Collaboration has risen to new levels because of the diverse factors that are required to lead in a dynamic marketplace. Rewards - Do we believe the current rewards systems really drive business outcomes? How HR Can Enable High Impact Business Results.