Insperity

JANUARY 21, 2021

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee turnover? So, the turnover rate in this example is 21.62

Retention and Turnover 77

Retention and Turnover Hiring Software Onboarding Software Retirement 77

PeopleStrategy

NOVEMBER 7, 2023

HR can help engage and align employees with the organization’s purpose and values, which can positively impact an organization’s attraction and retention efforts. Despite all that must be done at year’s end, HR must ensure these reports and compliance notices are prepared and submitted in a timely manner to avoid penalties and fines.

Hiring Software 130

Hiring Software Retention and Turnover Recruiting Software Payroll 130

Payactiv

MARCH 27, 2023

Everything you need to know about Healthcare Hiring Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 was a chronic staff shortage, fueled by industry-wide competition for top talent and high turnover rates. In 2020, hospital registered nurse turnover was 18.7% (U.S.).

Hiring Software 52

Hiring Software Staffing Software Bonuses and Incentives Retention and Turnover 52

HiBob

AUGUST 2, 2023

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. Employee turnover and retention Employee turnover and retention rates are two of the most crucial HR metrics a company can measure.

HR Software 78

HR Software Hiring Software Recruiting Software Data 78

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

Visier

DECEMBER 3, 2019

Employee turnover is a critical challenge that almost all HR managers stress over. Turnover rate is a typical measurement that many organizations use as a scorecard for HR. However, the true cost of turnover can’t be analyzed by simply knowing your attrition rate and whether or not it has increased or decreased.

Retention and Turnover 195

Retention and Turnover Hiring Software Recruiting Software HR Software 195

Insperity

MAY 14, 2024

Ever since the COVID-19 pandemic and the subsequent onset of The Great Resignation , improving employee retention ranks as one of employers’ main concerns and priorities. As it turns out, there’s a critical link between employee development and retention. The answers get to the heart of why development impacts retention.

Retention and Turnover 95

Retention and Turnover Bonuses and Incentives HR Planning Compliance Training 95

HRExecutive

DECEMBER 16, 2021

The Bureau also reported almost 11 million job openings of October 2021. Turnover remains historically high as 4.2 It’s the most important retention strategy you have. For more on what I see ahead in 2022, download my annual predictions report here. The labor market has gone crazy.

Hiring Software 137

Hiring Software Recruiting Software Hiring Assessment Software 137

Hppy

APRIL 16, 2024

From recruitment to retention, every stage of an employee’s journey presents opportunities to instill a culture of cybersecurity consciousness. Incorporating gamification elements into training modules can enhance engagement and knowledge retention among employees.

Recruiting Software 91

Recruiting Software HR Software Hiring Software Recruitment 91

Reflektive

AUGUST 27, 2018

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? The High Cost of Turnover. A Gallup report found that 21% of Millennial workers say they’ve changed jobs within the past year—a percentage that’s three times higher than non-Millennials.

Retention and Turnover 186

Retention and Turnover Hiring Software Compliance Training Onboarding Software 186

Achievers

JANUARY 12, 2021

Here’s a not-so-fun fact: Retail employees leave their positions at a rate that’s over four times higher than the average turnover rate in all other industries. When you add it all up, retail employee turnover is incredibly expensive. . 5 strategies for retaining retail employees .

Retention and Turnover 124

Retention and Turnover Hiring Software How To Employee Recognition 124

Trusaic

JANUARY 24, 2022

With race and gender-based workplace discrimination at the forefront, negative health outcomes, lower productivity, lack of trust, reduced morale, lack of job satisfaction, and increased turnover followed. . Included in the annual report, organizations must disclose : .

Report 130

Report Hiring Software Retention and Turnover Bonuses and Incentives 130

ForUsAll

JULY 16, 2018

Employee turnover is a frustrating problem. Employee turnover is a really difficult problem to fix, too. Employee turnover isn’t an unsolvable problem. We’ve assembled a list of strategies that several companies – both large and small – have used to knock their employee retention out of the water.

Retention and Turnover 40

Retention and Turnover Hiring Software Video Recruiting Interview Software 40

Best Money Moves

JANUARY 11, 2022

Improve employee retention in 2022: Utilize financial wellness benefits. Financial stress is an increasing contributor to high employee turnover and now, more than ever, your team needs relief. So, helping your employees tackle their stress can keep your retention up — and battling financial stress specifically is key. .

Wellness 111

Wellness Retention and Turnover HR Software Survey 111

Visier

JULY 25, 2019

Reducing Manager Turnover: Does People Analytics Drive Results? In terms of addressing manager turnover, a big question for many HR leaders is whether people analytics actually delivers value. banking franchise reduced annual turnover for customer account managers by 44% with our people analytics platform.

Analytics 342

Analytics Retention and Turnover Visier Data 342

Payactiv

MARCH 28, 2022

Download our whitepaper. Download eBook. The average call center turnover rate averages between 30% to 45%. This turnover rate is considered very high. Agent Turnover — Why Are They Quitting? 43% of call centers reported 25% of their employees returned to the office since lockdowns ended. Source: [link].

Industry 52

Industry Wage and Hour Training Bonuses and Incentives Hiring Software 52

Payactiv

MARCH 22, 2022

The turnover rate near double creates the perfect storm. Download our whitepaper to learn about the 5 strategies that can help you hire. Download Now. Healthcare systems are experiencing double-digit turnover rates and difficulty recruiting. Here’s what you can do to keep your team from burnout, engaged and loyal.

Industry 52

Industry Hiring Software Staffing Software Wage and Hour Training 52

Payactiv

MARCH 27, 2023

Everything you need to know about Healthcare Hiring Healthcare executives agree that the greatest challenge to hospitals and health systems in 2022 was a chronic staff shortage, fueled by industry-wide competition for top talent and high turnover rates. In 2020, hospital registered nurse turnover was 18.7% (U.S.).

Industry 52

Industry Hiring Software Staffing Software Bonuses and Incentives 52

Best Money Moves

SEPTEMBER 15, 2021

For retention, reducing financial stress is key. Financial stress is a major but often overlooked factor to employee turnover. So, financial wellness initiatives can be invaluable retention tools. Turnover is a major problem for employers — and it’s getting worse. So, how can you increase employee retention?

Hiring Software 95

Hiring Software Retention and Turnover Wage and Hour Training Compliance Training 95

Criteria Corp

OCTOBER 6, 2022

Turnover remains a top concern for many companies in 2022. Implementing a talent mobility program is a powerful triple-threat : it drives employee engagement, helps you maintain a highly-skilled workforce, and reduces turnover rates. The post Can Talent Mobility Programs Cut Down Turnover?

Retention and Turnover 52

Retention and Turnover Benchmarking Report Employee Engagement 52

DailyPay

APRIL 20, 2022

This sector is also grappling with a high turnover rate on top of rising customer expectations – all of which makes driving profitability and revenue growth all the more difficult. Now, 45% of former employees report that they are seeking jobs with higher pay, while 29% are in search of improved benefits.³

Industry 52

Industry Retention and Turnover Hiring Software Staffing Software 52

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. And that turnover is expensive. In fact, not delivering on promises is the fastest growing cause of voluntary turnover.

Onboarding Software 244

Onboarding Software Onboarding Hiring Software Data 244

Bonusly

DECEMBER 6, 2022

Employee retention is top-of-mind for nearly every organization, and it’s easy to see why— losing employees can mean losing valuable institutional knowledge, lower morale in remaining team members, and lost productivity. Being mindful of the core issues that drive turnover goes a long way in improving retention.

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software Recruiting Software 98

Primalogik

FEBRUARY 3, 2022

The category with the second-highest turnover rate is management consulting ; enterprise software follows close behind. Why does turnover matter? Here are a few of the main reasons to take action against it now: High turnover drives down morale. Learn how to take action to reduce turnover starting right now. Navigation.

Retention and Turnover 98

Retention and Turnover HR Planning Onboarding Software Planning Tools 98

ClearCompany HRM

MAY 9, 2023

High levels of engagement correlate with several indicators of success, including higher retention, more productivity, and increased revenue.

ClearCompany 382

ClearCompany Employee Engagement HR Software Planning Tools 382

Insperity

AUGUST 12, 2021

Yet there’s another rising issue with which employers must prepare to contend: post-pandemic employee turnover. According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future. It’s anyone’s guess.

Retention and Turnover 139

Retention and Turnover Planning Tools Employee Engagement Assessment Software 139

Hppy

APRIL 23, 2017

Employee turnover is fast becoming a challenge for organizations around the world. In a report provided by the Hay Group, the turnover rate for the time period of 2013 to 2018 is anticipated to be 23 percent. First, let’s take a look at the hard costs of high turnover. The increased retention resulted in a savings of $6.7

Retention and Turnover 160

Retention and Turnover Hiring Software Assessment Software Compliance Training 160

ClearCompany HRM

OCTOBER 31, 2023

Inaccurate job descriptions not only drive away great candidates — they attract the wrong ones, leading to expensive hiring mistakes and high employee turnover. It increases productivity and long-term job satisfaction and leads to higher retention of talented team members.

Hiring Software 256

Hiring Software Onboarding Software Interview Software Recruiting Software 256

ClearCompany HRM

MARCH 7, 2023

HR trends this year indicate a continued focus on employee experience and well-being in light of low engagement and high levels of burnout and turnover. Teach your current employees new skills and train them on additional responsibilities to prepare them for career paths within your company — which benefits retention, too.

ClearCompany 355

ClearCompany Performance Management Trends HR Software 355

Analytics in HR

NOVEMBER 28, 2022

Download the performance improvement template as a Word doc or an editable PDF. Download PIP Template (Word Doc). Addressing performance issues quickly and effectively will boost your bottom line, and when your focus is on improving performance instead of letting employees slowly burnout and leave, you reduce turnover.

Planning Tools 111

Planning Tools HR Software Metrics Assessment Software 111

Analytics in HR

APRIL 21, 2023

Download Exit Interview Questions Template What is an exit interview? Lowering employee turnover Companies should prevent employee turnover because it costs the company time and money to recruit new employees. That enables you to create targeted strategies to prevent unwanted turnover. can help you improve your retention.

Video Recruiting 87

Video Recruiting Interview Software Hiring Software Onboarding Software 87

Insperity

OCTOBER 17, 2023

There are lots of tips out there for guiding managers in retaining their direct reports. Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.

HR Planning 102

HR Planning HR Software Hiring Software Strategy 102

ForUsAll

JULY 2, 2018

Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost. How to Calculate Employee Retention Rate.

Retention and Turnover 58

Retention and Turnover How To Metrics Retirement 58

WorkHuman

APRIL 4, 2017

If you’ve been following the Globoforce blog these past few months, you may recall that we recently published a report with findings from the 2016 SHRM/Globoforce employee recognition survey. The report is packed with new insights on workforce challenges from HR leaders and practitioners in the United States. Succession planning (56%).

Globoforce 127

Globoforce Global HR HR Trends Report 127

ClearCompany HRM

NOVEMBER 29, 2022

Lost productivity, absenteeism, and employee turnover all result in substantial financial losses. Voluntary turnover alone is thought to cost $630 billion. According to the Workplace Outcome Suite Report, EAP counseling alone can yield cost savings of up to $3,500 per employee. Improves Employee Retention.

ClearCompany 441

ClearCompany Hiring Software Retention and Turnover Planning Tools 441

Hppy

FEBRUARY 2, 2018

and the department of labor reporting average job tenure declining, retaining the employees you have is much more important now than it was a few years ago. If your employee retention rate is low and employee turnover is high, meaning that employees are jumping ship faster than you can hire new ones to replace them, there might be a reason.

Retention and Turnover 155

Retention and Turnover Wage and Hour Training Sexual Harassment Harassment 155

marenated HR

APRIL 11, 2022

For most companies, this period of decreasing levels of employee retention and higher rates of turnover brought on a hiring market that felt impossible to navigate to keep the upper hand. Here is how to go zero to hero with talent attraction and retention. You can read about it here. Or even here. Give the People What They Want.

Talent Experience 132

Talent Experience Retention and Turnover Diversity Hiring 132