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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

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Strategic Workforce Planning: Aligning Human Resources With Business Goals

Engagedly

Strategic workforce planning is an essential component of managing human resources effectively. The workforce planning process involves aligning the organization’s workforce with its business goals. This article will discuss strategic workforce planning. What Is Strategic Workforce Planning?

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Should You Use an HRIS Platform for Performance Management?

15Five

The primary goal of performance management is to align individual and team goals with organizational objectives, provide continuous feedback, and support employee development. It should enable you to consistently measure performance, engagement, and retention metrics and facilitate continuous improvement in these areas.

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The Future of Workforce Planning

HR Daily Advisor

Employee turnover is extremely expensive, costing up to 1.5 to 2 times an employee’s salary , and those numbers are rising. They also crave flexibility, autonomy, and recognition of their work. Research from BambooHR found that employee recognition is the top factor when motivating employees in the workplace.

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20 Effective HR OKR Examples: Bringing Out the Best in People

Synergita

Objective: Improve overall employee engagement and satisfaction. KR 1: Increase employee engagement survey participation by 20%. KR 2: Achieve a 10% increase in employee Net Promoter Score (NPS). KR 3: Reduce voluntary turnover rate by 15%. Objective: Develop and implement effective workforce planning strategies.

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6 Biggest HR Challenges in 2021: Looking Ahead

Semos Cloud

Improving employee experience (42%). Workforce planning (38%). Moreover, the lack of employee development plans corresponds to poor leadership skills in newly elected managers and leaders. Ultimately, the lack of development initiatives or their poor implementation leads to increased employee turnover.

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Chief Talent Officer: Everything To Know About This Role

Analytics in HR

And chief talent officer oversees employees’ recruitment, development, and retention to help meet company goals. They are involved in all aspects of talent management, like recruiting , learning and development, performance management , and retention. People are your most important resource in the organization.