What Is Employee Turnover and Employee Retention?

Bonusly

When we talk about employee turnover, we mean the number of employees who leave an organization over a specified timeframe, typically one year. On the other hand, employee retention is number of employees an organization keeps during a given period. Who is responsible for turnover?

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

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How Does Turnover Impact Your Organization’s Bottom Line?

Visier

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. Changing the question from “What is our turnover rate?” to “What is the cost of our turnover?”

How To Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

The Internal Mobility Metrics You Should Be Tracking (HR Zone)

Paddle HR

Without the right KPIs, there’s no way that senior leaders can understand whether their internal mobility efforts are having the desired impact on employee development or retention. Of course, this single metric alone doesn’t tell the full story of high performing internal mobility practices.

How to Save Your Company from Unhealthy Turnover and Optimize Retention

Bonusly

High turnover is a major concern for many organizations. But how do you know if your turnover really is an issue? Let’s take an analytical approach to retention. Turnover is a key HR metric and tends to be understood by leadership as a serious risk.

Futureproof Your Organization with These 8 Manager Effectiveness Metrics

Visier

Whether your organization is ready to adapt these new roles or wishes to coach current managers to be more effective, this updated article provides the key metrics you need to measure their success by. . Here are two distinct sets of metrics for each type of manager.

How Foot Locker Can Reduce Employee Turnover with Workforce Analytics

Visier

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority?

Employee Turnover is Highest in January: How to Keep Critical Employees from Leaving

Visier

This is the time of year when employers need to be proactive with their employee retention strategies. The Cost of Employee Turnover. Employee turnover is the single most prevalent HR metric. How to Reduce Employee Turnover.

Workplace Flexibility Helps Employee Retention

HSD Metrics

Increasingly, employees at all levels and across all demographic groups are finding it challenging to manage the time they spend at work and the time to attend to their personal needs. Higher Employee Morale: Having more flexibility lowers absenteeism and even employee turnover.

Without Retention, Diversity Efforts Fall Short

Reflektive

Therefore, many technology companies are directing large sums of money to increase internal diversity metrics and cultivate a broader pipeline of minority candidates. Their “ Tech Leavers Study ” delves deeply into the reasons individuals move on from tech positions, particularly people from minority groups. Unfair treatment is the single largest factor in turnover across all groups and it is significantly more pronounced in the tech industry than other industries.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people.

10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). Here are the steps to achieving this: Identify your Retention Problem.

Five Must-Have Manager Effectiveness Metrics for Engagement, Performance, and Tech Innovation Success

Visier

How to Link Workforce Metrics With Business Outcomes, Part Two. The second in a four-part series on linking workforce metrics to business outcomes, this post looks at five key metrics for manager effectiveness that will help your organization motivate talented people.

Handling Conflict between Different Workplace Departments

HSD Metrics

For example , two managers of different groups have strong individual goals for their departments, each feeling strongly that one was right over the company policies and procedures than the other, but ended up losing sight of how it all fit in with the overall company goal.

What Your Company Can Learn by Tracking Employee Turnover

LaborSoft

HR departments stand to gain a lot by tracking employee turnover. Valuable data can be collected and deeper insights drawn to reveal the potential source of the turnover, whether it be job dissatisfaction or other more personal reasons. This key HR metric can help companies assess and prioritize changes or adjustments to their culture or practices in order to decrease attrition and ensure retention of employees in the future. Turn Over Your Turnover Findings.

Manager Tips: How to Deal with Bullies on your Team

HSD Metrics

There is a core group of four employees led by John Doe* and with influence from Sue Smith* that cause widespread problems that are affecting the company’s bottom line through confusion, lost productivity, low morale and employee turnover.” – Comment obtained in ExitRight ® exit interview.

Why Tenure Metrics Matter: The Value Of A Stable Workforce 

SuccessFactors

Employee tenure is one of the oldest human capital metrics. But research indicates tenure is a valuable metric of workforce stability that can help companies maintain steady performance in a world of accelerating change. But tenure is not a trivial metric to be ignored.

What’s Your Most Useful Metric? More Results of Our HR Metrics Survey

HR Daily Advisor

In yesterday’s Advisor , we shared some of the results of our nationwide survey on HR metrics. Today, more of our findings, including measures of turnover, compensation, and training. 604 individuals participated in the HR Daily Advisor ’s HR Metrics Survey, conducted in April 2015.

How to Combat a High Turnover Rate - Sapling Blog

Sapling

Given the competitive talent landscape, employee turnover rate is one of the most important HR metrics to track, analyze, and optimize. average turnover rate around 10 percent is considered healthy to maintain an influx of fresh ideas, but often varies by industry or role.

Should You Use Retention Surveys or Stay Interviews?

HSD Metrics

Why Conduct On-Line Retention Surveys. Many employers face high employee turnover rates, and the results are costly. One approach to learning and acknowledging why an employee is choosing to stay with a company is by conducting retention surveys. appeared first on HSD Metrics.

Should You Use Retention Surveys or Stay Interviews?

HSD Metrics

Why Conduct On-Line Retention Surveys. Many employers face high employee turnover rates, and the results are costly. One approach to learning and acknowledging why an employee is choosing to stay with a company is by conducting retention surveys. appeared first on HSD Metrics.

Maintaining Employee Morale through Company Leadership Changes

HSD Metrics

In order to maintain success and stability through the transition, efforts must be made towards employee retention. When a group is fairly tight-knit, as the beginning quote references, any change is going to feel as though the balance has been thrown.

How to Retain Employees Without Spending More -12 Easy Tips

SocialChorus

It is critical to your business’s long-term health and success, and turnover costs are high. Employee Retention Definition. What is employee retention? Keeping employees at your company is an important priority because the costs of employee turnover are so high.

How to Evaluate the Success of Your Company’s Onboarding Program

HR Bartender

The group can agree on things like less turnover, more employee engagement, and increased productivity. Then, the group can figure out how they want to track those results. In addition to the turnover rate, the cost of turnover could be equally significant.

The Results of Our HR Metrics Best Practices Survey Are In!

HR Daily Advisor

The HR Daily Advisor’ s HR Metrics Survey, conducted in April 2015, sought to gain a better understanding of how metrics are being utilized in the field of human resources. Does HR use metrics to gauge its own performance as a department? tracking the metric as opposed to 50.3%

8 Things You Need to Fix to Increase Employee Retention

Linkedin Talent Blog

Recently, the Department of Labor reported that turnover is now at its highest level since 2008. Because a lot of executives don’t realize the tremendous cost of turnover: (e.g. Without data to understand problem areas and plan ahead, it’s no wonder retention efforts are failing.

Seven Steps to Meaningful Diversity and Inclusion Metrics

i4cp

In the world of business, metrics hold a special place—and rightfully so. To drive and guide a successful plan to diversify an organization or businesses group and make them more inclusive, we need to be able to measure our progress. A lot of D&I practitioners may gleefully note that there is no lack of metrics in the diversity and inclusion space—but which will move the needle on performance? The metrics and models to apply them in various situations filled eight pages.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

The future of HR metrics is predictive, but that’s not fully ready yet. As more businesses use analytics to make decisions, HR teams are feeling the pressure to leverage big data to improve things like time to hire and employee retention. Predictive HR metrics.

7 Reasons Your Employee Retention Efforts Are Failing, and What You Can Do About It

Linkedin Talent Blog

The Department of Labor reports that employee turnover is now at its highest level since 2008. However, it’s a fact that most corporations spend more time on product inventory turnover than they do on employee turnover, even though employee turnover often has a much higher impact.

How HR Metrics Help You Make Smarter Decisions

SAP Innovation

The future of HR metrics is predictive, but that’s not fully ready yet. As more businesses use analytics to make decisions, HR teams are feeling the pressure to leverage big data to improve things like time to hire and employee retention. Predictive HR metrics.

Unintended Consequences Matter: Learning to See Bystanderism and Microaggression as Contributors to Employee Turnover in the Workplace

Inpower Coaching

I find it mind-boggling that after hundreds of millions of dollars in corporate diversity program funding over decades, diversity-unfriendly work environments still contribute to higher employee turnover among black and hispanic workers.

Promoting from Within Should Be a Priority

HSD Metrics

Stay interviews help you strengthen your overall employee retention plan, whether it is needed in a particular department or across the entire organization. The post Promoting from Within Should Be a Priority appeared first on HSD Metrics.

Don’t Lose Employees over Job Security Concerns

HSD Metrics

Even with an improved economy, if employees do not feel secure in their current jobs, your business could be at risk of high turnover rates. Without job security, your employee engagement may be lower and your turnover could be higher than desired.

Survey Says…

HRO Today

Harkins, vice president of client success and engagement solutions at Inspirus, a Sodexo Group company. Another has leveraged the data to identify the development needs of its first-line supervisors and build the business case for investment in this group. Finding the Right Metrics.

A Comprehensive Guide to Building a Talent Management Process

Digital HR Tech

Retention. Lower turnover. When the entire talent management cycle – hiring and selection, learning and development, engagement and culture building, and succession planning – is optimized for your organization, your turnover rate should plummet. Retention.

13 HR Stats That Will Make You Lose Sleep This Halloween

Achievers

This is vital information, since the proportion of 55-and-older workers in the labor force is rising, and the Bureau of Labor Statistics expects that age group to represent 25 percent of the working population (40.6