article thumbnail

Attrition versus turnover: What’s the difference and why does it matter?

Insperity

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

article thumbnail

Is the HR Accountable for Mass Layoffs?

Keka HR Blog

You were there when it happened. The meetings to discuss the need to hire recruiters. To meet the growing demand of the digital boom, overoptimistic firms made the HR hire in droves. The job postings on LinkedIn. The applications. The interviews, the offer letters and the acceptance. You were there when it happened.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

article thumbnail

The Right HR Integration Can Kick-Start Your Hiring in 2023

Sterling Check

As we heard from our visitors on the floor of the last HR Tech conference, HR processes are now business-critical since they’ve become instrumental in hiring and onboarding talent in a competitive hiring market. In turn, this can have longer-term effects of higher turnover and other issues such as low employee engagement.

article thumbnail

A New Management Mindset: 6 Keys for Greater Staffing Stability

HR Daily Advisor

So if we know new staff are unlikely to become “lifers,” how do we extend the tenure of each new hire, even if it’s just a little bit? The following are some specifics to consider: Are resources readily available for new hires to access or do you expect them to memorize what they learn in orientation? Know Your People.

article thumbnail

Reduce Turnover: Develop an Employee Experience Strategy – #WorkInspired

HR Bartender

(Editor’s Note: Today’s post is brought to you by our friends at Kronos , a leading provider of workforce management and human capital management cloud solutions. Kronos was named one of the 2017 Best Workplaces for Giving Back by Fortune Magazine in conjunction with consultancy Great Place to Work. Congrats to them! Enjoy the post.).

Kronos 330
article thumbnail

Shocking Employee Turnover Statistics

Reflektive

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. Due to this propensity for job-hopping, Millennial turnover costs the U.S. Millennial turnover costs the U.S. Why is employee turnover so costly?