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

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? Prepare to be shocked: SEE ALSO: How to Effectively Change Performance Management. The High Cost of Turnover. Millennial turnover costs the U.S. economy $30.5 economy $30.5

Insiders

Sign Up for our Newsletter

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

article thumbnail

Post-pandemic employee turnover: Why it’s happening and what to do about it

Insperity

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. So, let’s take a closer look.

article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? 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.

article thumbnail

Words of Advice from 7 HR Thought Leaders

Achievers

as much as $600 billion in lost productivity” and that the cost of millennial turnover may be as much as $30 billion. Managers need to stop telling people how to get better when they can’t provide enough staffing, training, tools or information for their people to succeed.”.

article thumbnail

How to Establish a Budget for Training and Development Initiatives

Civility Partners

How Much Do Most Companies Spend on Training and Development? The 2021 Training Industry Report published by Training Magazine indicated the average company spent $1,071 per employee on training in 2021. Perhaps there’s high turnover, people are engaged in toxic behavior, or a recent survey shows people are unhappy.

article thumbnail

Is the HR Accountable for Mass Layoffs?

Keka HR Blog

“Too often, they’re done for short-term gain, but the cost savings are overshadowed by bad publicity, loss of knowledge, weakened engagement, higher voluntary turnover, and lower innovation, which hurt profits in the long run,” write Sandra J. This includes tech companies, which have resorted to mass layoffs yet again in the current wave. →