Employee Retention: Beyond Salary and Benefits

HR Topics

Retention is about more than just money. At the end of the day, you can put your money and attention toward employee retention or you can put it toward recruitment and turnover. The keys to employee #retention all center on mutual respect and meaningful work.

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. And, the cost of each employee who walks out the door is $100,000 worth of product.

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7 Ways HRMS Can Transform How Your HR Department

HR Morning

A typical day in HR is… anything but typical. If you haven’t heard about HRMS, now is the time to check out the technology that can streamline HR and help you take back your day. HRMS, HRIS and HCM are various acronyms used for comprehensive HR technology. HRMS has the most modules of any HR technology, but typically has fewer customizations and advanced features compared to specialized software that focuses on an individual module.

Innovative HR and Why Technology Innovators Can’t Survive Without It

Visier

As a tech company, we experience first hand the challenges faced by HR and business leaders in the hyper-competitive tech talent market. A data-driven approach can provide the actionable insights HR needs to get the upper-hand and succeed.

Rub a Little HR Tech On It

Essium HRM

And while we may not be talking broken bones and stitches, we deal with fines, lawsuits, turnover, loss of productivity, and financial consequences that affect a lot of people. PRODUCTIVITY Ultimately, today’s HR tech creates an expansion of productivity.

Top HR Products of 2015 Awards – #HRTechConf

Robin Schooling

A few weeks ago, Human Resource Executive ® magazine announced the ten winners of its annual Top HR Products of 2015 Awards. The winning organizations will be recognized at a special luncheon tomorrow ( Monday, October 19) during the 18th Annual HR Technology Conference & Expo ®. For the past 27 years, the editors of Human Resource Executive have recognized the newest HR product innovations that are transforming how key HR tasks and processes are done.

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The Top 10 Strategic HR and TA Metrics That CEOs Want to See

Visier

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. That is because we report mostly tactical metrics that focus on costs, rather than the strategic ones that cover HR areas that impact corporate revenue.

The 100 HR Indicators Every Manager Needs to Know

EmployeeConnect

This list of HR Key Performance Indicators (KPIs) and metrics contains certainly enough to help you fuel your HR dashboard for the next few months if not longer. Without further ado, here is your list of 100 HR metrics and KPIs. Productivity #4.

How to Turn Your Vision for Data-Driven HR into a Reality

Visier

Many HR professionals are bombarded with blog posts and emails reminding them that if they don’t do something about people analytics, then they are missing out. People analytics is a net new capability, and it’s hard to place a value on a service HR has never experienced before.

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4 Facts about ClearCompany’s New and Improved Employee Onboarding System

ClearCompany HRM

According to Bersin by Deloitte, 4% of new employees leave a job after a disastrous first day and 22% of staff turnovers occur in the first 45 days of employment. Deloitte observed that over 50% of HR professionals have not yet made their onboarding and HRM processes mobile friendly.

4 Ways AI is Shaping the Future of HR and Hiring in 2020

Zenefits

Artificial intelligence (AI) is a field of computer science that allows machines to mimic the “cognitive” functions of humans. While there are numerous applications of AI, here are 4 exciting ways that AI is shaping the future of HR and hiring for 2020. Reducing turnover.

HR Cares & FirstLight Home Care's Culture of Care

ClearCompany HRM

Every few months Louie will share his knowledge and advice on HR best practices gleaned from his career as a seasoned HR practitioner. My experience in HR has typically been one of positivity, productivity, creativity, innovation, and collaboration. Company Culture HR

The Impact Of Machine Learning In HR

Get Hppy

Like all aspects of modern business, technology is changing the way we operate and function. One technology that is currently making great strides in streamlining and improving the function of HR is machine learning. Analytics and reporting on relevant HR data. HR Trends

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This is What Talent Management Will Look Like By The Year 2018 — Are You Ready?

Visier

This explains why a focus on hiring and retaining key talent in the form of talent management has become a critical part of most organizations’ HR strategies. It’s important that business leaders are presented with a clear picture of how these multiple factors affect productivity and growth.

10 Reasons To Shift To A Data-Driven High Business Impact HR Model

Visier

At first glance, senior HR executives might take that top ranking as a positive thing. HR Can’t Become A High Business Impact Function Unless It Adds Analytic Capabilities. Recommended Read: The Value of HR Analytics: Why Every Company Should Be A Quantified Organization ].

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The HR Leadership Revolution — Will You Thrive?

Visier

More than ever before, the business world needs strong HR leaders. 81% of executives say that when hiring new senior HR talent they value business acumen more than technical HR skills. Why The Talent Function is Under Pressure to Perform. So when HR works, it works.

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Human Resources Can Cost Your Small Business Big: Here’s 7 Areas Where Outsourcing Will Help

Prism HR

And when it comes to managing these complex, Human Resources (HR) functions in-house, the time, cost and potential risk add up fast. Ernst & Young found the average, single HR task or entry of data costs businesses $4.39 But there is a better, more cost-effective way for SMBs to face – and overcome – the hurdles of HR. Small businesses often apply the “roll up your sleeves and do it yourself” mentality to the management of HR programs.

3 Ways Your Small Business is Losing Money on HR

Stratus

If you’re doing any of the following, your company is likely spending more than required, but don’t worry — there are ways to reduce the costs of your small business’s HR and maybe gain a few other advantages, too. #1: A single job post can bring in hundreds of applications, but if you, your HR team or your managers are weeding through the stack yourself, you’re throwing away time, productivity, and ultimately, cash. You view HR as a set of tasks, not a resource.

Insights from Sterling’s 4th Annual Healthcare and Life Sciences Summit (Day Two) – Part One

Sterling Talent Solutions

Inclusion, engagement, and retention were at the crux of his conversation. When organizations do that, they see not only higher productivity, sales and profitability, but also lower patient safety incidents, absenteeism, and a reduction in turnover.

What You Need to Know About the Changing Function of HR

Reflektive

Make no mistake, this isn’t just a facelift from new tech tools that help HR professionals do their jobs. It’s a shift in the function of human resources. While traditionally HR focuses on benefits and compensation, overseeing employee engagement and retention, recruitment, diversity, workplace issues, or installing new processes under budget, the new function is a strategic business unit. Benefits of the New Approach to HR.

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What is a PEO? – Top 10 FAQs Business Owners Have About PEOs

Prism HR

But handling HR administration was not likely your highest priority when you started and grew your business to where it is today. So, how is HR done in your business? In-house staff solely focused on HR HR outsourcing A combination of 1 and 2. Reassessing how you do HR?

Making A Business Case For Digital HR

SuccessFactors

My last blog, The Evolution of HR and the Missing Link? proposed that technology is key to enabling the HR function to move from transactional processor to strategic advisor, but making a business case for any HR tech is often seen as a barrier to implementation.

What Is an eNPS Score?

Namely

The metric is derived from Net Promoter Score, which companies use to calculate customer satisfaction with their product or service. In HR’s case, employees are considered the customers. Download our complete guide to HR metrics to help guide your initiatives and make a lasting impact.

How to do a company SWOT analysis, and why it matters

Insperity

Examples of strengths: Education, specialized knowledge and skill sets within your team Access to certain technologies Intellectual property or patents Efficient, proven-successful business processes Effective business strategy Good location Positive workplace culture High employee retention.

HR State of the Union: 2017 Edition

UpstartHR

Every year I republish my “state of the HR union” article from previous years with new additions and edits as a challenge to each of you. It also allowed them to see how we might be able to help them and enable their success , a primary part of how I define successful HR.

Can HR Drive Business Results?

HRExecutive

As our capacity to measure just about everything increases, a new HR metric emerges to describe what’s measured. In the relentless move to a more data-driven HR function, we’re starting to drown in statistical mumbo jumbo. The post Can HR Drive Business Results?

This is What Talent Management Will Look Like By The Year 2018 — Are You Ready?

Visier

This explains why a focus on hiring and retaining key talent in the form of talent management has become a critical part of most organizations’ HR strategies. It’s important that business leaders are presented with a clear picture of how these multiple factors affect productivity and growth.

Fire-Rehire Practices Particularly Inefficient in a Tight Talent Market

Lee Hecht Harrison

The person asking the question was a senior HR executive at one of our largest clients. The people fielding the question were all the senior members of the HR team. As a result, hiring and firing decisions are often made without effective collaboration across the HR expertise fields.

Using people analytics to get to High-Impact HR

HR Times

High-Impact HR refers to an HR function that helps the business excel in key areas—adapting to market changes, introducing new products and services faster, being more responsive to customer needs, operating efficiently and cost-effectively, and beating the competition.

Why HR for startups is a good thing

Workable

HR doesn’t have to be a chokehold for growing startups and small and medium size businesses. Here’s why startups and SMBs should embrace structured HR and recruiting processes: Why startups need some HR functions. HR processes help startups and SMBs hire employees.

HR Supercharged: How Modern Tech is Changing Work

ClearCompany HRM

Recently, we evaluated the findings of Bersin by Deloitte’s High-Impact HR research. Technology has made quite the impact on both what tools are being used in modern HR departments, as well as what features and functionality users expect. In a 2014 IDG survey, only 24% of enterprise organizations migrated or planned to migrate HR functions/applications to the Cloud. Modern HR Tech: Employee Onboarding, Performance Management with Goal Alignment and Feedback.

The Secrets to Keeping the “Human” in HR

CakeHR

All functions of HR are not so “human” today. Many tasks that have eaten up time on the part of employees and HR staff can now be automated with greater efficiency and far less chance for error. What Exactly is Digital HR? Turnover and absenteeism significantly decrease.

The Role Of HR Analytics In Workforce Planning

Get Hppy

Workforce planning and HR analytics have become a key focus point for HR professionals around the world, as they confront new challenges in finding and retaining the right employees. Leveraging HR Analytics.

The Top Reasons Businesses Fail and How a PEO Alleviates Them

Synergy

Was it passion for a certain trade, an exciting idea for a new product, or the thrill of opening your own company? Is the CFO shouldering HR duties and not able to put their full attention on fiscal health? Is employee productivity dropping?

Your Guide to AI Talent Acquisition

AllyO

In this article, I draw on my more than two decades in HR tech as well as the expertise of other leaders to explain: In this article: How AI transforms every phase of talent acquisition. This function encompasses finding and hiring people to fulfill your company’s needs.

The HR Leadership Revolution — Will You Thrive?

Visier

More than ever before, the business world needs strong HR leaders. 81% of executives say that when hiring new senior HR talent they value business acumen more than technical HR skills. Why The Talent Function is Under Pressure to Perform. So when HR works, it works.

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Improving Employee Engagement in Large Organizations

Get Hppy

Such a process requires transparency across the entire organization and a commitment to building a great place to work, where people can speak their mind, share their needs and goals, and be assisted in accomplishing them, making the company itself more productive and reducing turnover.