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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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

HR Bartender

(Editor’s Note: Today’s post is brought to you by our friends at SilkRoad , a global leader in Talent Activation. At this year’s HR Technology Conference and Expo, SilkRoad announced a strategic partnership with CareerBuilder to provide client companies an enhanced onboarding experience. Details can be found on the SilkRoad website.

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Just Published: Forbes Insights Report “Employee Engagement in Age of Digital Disruption”

Silkroad

When one in four CFOs say that unwanted turnover accounts for 25% to 50% of labor costs (one in 10 say it eats up 50%), you know that talent retention is critical to business strategies. Key findings include: Primary cause of cause of unwanted turnover is poor employee engagement. Click through and download the full report.

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The Role Of HR Analytics In Workforce Planning

Hppy

The most recent JOLTS , or Job Openings and Labor Turnover Survey published by the US Bureau of Labor Statistics , puts the the latest job openings level registered in November 2015 at 5,431,000(p). Linking these metrics to specific behaviors and processes then enables them to predict future trends and minimize financial losses.

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Succession Management: 9 Steps For Future Success

Analytics in HR

Reduce turnover by filling positions internally. Overall, investing in employee career development and succession management programs help you improve employee retention. You can base your decisions on valuable data such as employee performance metrics. This can potentially help keep morale high and turnover rates low.

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5 Things You Need to Know Before Implementing an Onboarding ‘Buddy’ Program

Silkroad

It might be through metrics like improved engagement and lower turnover. According to a survey from Korn Ferry, 98 percent of respondents say onboarding programs are a key factor in employee retention. The post 5 Things You Need to Know Before Implementing an Onboarding ‘Buddy’ Program appeared first on SilkRoad.

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Engagement Isn’t the End Variable

Silkroad

Rather, CEOs want to move the needle on productivity, customer satisfaction, retention, and revenue. The Corporate Leadership Council found that engaged employees have the potential to reduce staff turnover up to 87 percent, while Hay Group discovered that engaged workforces lead to 2.5 But engagement is typically not the end variable.