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My research has found that after years of focusing on strategic HR issues like COVID-19, remote work, DEI, AI, and recruiting/retention. Those neglected processes often include performance management, internal movement, performance appraisals, and fixing bad managers. Instead, at least for your regrettable turnover.
Talent mobility refers to the process of moving employees within an organizationwhether through promotions, lateral moves, job rotations, or project-based assignmentsto help them develop new skills and contribute to different areas of the business. Enhances Employee Retention High turnover can be costly for businesses.
In today’s competitive business environment, recognizing and rewarding employees for their hard work and dedication is more important than ever. Employee awards and recognition programs enhance morale and improve productivity and retention rates. Fosters loyalty and retention Employee awards contribute to a culture of loyalty.
Exit interviews are one of the most underutilized tools to reduce employee turnover , improve engagement, and protect your revenue pipeline. The Cost of Getting it Wrong Heres whats at stake: Gallup estimates it costs about 200% of salary to replace leaders and managers, 80% for technical pros, and 40% for frontline workers (or more).
The Benefits Coordinator (sometimes referred to as the Coordinator of Benefits) administers employee benefits like health insurance, retirement plans, wellness programs , and leave policies. They must evaluate the latest trends and developments in employee benefits to optimize recruitment and retention.
The result is a shift from reactive firefighting to truly data-driven team management —and a workforce strategy built to thrive amid uncertainty. Monthly dashboards dutifully showed head-count deltas, turnover rates, and training hours long after the damage—or the opportunity—had passed. Each has a documented link to turnover.
This article explores how AI is revolutionizing performance management , its benefits and challenges, and how businesses can responsibly harness its power for better decision-making and employee development. What is Performance Management? Collect feedback, track KPIs, and be prepared to adjust the system as needed.
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