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.

HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”. Here are five ways HR can start improving employee retention today. When employees have expectations that aren't being met, they leave," says James Pollard, a specialist in financial advisor retention at TheAdvisorCoach.com.

4 Ways to Prevent Your Employees From Quitting

Achievers

Employee turnover, he points out, “costs companies a fortune,” and the numbers agree: Losing an employee in the first year of their tenure can cost your company up to three times the person’s annual salary. These statistics are highlighted by Rich Hein , senior managing editor of CIO Magazine.

[Report] 3 New Global HR Trends from Globoforce & RES Forum

Globoforce

Do these trends in employee recognition, performance management, retention, and engagement look different outside of the U.S.? A bit about the survey: Main respondents were senior reward managers and global mobility managers. Employee retention/turnover (51%).

Reconstructing Performance Management for Both the Employee and the Company

Aberdeen HCM Essentials

Managers conduct them at pre-determined intervals, so problems are uncovered only after they’ve negatively impacted the company. Furthermore, Aberdeen has found that more than 70% of the time, lead managers grade on a scale.

Managers Who Don't Manage Pay

Compensation Cafe

When an employee is promoted to their first manager’s position, they are given the proverbial Keys to the Kingdom. However, many of these managers turn out to be well-intentioned amateurs at the process of making reward decisions appropriate to the needs of the business.

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i4cp Study Finds Managers Who Cling to Good Talent Are Bad for Business

i4cp

Companies with Agile, Mobile Workforces Outperform Competitors High-performance organizations make talent mobility a priority and reward managers for developing employees, according to research by the Institute for Corporate Productivity (i4cp). The study, Talent Mobility Matters , also found that talent hoarding by managers--admitted to by half of the 665 global companies surveyed and 74% of low-performing organizations--is the leading obstacle to creating mobile workforces.

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Healthcare Professionals: Get a Pulse on Your Employee Engagement Levels

Achievers

On the contrary, disengaged staff lead to poor patient experiences, higher turnover, and decreased productivity. Eighty percent of healthcare employees do not feel that communication between senior management and staff is effective.

Avoid 3 Critical Business Disrupters: Upskill Your Frontline Workers

i4cp

At the same time, demand for middle-level management skills is increasing. While 89% of organizations offer development opportunities to frontline workers, 60% do not view development of this workforce segment as a priority, and nearly the same percentage (59%) indicate their employers do not measure and reward managers for developing these workers. While the last jobs report showed a reduction in the unemployment rate to 4.9% (the lowest rate since 2008), there are still 8.7