article thumbnail

What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

article thumbnail

How HR tech’s people data boosts business performance

Bob

Today’s best HR strategy leans on people tech to take the focus off the paperwork and put the emphasis on improving culture, employee engagement and retention, and the business’s bottom line. Most of all, they’re leaning heavily into learning and development (L&D) software, recruitment tech, and employee pulse surveys.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Overstaffing: Why It Happens and How To Avoid It in 5 Steps

Analytics in HR

Unpredictable economic conditions : In times of economic uncertainty, such as market downturns, companies often face the challenge of balancing their workforce to align with business needs. Collect and analyze employee data, including productivity, turnover rates , and project timelines.

article thumbnail

What are Workforce Planning and Analytics? | ClearCompany

ClearCompany HRM

Your HR team works to maintain that number so that every team has the people they need to be productive, even when there’s unexpected turnover. You also need to anticipate the skills your business will need employees to have in the future, create career paths, and guard against turnover. What is workforce analytics?

article thumbnail

How Can HR Contribute to Business Growth and Help Envision Future Success?

HR Digest

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Employee Hiring and Retention Undeniably, HR strategies for growing businesses begin with hiring and retention.

article thumbnail

Rising retention: Why it may not be all good news for employers

HRExecutive

While the numbers may have employers breathing a sigh of relief that the revolving door has stopped for the time being, experts say, HR leaders shouldn’t get complacent, as high retention driven by macro trends like the economy could lead to disengaged workforces.

article thumbnail

HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? These include: Employee retention rate.