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Archive by author: Danny Nelms, PresidentReturn
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The November Jobs Report continued to deliver good news for the economy and escalate difficult conditions for employers as the Unemployment Rate remained at 4.1%, a historic low, hourly wages increased by five cents, a 2.5% year-to-date increase, and key industries added less jobs than prior year, a shortage blamed on a lack of qualified workers.
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Categories: Engagement, Leadership, Retention | Tags: | Comments: (0) | View Count: (94)
The bottom line is that companies are held back by a lack of qualified talent. As the unemployment rate continues to drop and job openings continue to increase, the quit rate is set-up to sharply rise, push up wages and cost employers more and more in turnover as we round out 2017 and ring in 2018. Employers can’t be idle in recruiting and retention efforts. They must act now to understand how to retain and attract skilled workers, or, sit idle while their competitors grow – with their former ...
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Categories: Recruitment, Engagement, Leadership, Retention | Tags: | Comments: (0) | View Count: (406)
Human resources professionals dream scream about it this time of year – open enrollment. Nearly every HR department conducts open enrollment for 2018 benefits in the fourth quarter, and nearly every HR professional dreads the open enrollment process all year long. Intensifying the matter, today’s healthcare environment has created more tasks for HR teams and more confusion for employees. The good news is that you can work together to make the process less dreadful for everyone.
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Categories: Leadership, Retention | Tags: | Comments: (0) | View Count: (379)
Unemployment Rate Drops, Quit Rate Jumps and Job Openings Surge Intensifying an already competitive labor market, the unemployment rate dropped to 4.2 percent in September, a sixteen-year low, the government reported Friday. The quit rate jumped to 2.5 percent, a ten-year high, and job openings surged 7 percent over prior month, further fueling the battle to hire and retain workers. The September Jobs Report revealed that the number job seekers decreased, employee turnover increased and avail...
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Categories: Retention | Tags: | Comments: (0) | View Count: (402)
A pulse survey is a quick and frequent survey method that is a compliment to an overall employee engagement and retention strategy. A pulse survey is one-to-three questions, and questions are designed to get insight into key conditions of the workplace from the employees’ perspective.
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Categories: Engagement, Leadership, Retention | Tags: | Comments: (0) | View Count: (513)
The question is, how should organizations go about becoming a great place to work? The answer is fairly simple – give your employees a voice. If you want to become a great place to work you must ask for and listen to feedback from your employees in a way that will bring out meaningful insights. Employees will tell you where you are doing great and where you need to make some improvements, when you ask in the right way.
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Categories: Leadership | Tags: | Comments: (0) | View Count: (846)
06

2 Fatal Flaws of HR Benchmarking

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Let’s be clear, benchmarks must be used along with other strategies to understand your workforce and continually improve performance in order to win the war on talent in today’s marketplace. Unfortunately, many business leaders choose to use this data as a shortcut to explaining behaviors in their workforce and to conclude that continual improvement is not necessary to improve business results because they may be incrementally “better” than the group of businesses being referenced.
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Categories: Leadership, Retention | Tags: | Comments: (0) | View Count: (542)
Over the past 45 years, there have been multiple empirical studies to validate how companies can gain the most reliable information from departing employees to best understand why they left their organization. These scientific studies show that two things are necessary to ensure companies obtain the most accurate information from departing employees.
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Categories: Exit Interviews, Retention | Tags: | Comments: (0) | View Count: (875)
United Airlines has taken a big hit in the media the last few weeks based on an incident that was likely isolated, but significant. The public cried foul across millions of social media impressions, United Airlines was forced into crisis mode and the airline has yet to fully recover. Amidst the chaos, United Airlines’ embattled CEO said something that most companies should pay attention to and emulate.
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Categories: Engagement, Leadership, Retention | Tags: | Comments: (0) | View Count: (844)
If your first-year turnover rate is significantly higher than your overall turnover rate (5-10%) then you need to evaluate this issue now and develop a strategy to solve the problem.
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Categories: Exit Interviews, Retention | Tags: Exit Interviews , Employee Retention , First-Year Turnover | Comments: (0) | View Count: (1752)
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