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We’re approaching mid-year 2017 as June comes to a close, and if economic trends reflect the 80 months prior, the US economy add even more jobs– in addition to the more than 15 million that have already been added in the that time period. With jobs being added and the unemployment rate decreasing, employees continue to have more options, further intensifying the battle to retain employees.
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Categories: Stay Interviews, Retention | Tags: | Comments: (0) | View Count: (42)
Turnover is a costly problem for healthcare organizations, as documented in the 2017 Healthcare Retention Report. The recently released report, published as a supplement to the 2017 Retention Report, reveals five truths about the healthcare employee marketplace.
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Categories: Retention | Tags: | Comments: (0) | View Count: (58)
As insights from the 2017 Retention Report were revealed, we found the data disproves the popular assumption that exit interview data is only from disgruntled employees.1 In fact, this data refutes the idea that exiting employees are just disgruntled with their manager and organization, period.
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Categories: Exit Interviews, Retention | Tags: | Comments: (0) | View Count: (148)
The recently released 2017 Healthcare Retention Report, featuring trends, reasons for turnover and recommendations for healthcare managers, revealed that the growth of healthcare job is outpacing other industries and is expected to account for as much as 39% of all new jobs by 2024.
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Categories: Leadership, Retention | Tags: | Comments: (0) | View Count: (102)
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: (143)
The Bureau of Labor Statistics released the May 2017 Jobs Report last week, and the current unemployment rate and job growth show that the war on talent is still raging on in the United States economy. The unemployment rate dropped to 4.3%, which is a sixteen-year low and the lowest it has been since before the recession. With this, there were 138,000 jobs added, which is slightly less than economist projections of 185,000, yet remains strong growth.
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Categories: Leadership, Retention | Tags: | Comments: (0) | View Count: (82)
31

Focus on the Entire Employee Experience

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In order for organizations to achieve long-term employee engagement they must focus on the long-term employee experience, from the start of the employee cycle all the way through to the end. That is, from the very first time a potential employee is contacted in the recruitment initiatives, to the onboarding process, throughout their employment with the organization, and all the way through to when the employee finally does leave.
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Categories: Recruitment, Onboarding, Engagement, Stay Interviews, Exit Interviews, Retention | Tags: | Comments: (0) | View Count: (105)
31

Uncovering the Facts

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As unemployment rates steadily decline and employees take control in the marketplace, as evidenced in the recent 2017 Retention Report, it is more imperative than ever to know the real reasons why employees are leaving and declining job offers from your organization. Most likely, the reasons employees and job applicants are telling you and the assumptions that your leaders are making are not one-hundred percent accurate – or simply not true.
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Categories: Recruitment, Retention | Tags: | Comments: (0) | View Count: (135)
Employees have the power in today’s employee marketplace. Organizations must make strategic, well-informed efforts to create a workplace that is preferred in order to retain employees and maintain profits amidst the mounting risk of increased turnover costs. Unfortunately, many employee retention efforts are misguided by common myths as evidenced in the 2017 Retention Report: Trends, Reasons & Recommendations.
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Categories: Retention | Tags: | Comments: (0) | View Count: (246)
Exit interviews have a long-standing history of informing employers why their employees are leaving. Work Institute’s 2017 Retention Report highlighted the many elements of the work environment, management behavior, characteristics of the job and career path, etc. that caused a worker to take a job elsewhere. With this knowledge, employers can certainly build strategies for creating a desirable workplace that is competitive with alternatives their employees are probably considering.
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Categories: Stay Interviews, Retention | Tags: | Comments: (0) | View Count: (179)
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