As we get into the middle of January, employers eagerly implement retention strategies to stave off the wave of employee turnover that occurs soon after a New Year begins. With that, several articles are published telling employers how these exact practices will engage and retain workers, but are these effective ways to keep valued employees… Continue reading Employee Retention Strategies are Not “One Size Fits All”
Category: Retention
Employee Value Proposition: How To Win The War For Talent
Understanding the concept of an employee value proposition (EVP) has always been important, but never more so than now. As employers face a significant shift in the expectations of both current and prospective employees – as well as record-high voluntary attrition rates – developing a strong employee value proposition is essential. In this guide, we… Continue reading Employee Value Proposition: How To Win The War For Talent
Why Exit Interviews are Critical to Employee Retention
It’s a fact, to learn the real reasons employees leave, and make decisions on the truth as employees perceive it, organizations must ask employees why they left in a way that brings out the truth. When used effectively, exit interviews reveal the true causes of employee turnover and inform targeted strategies to improve employee retention.… Continue reading Why Exit Interviews are Critical to Employee Retention
The Cost of Replacing an Employee
What gets measured gets managed. With the estimated costs of employee turnover ranging from 33% up to 200% of the departing employee’s salary, it is imperative for organizations to understand exactly what goes into the overall cost of employee turnover. There are multiple layers in beginning to calculate the exact costs of turnover which is… Continue reading The Cost of Replacing an Employee
Top 5 Pulse Interview Insights
Pulse Interviews are a regular employee feedback practice for organizations committed to fully understanding the challenges employees encounter in their roles with the company. Pulse Interviews are the best way to generate continuous, up-to-date feedback from employees. Organizations dedicated to creating a productive employee environment understand exactly how important it is to regularly reach out… Continue reading Top 5 Pulse Interview Insights
Voluntary Turnover Returns as COVID Recedes
The latest voluntary quit (turnover) rate shows nearly twice the amount of employees quit their jobs in July 2020 than those who quit in April 2020. Even during a global pandemic, a historic recession (hopefully on a short one), high unemployment, and general fear and restlessness, U.S. workers still control the job market. Yes, that… Continue reading Voluntary Turnover Returns as COVID Recedes
Top Employee Retention Strategies
On average, an employer will experience an 18% turnover in its workforce each year. Turnover is a fact of life for all organizations. A certain portion of your employees will inevitably relocate, change careers, or pursue other opportunities. Every instance of turnover costs money, though, as you are forced to spend time interviewing, hiring, and… Continue reading Top Employee Retention Strategies
Stay Interviews to Improve & Increase Retention
The U.S. workforce is experiencing a turnover tsunami and those organizations proactive in employee feedback efforts will undoubtedly see their retention improve. Like mining for gold, you actively prospect and sift through applicants to strike pay dirt with employees that have the potential to be high-performers and to stay with your company for a… Continue reading Stay Interviews to Improve & Increase Retention
What Is a Stay Interview? Definition and How It Works
Employees stay at organizations for different reasons than they leave, and nearly every organization is unique in the reasons employees stay.1 Therefore, Stay Interviews are common tools used in building effective employee retention strategies1. We have defined and detailed the many elements of conducting effective Stay Interviews in the Essential Guide to Conducting Stay Interviews,… Continue reading What Is a Stay Interview? Definition and How It Works
How To Fix & Rebuild Your Human Resources Department, Not Defund It
There is considerable talk these days that HR does not deliver the value of its capability. Additional arguments include moving HR functions into Legal, Finance, and both internal and external Marketing/Communications. Should HR functions be reassigned or defunded? Can HR deliver the value it is designed to provide? The real question is whether HR has… Continue reading How To Fix & Rebuild Your Human Resources Department, Not Defund It