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
Category: Retention
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
Improve Employee Retention with Stay Interviews
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 Improve Employee Retention with Stay Interviews
Defining Employee Stay Interviews
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 Defining Employee Stay Interviews
It is Time to Rebuild HR, 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 It is Time to Rebuild HR, Not Defund It
HR Priorities Are Misplaced
I recently read an article comparing the priorities of the CEO to those of the CHRO. It was an interesting read and for the most part the two were aligned. However, after reading the article I wondered whether the stated HR priorities and what is actually being prioritized are the same. On almost a daily… Continue reading HR Priorities Are Misplaced
Employee Anxiety & Depression in the Workforce
While reviewing employee responses to prepare our 2021 Retention Report (reflective of 2020 Employee insights on Turnover, Reasons, Costs, and Recommendations*), I am struck by the influence of the coronavirus pandemic on employee and organization behaviors, especially in the categories of Well-Being, Work-Life Balance, and Health and Safety that can all lead to workforce anxiety,… Continue reading Employee Anxiety & Depression in the Workforce
Dependence on Ill-Defined Engagement Is a Mistake
Organizations will continue to struggle with finding and keeping people and creating the workplace conditions necessary to drive productivity despite the recent COVID slow-down. Organizations spend billions of dollars on employee attraction, retention, and development in an effort to manage, yet employees remain disengaged with their roles and disenfranchised from their companies. Organizations are… Continue reading Dependence on Ill-Defined Engagement Is a Mistake
Understand and Act on Employee Perceptions to Execute Growth and Productivity
Understand and Act on Employee Perceptions to Execute Growth and Productivity As an organizational-behavior-management professional, it is relatively common for business leaders to tell me of their employee engagement strategies. I hear about casual dress days, wine parties, cappuccino machines, new compensation plans, flexible schedules, increasing work-from-home days, wellness and gaming apps, training, stock purchase… Continue reading Understand and Act on Employee Perceptions to Execute Growth and Productivity
The Power of Asking Why in Generating Actionable Feedback
An often ignored three letter word that’s answers are extremely powerful to the learning process. Some of us remember that stage in life when our kids walked around asking “Why?” to everything we said. That may have been in the toddler years, some may have had the pleasure of experiencing that in the terrible teen… Continue reading The Power of Asking Why in Generating Actionable Feedback