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As the job market consistently breaks records by adding hundreds of thousands of jobs each month, the unemployment rate continually drops, and the employee quit rate skyrockets, organizations are feeling the vital importance of retaining their current employees. The competition for employees is fierce and at levels the US economy has not seen before. Because of this, the necessity for employers to utilize the highest quality of Exit Interviews has never been greater.
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Categories: Exit Interviews, Leadership, Retention | Tags: | View Count: (275)
Good news, everyone! The job market continues to grow with significant upward trends across most industries notable increases in construction, professional and technical services, and manufacturing. Jobs have been added each month this year, and unemployment has ticked down further and further, reaching 3.8% in May 2018. The bad news: research shows that both employees who are dissatisfied with their current job and those employed but searching for a new job are more likely to quit as the avai...
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Categories: Leadership, Retention | Tags: | View Count: (262)
Career Development accounts for 21% of all reasons employees left their jobs in 2017, marking the eighth-consecutive year this category has led reasons for turnover, according to the 2018 Retention Report: Truth & Trends in Turnover. As the economy expanded, employees’ fears of layoffs gave way to the desire to grow and advance one’s career in an attractive job and a more preferred workplace.
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Categories: Exit Interviews, Retention | Tags: | View Count: (362)
Whether you need workers to run a cash register, a construction site or a hospital unit, your job as an HR leader will be increasingly difficult based upon the jobs report and seasonal turnover trends. Competition to fill jobs continues to heat up as the demand for workers continues to outpace the supply of workers, and the heat will rise as turnover traditionally increases in the summer months.
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Categories: Leadership, Retention | Tags: | View Count: (1420)
31

Uncovering the Truth About Employee Turnover

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With employees leaving their jobs at record levels, turnover is an increasingly expensive problem. As the problem has grown, researchers, thought leaders and journalists have published many theories about what drives turnover to provide guidance on how to stop it. The problem is that most of these studies do not identify the real reasons why people are leaving and what organizations can do about it. 
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Categories: Retention | Tags: | View Count: (295)
Economists are puzzled that wages have barely increased as unemployment has plummeted. Average hourly earnings have only increased by 2.6% over the last twelve months, only slightly above the level of inflation according to the Bureau of Labor Statistics.
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Categories: Leadership, Retention | Tags: | View Count: (207)
A Strong Economy Fuels Job Growth, Consumer Confidence & Turnover Headlines of employee layoffs, corporate downsizing and long unemployment lines are distant memories for most American workers, as doubt and uncertainty have been replaced with optimism and confidence in the job market.
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Categories: Retention | Tags: | View Count: (543)
02

One in Four Workers Will Quit This Year

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In the wake of consistent economic growth, employees have seized available opportunities resulting in a surge of voluntary turnover that’s challenging employers – and it is here to stay for the foreseeable future.
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Categories: Leadership, Retention | Tags: | View Count: (461)
It’s true, you don’t get a second chance to make a first impression. Yet, many organizations don’t put their best foot forward when onboarding new employees. Moreover, many organizations are in the dark and don’t understand how they can better influence new employees in way that encourages them to stay longer.
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Categories: Onboarding, Retention | Tags: | View Count: (871)
The price of a Big Mac made headlines last week as McDonald’s cited the tight labor market as a chief contributor to the chain’s menu price increases. The quick service giant broke the news a few days ahead of the February BLS Jobs Report, released last Friday, which showed a 2.9% growth in wages over the prior year, and the news quickly spun up headlines warning consumers “That Big Mac may cost more thanks to the tight labor market."
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Categories: Leadership, Retention | Tags: | View Count: (602)
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