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Archive by author: Danny Nelms, PresidentReturn
More than one in three workers will voluntarily quit their jobs each year by 2023.
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Categories: Leadership, Retention | Tags: | View Count: (1070)
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: (602)
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: (1074)
While I understand the words stay and exit are indeed opposite in meaning, when applied to employee interviews they are simply not opposites. Further complicating the matter, stay interviews can be defined as either internal stay interviews or as external stay interviews, each of which has an effective use as part of an engagement and retention strategy.
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Categories: Stay Interviews, Exit Interviews, Retention | Tags: | View Count: (4833)
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: | View Count: (1294)
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: | View Count: (1628)
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: | View Count: (3082)
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: | View Count: (2160)
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: | View Count: (2452)
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: | View Count: (2384)
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