Competitive compensation, professional development opportunities and flexible schedules are some of the tactics businesses can use to keep their employees. High employee turnover, with the associated drop in productivity and added expense of replacing workers, can hurt a business of any size....
The use of retention bonuses — cash payments offered to employees as an incentive to stay on the job through a specified date or upon achievement of a specific milestone — is at an “all-time high,” with almost 60% of organizations making the investment, according to a recent study by World at...
Lauren Van Duyn has changed jobs only a handful of times in her 11-year career, but she remembers how painful it was to submit applications at certain employers. “Many times, I quit mid-application and went back to it later or just never came back to it,” Van Duyn, recruitment manager at HR tech...
Despite early signs of a hiring cool-down in certain sectors, many business leaders are still reporting higher-than normal turnover. To combat this, many companies have turned to offering more competitive salaries and benefits packages, as well as flexibility in how, where, and when employees can...
College degrees are a common signal for hiring managers. They’re better thought of as noise. So argues Dan Finnigan, whose career spanning many of the web’s largest early online hiring platforms — from CareerBuilder and HotJobs to a decade as CEO of Jobvite — led to him being called the “godfather...
“Quiet quitting,” one of the most talked about topics in management circles, is not a new phenomenon. The term, credited to Mark Boldger, an economist at Texas A&M, was used as early as 2009, and it’s been used millions of times over the past several months to lament a slump in ambition and...
You don’t wonder what a know-it-all thinks even though a little mystery would be nice. Know-it-alls close their minds and open their mouths. A know-it-all: Knows how to belittle you. Defends their opinion with emotion, not research. Increases volume when confronted. Expects compliance. Rejects...
Did you know that 5 in 6 employees feel disconnected at work? The reality is that any employee can struggle with connecting with their work teams, no matter what their schedules, occupations, and backgrounds are and regardless of whether they are working remotely, in house, or on a hybrid model....
Learn what causes employee turnover and how to improve retention. Employee turnover is the rate at which employees leave a company within a set period of time. Calculate employee turnover by dividing the number of employee departures by the average number of employees. Reduce employee turnover by...
As a business owner or manager, you are constantly battling with how to boost profits and productivity without increasing costs. Commonly, the first adjustment that comes to mind is within your own team. Finding quality staff members is valuable, though these workers often come at a higher price. ...
Regardless of the economic climate, hanging onto top talent is always a balancing act. Add in the Great Resignation (aka the Big Quit), and you have a recipe for extra high turnover rates. The good news is a whopping 94% of employees would stay at a company longer if it did one thing: invest in...
They're usually an afterthought, but these check-ins on the way out can uncover a multitude of issues that are hurting retention and keeping you from hiring the best. If you’ve seen any news in the past year, you know we’re currently knee-deep in one of the tightest labor markets in years. It all...