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...
Our obsession with perfection is increasing: A comprehensive study of perfectionism involving young adults in the UK, U.S., and Canada revealed that perfectionistic tendencies and behaviors have significantly risen — up to 32% over the past three decades. Notable figures such as tennis superstar...
The 3 Secret Blunders Leaders Make: The most damaging blunders leaders make are the ones they ignore. A blunder you DON’T notice leads to a dead-end. The 3 secret blunders leaders make: #1. Leaving your best self at home: The draining blunders leaders make include pretending you’re someone you...
Your younger employees have the potential to change your business for the better, but they need support. We've moved past the days seen in movies like The Devil Wears Prada, in which a tyrannical boss gives direction to younger employees who either follow or are fired. Instead, bosses have...
Planning is important to avoid emergency responses. If the past few years have taught small business owners anything, it’s the unpredictability of life. Assuming that your small to medium business weathered the pandemic, you are understandably concerned about shoring things up ahead of the next...
When employees are arrested during their off-duty time and away from work, employers may need to make difficult choices balancing their various obligations. Among these are respecting the rights of arrested employees, ensuring the safety of workforces and workplaces, maintaining the continuity of...
The current talent struggles of U.S. companies are hardly a new trend. A PwC survey dating 15 years back cited that 93% of CEOs recognized the need to change their strategy for attracting and retaining talent. If organizations have been trying to improve their hiring outcomes for so long, then why...
Traditional performance management techniques are more than 70 years old, and they’re not built for the way we work now. To address today’s HR challenges, you need a performance management model that puts people first. “The pandemic, as well as the retention issues that we were seeing and the...
Collecting and analyzing employee performance data can improve efficiency, but make sure employees see the value in it. Long before the pandemic accelerated remote work, tools and technologies emerged to collect corporate “data exhaust.” This is the trail of often sensitive corporate and employee...