People keep quitting at record levels, yet companies are still trying to attract and retain them the same old ways. New research identifies five types of workers that employers can reach to fill jobs. It’s the quitting trend that just won’t quit. People are switching jobs and industries, moving...
A bad hiring decision is expensive. Replacing an employee costs companies anywhere from thousands of dollars to hundreds of thousands of dollars. And this might just be the tip of the iceberg, as a poor hire will also have indirect costs, for example in regards to morale and company culture. But...
Numerical performance ratings provide important data points for improving performance, both at the individual and organizational levels. But how we’ve historically determined those numerical values hasn’t always been effective or accurate. And when compensation decisions are at stake, developing...
Investing in your company's managers will always yield a high return on your investment, but even more so now with The Great Resignation. Fostering growth in these six skills will help set your managers apart. The Great Resignation is still unfolding around the world. And with headlines touting...
Companies are figuring out how to include all employees – onsite, hybrid, and remote – in their recognition and rewards efforts, and once they do, they can expect the results to increase tenfold. Most people spend a large portion of their day at work, and for some, that time is spent within the...
According to a recent Wall Street Journal survey, small businesses are losing confidence in the United States' economy, with 57% bracing for economic conditions to worsen in the next 12 months. Among the challenges of inflation, supply chain issues, rising interest rates and labor shortages is the...
As companies compete for talent, monthly premiums could become the next casualty of the red-hot labor market. To prevent employees from becoming another statistic in the Great Resignation, companies may want to revisit the health benefits they offer. Some small business owners are embracing a perk...
Businesses have dealt with unprecedented challenges over the past two years due to the COVID-19 pandemic. Following federal or state mandates, enforcing customers to wear masks and requiring social distancing were examples of how businesses had to adapt. The pandemic also exacerbated other issues...
Are they lowering the bar or leveling the field? When hiring workers for its growing stable of restaurants and clubs, Groot Hospitality in Miami Beach no longer asks candidates to provide two professional references. One will do. “People know each other in our industry,” says Groot HR director...
Trying to help someone change can be sanity-straining. Even when people face serious health scares they often don’t do enough to alter their habits, like they’re stuck on some monorail track of doom. That said, we often go about trying to help in all the wrong ways. We know that lectures probably...
Despite the gains workers have made through the Covid pandemic in increasing flexibility in where they work, bigger workloads have meant that there is little slack in the system for people to take time out and recover. The effects are obvious. In 2020, 62% of people reported that they had...
More than 20 million Americans quit their jobs in the latter half of 2021, leaving many companies struggling to find talent to refill their ranks. With 11.3 million job openings, which is about 5 million more than unemployed workers as of March 2022, job seekers certainly have the upper hand — and...