High-quality talent is hard to come by and even harder to keep. With low unemployment and a generation of reliable, experienced workers pondering retirement, competition for talented employees has become the stuff of sleepless nights for chief human research officers, hiring managers, and recruiters.
Category: Employee Retention
Employee retention includes any efforts or practices designed to keep your employees working for you.
Amazon recently announced that it would be building a new headquarters in New York City and Virginia, causing widespread panic among employers in those regions. Now another big name is slated to move into New York City, as well: Google. With these two corporate giants headed to the East Coast, what does this mean for […]
Contender or Pretender? It’s a recurring segment in sports media, and a fun talking point amongst fans, where the debate is whether a team is “for real,” particularly early in the season. Read on to see how contender or pretender can be applied to candidates and employees, alike.
Disengaged employees are costly. A recent Deloitte report notes that organizations spend over $100 billion annually to improve employee engagement. Despite that, 87% of employees remain disengaged and cost U.S. companies $450 billion to $550 billion per year in lost productivity, according to Gallup.
How do you get employees to go the extra mile and perform at the peak of their capacity? Some say job satisfaction and happiness are key elements of exceptional employee commitment. I don’t disagree with that. But I would argue that employee satisfaction and happiness are not enough. After all, I could love my work, […]
Succession plans are a great way of filling executive seats during these difficult hiring times. However, there are some rules and best practices you need to consider before carving your succession plan into stone.
In a previous post, we discussed that when companies value and actively cultivate high employee morale, they tend to outperform their competition by 20%. Today, we’ll offer several tips and strategies on how to improve employee morale and candidate experience in your organization by first getting to know your candidates and employees better.
We’ve talked a lot about the importance of employee satisfaction in recruitment and retention efforts. Turnover and hiring are expensive, and companies can’t afford to keep losing their staff over low levels of satisfaction. However, there is a strong argument in favor of promoting employee satisfaction on the flip side as well.
Turnover in the United States is higher than many people think. According to the Bureau of Labor Statistics, the turnover rate across a wide range of industries in the private sector was over 47.4% annually in 2017, and that number has increased steadily from 42.3% in 2013. So, businesses need to be prepared to lose employees […]
In a previous post, we discussed the challenges that come with employee turnover and that those challenges aren’t limited to top-level executives. At any level, employee turnover means losing someone with institutional knowledge, the potential to sidetrack or at least impede progress on ongoing projects, and forcing employers to spend months onboarding replacements.