We continue to hear about the major hiring challenges employers across the country continue to face. If your company is faced with similar challenges, you may be turning to talent retention as a way to keep current workers happy and sticking around. But how do you keep your current workers happy? By offering robust benefits […]
Category: Employee Retention
Employee retention includes any efforts or practices designed to keep your employees working for you.
Recent research suggests the human resources (HR) department’s increasing impact on an organization’s bottom line and its ultimate success. Basically, your organization’s success or failure will depend on how it manages its people and job candidates during the stages of their life cycles with your organization.
While the candidate experience is important in the recruiting process, how you treat your workers once the “honeymoon phase” wears off is of vital importance. Many companies are focusing on the employee experience to help retain top talent, but what does this entail?
Dreams of flexible schedules, the ability to work remotely, and building new skill sets while working for multiple companies—at the same time—are all real reasons why full-time workers are choosing to turn to the gig economy as a main source of employment.
In two previous posts, we’ve been discussing the need for, and the merits of, implementing a hierarchical pay raise structure as opposed to a more or less flat structure whereby all employees generally receive about the same pay increase.
In a previous post, we discussed the precarious situations many employers find themselves in when it comes to employee pay increases. We currently find ourselves in a tight labor market with relatively low unemployment, and employees consistently list financial compensation as one of the primary factors in accepting and staying at a job.
With the unemployment rate hovering at historic lows, companies need to work hard to attract and retain top talent. And while they’ve tried to do this with a number of different incentives—such as greater workplace flexibility, increased healthcare benefits, positive company environments, etc.—salary remains the primary draw for a big chunk of employees.
Relocation assistance is something that not all employers offer but could be worthwhile to consider. Some employers think that the expense is too great to be justified, while others think that it opens many doors and allows them access to candidates they never would have otherwise found.
The gig economy is becoming increasingly popular. It is a free market system in which workers are primarily engaged in temporary work on a freelance basis as opposed to full-time work on a permanent basis.
Employee retention is—or at least should be—a major goal of companies in any industry. Not only is top talent hard to come by in general, but it costs money to recruit, hire, and retrain new employees.