According to studies, 40% of employees leave almost right after they start a new job, and an additional 10% to 20% of new hires leave an organization within their first year of employment. That means nearly 50% to 60% of employees will leave an organization within their first year of employment.
Tag: Employee Retention
In a tight labor market, recruiting top talent is tough, and even more so when you’re looking to recruit executive roles. But fear not, we’ve got an expert who is sharing some tips to help you recruit and retain a Chief Financial Officer (CFO).
Let’s face it: We’re all on information overload. The amount of content we are consuming on a minute-by-minute basis in the blurred lines between our personal and professional lives has exploded in this digital economy.
While work-related stress is nothing new, managers might be surprised to learn that the level of sustained stress their teams experience is leading to substantial business and turnover risks.
Using artificial intelligence (AI) on day-to-day, mundane tasks frees up recruiters and allows them to spend their time where it matters the most: with prospective candidates. As we know, the candidate experience is vital to attracting and retaining talent, but could AI be used to lure jobseekers in, as well?
Some recruiters feel the term “war for talent” has been grossly overused—implying that we’re literally at war with other companies to attract talent, while this may be true in some cases, we’re actually at war with ourselves trying to figure out what attracts workers to our companies, and what keeps them sticking around.
We’ve got good news and bad news. We’ll start with the bad: roughly 35% of workers plan to look for a new job in 2019. Now here’s the good news: this number is down drastically from 74% in 2018.
There used to be an unspoken social contract between employers and employees. If the latter worked hard and stayed committed, the workplace would provide pay, job security, and even pensions. But that model supported a different time—one when the job supported basic goals, such as getting married, starting a family, and owning a home.
In a tight labor market, the last thing you want to be doing is driving your employees out. Finding skilled talent is proving to be extremely difficult, therefore employers must rely on retention strategies to keep workers sticking around. Knowing what your workers want, and what’s causing them to leave, is the first step in […]
Experts and analysts have been talking about the low unemployment rate for quite some time while forecasting the consequent retention issues. A recent study by PayScale entitled Will They Stay or Will They Go? examined input from over 7,000 employees. What it found was that those issues are impacting organizations right now.