With unemployment low and turnover high, employers are looking for ways to improve employee retention. One thing employers can do is to focus on the employee experience.
Tag: Employee Retention
The U.S. unemployment rate continues to edge down after months of impressive job growth, and nearly 90% of companies are either actively hiring or in retention mode. However, job cuts remain a reality for many American businesses. Industries currently leading the United States in the greatest number of job cuts for 2018 include retail (76K), […]
In a previous post, we discussed the high cost of turnover and recruitment and the need for businesses to make sound and lasting hiring decisions when possible to keep these costs to a minimum.
Seasonal hiring has gotten even more challenging in recent years, as unemployment rates hover around historic lows and the number of jobs that have been added has increased. In certain markets and for high-demand skill sets, the unemployment rate is even lower—often less than 2%.
As we’ve previously reported, counteroffers to retain workers can backfire, leading the employee to leave your company within 2 years of receiving a raise. If you’re having trouble recruiting new workers to your company, try improving your talent retention strategy to keep your workers from jumping ship.
Yes, you read that title correctly: 80% of workers are actively seeking a new job, which is good news for recruiters and hiring managers looking to fill vacant positions, but terrible news for employers who are looking to retain their best and brightest workers.
In part one of this article, we discussed what redeployment is and why companies are starting to look at this new strategy for talent retention.
U.S. labor market trends, as reported by the Bureau of Labor Statistics (BLS), show that the employee quits-to-layoff ratio has significantly risen over the last 8 years, soaring higher than prerecession levels. This emerging trend in data goes to show that workers are confident in their ability to find another job. It also proves that it’s […]
It’s a real blow when valuable workers hand in their 2 weeks’ notice. Whether you had your suspicions or the resignation came out of the blue, you feel like you have to take action pronto—especially if those leaving are key players and have extensive knowledge of the company.
In part one of this article series, HR Works sat down with RecruitCon 2018 keynote speaker Bob Kelleher to discuss hiring and engagement issues. Here is the remainder of that interview.