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.
Tag: Improving Retention
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.
In part one of this article, we covered the top three trends that are expected to dominate the 2019 workforce. Here, we’ll cover four additional trends you should be aware of in the year ahead.
In the 12 months through July, the U.S. economy created 66.7 million hires only to be nearly matched by 64.2 million separations. Federal Reserve Chairman Jerome Powell has noted the high quit rates indicate a near full employment of the U.S. workforce.
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.
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%.