Remove 2009 Remove Retention and Turnover Remove Retirement
article thumbnail

5 Steps to Avoid Talent Shortfalls Using Data-Driven Workforce Planning

Visier

Consider the following: The Bureau of Labor Statistics has projected the need for 525,000 replacement nurses in the workforce by 2022, with a shortage of registered nurses projected to spread across the country between 2009 and 2030. Here’s how: Step 1- Assess your current turnover and recruitment dynamics.

article thumbnail

How Do You Improve Employee Retention?

Best Money Moves

If you want to know how to improve employee retention, you need to know why employees quit and Work Institute’s exit interview gives you a great place to start. Employee turnover is anticipated to hit record highs and cost U.S. From 2009 to 2017 the unemployed persons to jobs ratio fell from 7:1 to 1:1. Why Do Employees Leave?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Is it time for a culture check-up?

HRExecutive

A few months later, Lincoln announced it would accept $950 million in capital as part of the government’s $700 billion Troubled Asset Relief Program (TARP), made a public offering of $600 million of common stock and sold Lincoln National plc, its United Kingdom unit that sold life insurance and retirement-income products. Advertisement.

article thumbnail

Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

First, some facts about employee turnover: The 2021 quit rate is consistent with other post-recession data (i.e., a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal. 

article thumbnail

5 Factors Intensifying the Nursing Shortage

Cielo HR Leader

In light of health reform, newfound access to care, a rise in voluntary turnover (in turn, intensifying competition for top nursing talent) and an aging nursing population, the often hinted at “critical nursing shortage” is a harsh reality for many healthcare organizations – both in the U.S. Voluntary turnover among nurses is on the rise.

article thumbnail

20 Simple Reasons Your Top Performers Quit

Bonusly

Start by taking a step back and objectively analyzing the causes of voluntary turnover. This isn't to say that an employee's access to health care isn't important — it's just not the strongest driving factor in retention of top performers. Retaining good employees is crucial to the success of any team. Why is that?

article thumbnail

The Role of Internal Communications in the Company

Semos Cloud

As Baby Boomers have started and will complete their transfer to retirement in the upcoming ten years, newer generations are taking more and more space in the workforce. Companies need their employees to trust them as a lack of trust is related to poor retention rates. Benefit 2: Increased employee engagement.