Extensis

DECEMBER 20, 2023

Quick look: The human resources industry has changed substantially in the last several years—a pattern that will continue in 2024. In the ExtensisHR 2024 Trends Report, review the top 10 latest industry developments and the steps your business can take to succeed, straight from our internal thought leaders.

HR Trends 85

HR Trends HR Software HR Planning Trends 85

15Five

JANUARY 16, 2024

Here’s a treasure trove of stats on employee retention in 2024. Employee Turnover Statistics Quit rates decreased from Q4 2022 to Q4 2023. If you’re facing any level of turnover, it’s important to identify the root cause. From sources like the U.S. Struggling to hang on to your top performers?

Retention and Turnover 245

Retention and Turnover Onboarding Software HR Software Interview Software 245

HR Brew

APRIL 26, 2024

While still down overall, corporate M&A deals are expected to rise 12% year over year in 2024, following a 9% dip in 2023, according to the EY-Parthenon Deal Barometer.

CHRO 387

CHRO Groups Strategy Company 387

Analytics in HR

MAY 29, 2024

” Discover more Diversity, Equity, Inclusion and Belonging At Work: A 2024 Guide HR Generalist terms 28. HR term example: “Understanding the employee life cycle and knowing how to engage with people in every stage of that cycle improves the employee experience, increases performance, and leads to better retention.”

COMPAS 85

COMPAS HR Software HR Planning Hiring Software 85

Payactiv

NOVEMBER 20, 2024

In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%

Sexual Harassment 52

Sexual Harassment Hiring Software Background screening Staffing Software 52

Payactiv

OCTOBER 3, 2024

However, the industry is renowned for its extremely high turnover rate. As of May 2024, the average employee turnover rate in the restaurant industry was 5.5%, compared to 3.4% Calculating Your Restaurant’s Turnover Rate Before planning how to reduce your QSR’s turnover rate, you need to understand your current levels.

PayActiv 52

PayActiv Wage and Hour Training Retention and Turnover Hiring Software 52

HR Stacks Blog

JUNE 13, 2024

Table of Contents Sources of Workplace Stress Workplace Stress, Engagement, and Turnover Stress Management Programs Important Workplace Stress Statistics Sources of Workplace Stress Understanding what’s really causing stress is key to taking effective proactive steps. Source: Gallup Job stress costs U.S.

Retention and Turnover 59

Retention and Turnover Staffing Software Onboarding Software Report 59

Extensis

DECEMBER 5, 2024

Quick look: As 2024 comes to a close, it’s time for HR professionals to review, reflect, and fine-tune their processes to ensure compliance, enhance employee satisfaction, and streamline operations. Archive old records: Securely store or dispose of records in accordance with data retention policies and legal requirements.

Assessment Software 69

Assessment Software HR Software HR Planning Hiring Software 69

Payactiv

JULY 5, 2024

And yet, high staff turnover and unfilled roles remain a persistent challenge for the restaurant industry. The industry workforce is projected to grow by 200,000 jobs in 2024. restaurant industry and consider some employee benefits strategies and resources that operators can adopt to overcome their recruitment and retention challenges.

Staffing 52

Staffing Employee Benefits Retention and Turnover PayActiv 52

15Five

MAY 3, 2024

The 2024 recognition includes a special emphasis on how organizations have benefitted from 15Five’s HR Outcomes Flywheel approach, our guiding philosophy that enables strategic HR by connecting its impact to the business through higher employee performance, retention, and engagement.

HR Software 246

HR Software Planning Tools AI Recruiting Retention and Turnover 246

HR Brew

APRIL 30, 2024

And 93% of surveyed employers who offer EWA said doing so has positively impacted their retention rates. As of February 2024, turnover among employees using EWA has been 41% less than that among those who have not used the benefit, according to data shared via email by Allison Ferrell, director of marketing at Immediate.

Retention and Turnover 348

Retention and Turnover ADP Immedis Talent Experience 348

Talentia

OCTOBER 10, 2024

Reshaping Strategic Workforce Planning in HR October 10, 2024 Home Now more than ever, companies are expected to grow responsibly, within economic resource constraints and with a focus on creating fair, transparent and attractive work environments. Understand and track labor market trends to stay on top of industry trends.

Workforce Planning 52

Workforce Planning Planning Tools HR Software Assessment Software 52

Achievers

DECEMBER 19, 2024

Did you know that for entry-level positions, turnover costs range from 30% to 50% of the employees annual salary ? To combat these challenges, many organizations turn to retention bonuses financial incentives designed to inspire loyalty and encourage employees to stay. What is an employee retention bonus?

Bonuses and Incentives 192

Bonuses and Incentives Retention and Turnover Assessment Software Recruiting Software 192

EmployeeConnect

FEBRUARY 14, 2024

One constant challenge remains at the forefront: Talent Acquisition and Retention. As we navigate through the complexities of the modern workforce in 2024, organisations are recognising the critical importance of attracting top talent and, equally importantly, keeping them engaged and committed for the long haul.

Talent Acquisition 147

Talent Acquisition Hiring Software Recruiting Software HR Software 147

Analytics in HR

FEBRUARY 28, 2024

Example: Annual employee turnover rate.) With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards. Diagnostic HR analytics: Investigates data to ascertain the causes of past occurrences and behaviors.

HR Planning 123

HR Planning Analytics HR Software Hiring Software 123

HR Digest

NOVEMBER 28, 2023

HR strategies for business growth focus on the hiring and retention of the right talent, but they can also involve active participation in key business decisions by bringing in a grounded angle to the discussion. Employee Hiring and Retention Undeniably, HR strategies for growing businesses begin with hiring and retention.

HR Software 105

HR Software Hiring Software HR Planning Assessment Software 105

HR Brew

SEPTEMBER 4, 2024

Some experts that spoke with HR Brew said the combination of low employee engagement and workers sitting tight in a slowing economy suggests employers are sitting on a ticking turnover time bomb. Others believe the Great Resignation was too rare an occurrence to repeat itself. We’re going to start [seeing] people relax, companies will relax.

Recruiting Software 381

Recruiting Software Hiring Software Recruitment HR Software 381

15Five

JANUARY 9, 2024

Read on for some key takeaways and an action plan you can put in place in 2024. Consider the following four steps to making it happen in 2024. Maybe this year, engagement and retention are paramount after high regrettable turnover last year. Think about how those factors influence your people and culture goals for 2024.

HR Software 245

HR Software Hiring Software AI Recruiting Recruiting Software 245

Gyrus

DECEMBER 25, 2024

Interactive features, such as simulations and gamification, enhance engagement and knowledge retention. WakeWorks Apprenticeship: A program that helps local industry meet staffing needs by developing talent through registered apprenticeships, reducing turnover and fostering loyalty.

Onboarding Software 52

Onboarding Software Hiring Software Staffing Software Assessment Software 52

HR Lineup

MAY 10, 2024

Employee turnover continues to pose significant challenges for businesses in 2024, particularly amidst evolving workplace dynamics and shifting employee expectations. High turnover rates can adversely affect organizational performance, morale, and overall productivity. Strategies for Reducing Employee Turnover 1.

Retention and Turnover 83

Retention and Turnover Strategy Interview Software Assessment Software 83

AvilarHR

OCTOBER 1, 2024

Compounding the issue is that, according to a CyberArk survey , nearly two thirds of practitioners report feeling overwhelmed by their workloads, leading to burnout and higher turnover rates. Skills Gap It’s not simply a lack of personnel that is the obstacle to a company’s cyber resilience.

HR Software 66

HR Software Hiring Software Staffing Software AI Recruiting 66

Analytics in HR

AUGUST 16, 2024

Improved new hire retention: Candidates who have a more positive experience during the hiring journey are often more engaged, productive, and motivated at work. Not doing so can result in them accepting a different job offer or starting work with little engagement and motivation, which can increase new hire turnover rates.

Recruiting Assessments 93

Recruiting Assessments AI Recruiting Recruiting Software Hiring Software 93

HRExecutive

FEBRUARY 1, 2024

Advertisement - What catchphrase will 2024 bring? In particular, according to iCIMS’ 2024 Workforce Report , business leaders, HR executives and talent acquisition teams will need to rely on the right data and insights to be ready for whatever transformation comes next.

iCIMS 106

iCIMS HR Software Hiring Software Retention and Turnover 106

HR Brew

JANUARY 7, 2025

Total hires and quits fell again in November, according to the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics, published on Tuesday, continuing the overall cooldown in the labor market. Additionally, HR leaders can ensure now that they arent mistaking less attrition for successful retention strategies.

Hiring 197

Hiring Retention and Turnover Survey Data 197

HRExecutive

JULY 23, 2024

With the slight drop in demand in some labor markets, organizations may be hiring fewer people, but mounting business challenges are placing an increased emphasis on the speed to productivity and successful retention of each new hire.

Onboarding 110

Onboarding Hiring Retention and Turnover Immedis 110

Hppy

DECEMBER 13, 2023

In 2024, the world of work will continue to change, bringing unique challenges and opportunities. This results in increased productivity, reduced turnover, and a thriving work environment. Additionally, they are more likely to stay with the company, resulting in lower turnover.

Employee Engagement 113

Employee Engagement Strategy Retention and Turnover HR Software 113

Hppy

APRIL 23, 2024

Today, we’ll delve into more detail about the latest HR trends for 2024 and explain their potential benefits. Due to this, HR specialists must take this into consideration to easily attract and retain their employees and lower their turnover. Experts predict that the hybrid work model should soar to 81% in 2024.

HR Trends 113

HR Trends Trends HR Planning HR Software 113

HRExecutive

JANUARY 4, 2024

However, as economic and market conditions change, employers aren’t as singularly challenged by recruiting and retention—which, experts say, could suggest increasing opportunities to strategize for long-term people success. “Companies that will be ahead of this in 2024 are looking at things holistically,” Turner says.

AI Recruiting 131

AI Recruiting HR Software Hiring Software Recruiting Software 131

Niagara Institute

DECEMBER 14, 2023

Employee retention has always been an important topic. However, lately, with the fallout from the pandemic, the great resignation, and the great reshuffle, the topic of employee turnover and how to retain employees is on the minds of every leader.

Retention and Turnover 98

Retention and Turnover How To 98

Analytics in HR

AUGUST 20, 2024

Enhanced talent retention: Employees who are more engaged and motivated at work are more likely to remain with the organization. This can boost employee motivation, performance, and retention. Read more How To Create an Effective Employee Recognition Program (in 2024) 7.

Performance Management 120

Performance Management Strategy Assessment Software Planning Tools 120

HRExecutive

OCTOBER 26, 2023

After years of employers hiking salaries to keep talent in a tough labor market, a new study suggests across-the-board pay raises may not be in the cards at many organizations in 2024. “Employees know this—and this type of raise will only cause resentment among staff and as we have seen, reduce retention, productivity and morale.”

Retention and Turnover 101

Retention and Turnover Survey Study Productivity 101

Extensis

JUNE 19, 2024

Quick look: On September 4, 2024, non-compete clauses will be banned for most U.S. Additionally, business leaders can boost retention by improving their benefits packages, workplace culture, internal advancement opportunities, and more. Employee recognition Saying “thank you” matters.

Competencies 105

Competencies Wage and Hour Training Retention and Turnover Recruiting Software 105

Best Money Moves

JUNE 25, 2024

Financial stress in 2024: Revealing insights about Americans and Money. Here are the top statistics updated for 2024. Household debt coming into 2024 soared to $17.3 Gen Z saw a 62% increase in credit card debt between March 2022 and February 2024. trillion, with a notable 16.6% increase between 2022 and 2023 alone. [

Retention and Turnover 102

Retention and Turnover Retirement Assessment Software Wage and Hour Training 102

DecisionWise

JANUARY 11, 2024

What’s Happening at DecisionWise JANUARY WEBINAR 2023 was a challenging year for organizations, from hybrid work to DEI efforts, compensation, retention, and workload pressures. REGISTER HERE What You Might Have Missed Did you know DecisionWise moderates a LinkedIn group you might be interested in : The Employee Experience group?

Decisionwise 130

Decisionwise Assessment Software HR Software Planning Tools 130

Extensis

AUGUST 6, 2024

Showing appreciation for staff also drives positive business outcomes like reduced turnover, increased employee engagement, and more. The post National Wellness Month 2024: 6 Employee Wellness Program Ideas appeared first on ExtensisHR. Don’t stress! Contact ExtensisHR today to get started.

Wellness 103

Wellness Retention and Turnover Employee Recognition Workday 103

MP Wired For HR

OCTOBER 22, 2024

Top Ways to Leverage Technology for Workforce Planning October 22nd, 2024 Share on Facebook Share on Facebook Share on LinkedIn Share on LinkedIn As we’ve discussed earlier in our most recent blog series , effective workforce planning is crucial for organizations aiming to maintain a competitive edge.

Planning Tools 107

Planning Tools Hiring Software Onboarding Software HR Software 107