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Minimizing turnover risk for today’s workforce: 4 key priorities

HRExecutive

A high rate of voluntary turnover not only means an organization is at risk for higher costs (to hire and train replacements, for example) but can also mean increased knowledge loss, declining morale and other intangible costs that can be just as damaging as the hard dollar costs of high voluntary turnover.

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How to Improve Employee Retention

Intoo USA

Businesses with higher retention rates generally don’t pay as much for hiring and training new team members as businesses with a lower rate. The price of onboarding new hires and incorporating them into the organization can quickly add up. Offer career development opportunities.

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Is Workforce Redeployment an Alternative to Layoffs?

Intoo USA

With many poorly executed layoffs going viral , some organizations have received negative press for hiring new employees shortly after letting others go. This is not only a bad business practice; it can also waste money and other resources in hiring, onboarding new employees, and severance for those let go.

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Nonprofit featured in Netflix documentary helps thousands of young adults land careers at big companies

HR Brew

Skills-based hiring just got its big break on the silver screen. Untapped highlighted a revelation that some companies have had in shifting to skills-based hiring: College degrees are not the only mark of top workers, and companies that continue to rely on them are missing out on a huge swath of talent.

Company 366
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Technically HR: Workday launches new AI capabilities and expands HiredScore offerings to clients

HR Brew

HiredScore’s AI for Recruiting launched Recruiter AI coach and its “fetch” feature, which relies on AI to tap into a company’s applicant pool of candidates rejected from previous openings. Our average client will hire less than 2% of the candidates that apply. That means they’re rejecting 98% of candidates,” said Karp.

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What Is Headcount Planning?

Intoo USA

Download tips on hiring with confidence and rejecting candidates with kindness. Strategically forecasting hiring needs allows companies to acquire skilled people to meet day-to-day workloads and fuel growth priorities. Hiring too aggressively without projections risks overstaffing during slower expansion or economic decline.

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Why one HR pro turned to talent development to address her company’s shortage of telecoms professionals

HR Brew

Currently, Gerig said her biggest challenge is managing all of the demands of the HR function, like keeping employees engaged, minimizing turnover, and staying on top of workforce development planning. If they had a desire to be in the telecommunications business, we would take them, hire them, train them.