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Youll be seeing more of these companies in the coming weeks and monthsthrough a series of published case studies here on the blog. At a national retail group, the platform helped reduce turnover by 15%, improved communication, and cut manual HR tracking time by more than 50%. Congratulations to the winners!
As workers continue to resign, the benefits of employee retention have never been so apparent and companies are naming retention a top priority this year. With 50% of CEOs saying that recruitment and retention are one of their biggest challenges in 2022, it’s time to turn to more creative ways to retain employees.
This post was originally published in October 2019 and updated in July 2022 to reflect new information about how employee recognition impacts employee engagement and productivity. A lack of engagement can lead to a decrease in productivity and employee retention — and it’s expensive, too. 18% lower turnover for high-turnovercompanies.
There’s no better year than 2022 to prioritize employee retention — after all, we’ve all heard of the Great Resignation. Your company needs to hone in on employee expectations and monitor engagement levels in order to retain talent. Check out these 8 strategies for retaining employees from @ClearCompany: Ask for Employee Feedback.
Its benefits range from eliminating bias to decreased employee turnover rates. They increased workforce diversity by 6%, with new hire retention rates of around 90%. Competency-Based Systems Improve Employee Retention Reduce the chances that you’ll lose your best people with competency-based hiring.
Only 20% of employees globally say they feel engaged — so now is the time to refresh #EmployeeEngagement strategies at your company. Check out @ClearCompany's latest post for more: 1. Employee feedback — both given and received — is an extremely valuable tool for engagement, performance, and retention. Be Transparent.
Luckily, 93% of companies say they’re making mental health care for employees a priority and expect to over the next three years. With an EAP in place, companies can provide employees with the guidance and resources they need to manage their stressful situations and positively impact their mental health. Improves Employee Retention.
Screening resumes manually, coordinating interviews across time zones, and tracking candidates through endless email chains creates frustration for everyone involved. We’ve researched the market and identified 20 platforms that actually deliver on their promises. Your recruitment process shouldn’t be holding you back.
It gives you the ability to provide excellent candidate and onboarding experiences, which improve retention. That’s significant considering employee turnover can cost up to two times their salary. Create a hiring timeline to keep your process on track and reduce employee turnover. What are your new hire turnover rates like?
According to Talent Board’s 2022 North American Candidate Experience (CandE) Benchmark Research Report, resentment among new hires increased, meaning that they had more negative experiences last year than they did in 2021. Get ClearCompany’s in-depth guide: What is Employee Onboarding?
Research shows that effective onboarding processes can boost retention rates by 82% and improve productivity by over 70%, highlighting just how critical this phase is to long-term success. Greenhouse : Best for structured onboarding that ensures new hires align with company goals from day one.
Construction companies are in the midst of a labor shortage that isn’t letting up. Future-Proofed Staffing: Workforce Planning in Construction Workforce planning is when HR teams take stock of their workforce and plan for their companies’ future staffing needs. Navigating construction labor shortages?
AI can even contribute to your diversity, equity, inclusion, and belonging (DEIB) goals by reducing bias during the screening process. The best AI HR software makes it easy to build informative dashboards that update in real time, ensuring every viewer sees the same information.
Employee retention is a critical challenge for organizations across industries. High turnover rates can lead to increased costs, decreased morale, and disruptions in productivity. To address this issue, many companies are turning to employee retention software, which uses advanced technologies to help retain top talent.
In today’s post, we interviewed ClearCompany’s Director of Talent Acquisition, Brian Abraham. With 20 years of experience recruiting for high-growth technology companies spanning corporate, agency, and services consulting, Abraham is passionate about connecting A-level talent with pivotal and engaging career opportunities.
Hospitals see an incredible 100% turnover every five years and lose as much as $9 million annually due to turnover. We’ll also look at winning strategies health systems use for hiring and retention. Did you know hospitals see 100% employee turnover every 5 years? In 2021, 27% of registered nurses (RNs) left their roles.
Your HR team works to maintain that number so that every team has the people they need to be productive, even when there’s unexpected turnover. But you’re not just working to maintain headcount — as HR professionals, you’re looking for the unique combination of skills and experiences employees must have to help your company reach its goals.
And with 25% of workers at risk of quitting, retention is more important than ever: What would happen if 25% of your workforce decided to leave your company? That means that prioritizing employee retention in 2022 is essential. What Is Employee Retention? The Facts: Employee Turnover in 2021. Turnover was 57.3%
At a basic level, an ATS is an automated system that digitally stores applications and candidate information to help recruiting teams stay organized. Efficient In-house Hiring When you outsource hiring, roles may be filled — but at a high cost to both HR budget and company culture.
If you're like most business owners, you might have a general idea of how much employee turnover your business experiences. Employee turnover is so frequently talked about yet rarely addressed for the sole reason that most businesses find it too hard to quantify. In fact, there are ways to measure the impact it has on your company.
Does L&D have a positive impact on recruitment, engagement, and retention? More than 90% of L&D leaders agreed that effective training and development programs improve employee retention. Your companys employee training and development initiatives have arguably never been more important than today.
It was updated in December 2024 with new information. The data speaks for itself : Just 2% two percent of CHROs agree that their companys performance management practices inspire employees to improve. Only one in five employees agree that their company gives reviews that are transparent, fair, or inspire better performance.
A well-designed onboarding program positively impacts performance, job satisfaction, and employee retention. Employee onboarding is the process in which new hires get familiar with the organization, the people, and the culture of the company they’ve just joined. It’s a key stage of the employee life cycle.
If their current company isnt upskilling them, employees are willing to jump ship for one that will. New hires are more like job candidates than employees, still evaluating the role and how they fit in at your company. All too often, new hires are left feeling confused, unprepared for their roles, and at high risk for turnover.
By Alison Wurth: If you’re overwhelmed with all the intricacies of recruiting , hiring, onboarding, employee retention and so on, rest easy. But if you are not onboarding for retention, odds are the position you just filled is about to be open again shortly. ClearCompany, with their years of research, has it down to a science.
Even after all of that, new hires are still at an increased risk of turnover. Its all in the research: Poor candidate experiences have risen in the past few years , and two of the main contributors are longer hiring processes and a lack of communication from recruiters as they progress. How do we know? Transform your hiring process!
ClearCompany says providing a great #onboarding experience will set your new hires off on the right foot. Check out their strategies for overcoming these 5 pain points #recruiters face in their onboarding efforts: 1. New Hire Turnover Is High. Information Is Lacking for New Hires. New Hires Are Unsure of Onboarding Goals.
When employers create a positive workplace experience, employees are more likely to stay with the company and perform higher-quality work. ClearCompany breaks down what #EmployeeExperience is and how it affects your workplace #goals in their latest blog: What is Employee Experience? Retention. Find out more: Engagement.
Today, your company is competing for top candidates in a slow labor market. Make your company stand out with a personalized hiring process that candidates will love. They also help kick off a positive relationship between your company and candidates, which you reinforce with communication and transparency about where they stand.
Driving employee retention remains a top priority for HR teams as the Great Resignation and hiring challenges continue. Gallup recently reported on the steady dip in employee engagement that’s undoubtedly driving some of this employee turnover. More employees feel a lack of connection to their company's mission.
And it’s not all talk — one in two companies has a turnover rate of 15% or more , while one in five reports a rate of 30% or more. If your employees don’t see that opportunity at your company, they’re looking elsewhere. If your employees don’t see that opportunity at your company, they’re looking elsewhere.
While in general, hiring may be slower today than it was a year or two ago, it’s going strong at plenty of companies, and many employees — anywhere from 46% to 96% of workers — are on the hunt for a new job this year. Best of all, these same organizations experience 50% greater new employee retention.
Companies with high engagement scores report better outcomes , including increased customer loyalty, reduced employee turnover, and fewer safety incidents. According to McKinsey research, it’s all about the experience — employees are 16 times more engaged if they reported having a positive employee experience. Attraction.
This article about the impact of employee recognition was originally published in August 2014 and was updated in December 2023 with new information and sources. We also want to build a solid company culture that attracts employees whose values align. 37% of employees say recognition is the top way their company can help them succeed.
Companies are increasing pay and offering other benefits to bring in new hires, making it worth their while to switch companies. That’s why employee retention strategies are at the forefront of HR teams’ priorities across industries in 2022. But, only 12% of employees would say their company does a great job with onboarding.
The labor market is in a challenging stage for companies that want to hire new employees. Find out how #StayInterviews can help prevent turnover in @ClearCompany’s latest post: What does that mean for HR teams? They’re renewing their focus on employee retention to keep valuable top talent at their organization.
This post on onboarding systems was published in May 2018 and was updated in September 2023 with new information. Onboarding programs have increased retention by as much as 82%. Did you know that onboarding can boost new hire performance, retention, and more? How Do Onboarding Systems Work?
It was updated with new information about balancing employee development strategies with business needs in February 2025. Employees want career growth, but companies need productivity. On the bright side, 70% of companies now recognize the urgency of closing skills gaps. This article was originally published in September 2015.
When you notice that your employees are suddenly more or less productive or turnover is way up or down, do you have access to data insights to help you figure out why? If you’re monitoring important talent management metrics, you’ll be able to pinpoint potential causes and make informed choices about what to do next.
According to the National Association of Manufacturers (NAM) Manufacturers’ Outlook Survey , companies’ optimism about their future is rising. Despite the addition of so many jobs, almost 550,000 are vacant , and research from Deloitte and The Manufacturing Institute indicates that that will increase.
In this post, we’ll hear from Erin Riska, SHRM-CP and HRCI -PHR, Performance Management Strategic Advisor to ClearCompany. Entire companies went remote and a record number of Americans left the workforce. At many companies, performance reviews were modified or canceled altogether as they navigated the uncertainty.
Engagement affects retention, productivity, and motivation — all aspects of the employee experience. Companies that rank in the top quartile for employee engagement are 23% more profitable than those in the bottom quartile. Companies that give feedback consistently report turnover rates that are 14.9% Give Praise.
Ever since turnover spiked to 130% during the pandemic and remained as high as 85% into 2021, it’s been even more of a challenge. If your human resources team is like most, you’re balancing the need for fast hiring with the need for effective retention strategies. When done well, onboarding can improve retention by up to 50%.
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