article thumbnail

Professional and business services employees are thinking twice before quitting

HR Brew

The latest Job Openings and Labor Turnover Summary (JOLTS) from the Bureau of Labor Statistics, released on June 4 , showed that the total number of quits in April was 3.5 HR leaders and executives need to spend more on upskilling, training, and coaching their employees, Mazzullo said, because doing so will help retention in the long run.

article thumbnail

Replacement Planning: 3 Steps to Develop Your Organization’s Strategy

HR Bartender

A certain amount of turnover is healthy for the business, as are certain types of turnover (for example, the dismissal of a toxic employee). If not, you can obtain it in the form of training records, performance reviews, coaching feedback, and 9-box grids. Again, your staffing analysis should contain this information.

Strategy 315
Insiders

Sign Up for our Newsletter

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

article thumbnail

Lessons Learned from the Last Recession: Don’t Cut Management Training (For Long)

Achievers

Here are the types of companies who call us: “ Turnover has gotten worse year after year despite my efforts.”. “A As my team and I work with business leaders to diagnose the root cause of their increasing turnover, one common factor almost always surfaces. Retention was fine until they got here.”.

article thumbnail

Why Hospitality Workers Walk Away: Addressing the Root Causes of Turnover

Payactiv

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%

article thumbnail

10 things a good manager never does

Achievers

By focusing on improving management practices , companies can address broader issues that impact employee satisfaction and retention. Strengthening the role of management can create a ripple effect, leading to higher employee engagement and retention rates. Ignoring high turnover rates can deeply impact a workplace.

article thumbnail

Is Workforce Redeployment an Alternative to Layoffs?

Intoo USA

Workforce redeployment saves money and resources and increases retention Hiring consists of various costs (both monetary and human) to recruit, onboard, and train new employees. Layoffs add to employees’ stress and the time after a reduction event can be one where voluntary turnover increases. What Are the Benefits of Redeployment?

article thumbnail

Work Watch Report: Why 95% of Workers Are Open to Changing Jobs

Careerminds

These three factors are strong indicators of what drives employee retention or turnover, especially as job-hopping becomes more common. The findings revealed that 95 percent of workers are either actively looking for or planning to seek new job opportunities, underscoring the need for stronger retention strategies.

Report 52