Extensis

JANUARY 23, 2023

Reports show the number of employers using PEOs has grown nearly 40% since 2008, and Guardian’s 11 th Annual Workplace Benefits Study shares insights into why. In fact, a Lexington Law study reveals nearly 70% of Americans agree they would take a lower salary in favor of better benefits.

Study 97

Study Hiring Software Trends HR Software 97

Visier

JUNE 27, 2017

Let’s start with an illustrative example: You report your standard turnover metric – that your salesforce turnover rate is 20%. But then you add a comparison number, like the industry average is 9%, so they begin to see the scope of the problem. million – you immediately get their attention. Revenue… over cost-cutting.

Data 152

Data Hiring Software Talent Acquisition Retention and Turnover 152

Visier

AUGUST 3, 2018

Let’s start with an illustrative example: You report your standard turnover metric – that your salesforce turnover rate is 20%. But then you add a comparison number, like the industry average is 9%, so they begin to see the scope of the problem. million – you immediately get their attention. Revenue… over cost-cutting.

Data 153

Data Talent Acquisition Hiring Software Metrics 153

Vantage Circle

SEPTEMBER 16, 2021

ESOP plans are one of the best ways of employee retention and loyalty. In comparison, when a company is sold to a strategic buyer, the current owner receives the full sale proceeds minus the portion into an ESOP. These distributions may take various forms, such as fractional shares of company stock, cash payments, or both.

Planning Tools 52

Planning Tools Retirement Hiring Software Staffing Software 52

HR Tech Girl

JULY 5, 2023

Higher Job Satisfaction and Reduced Turnover Transparency in compensation has been found to positively impact employee morale and engagement. Employees feel valued, motivated, and appreciated, resulting in higher retention rates and a competitive advantage in attracting top talent. This piece is continuous.

Case Study 98

Case Study Study Compensation Hiring Software 98

Vantage Circle

NOVEMBER 15, 2024

Turnover Rate: This metric sheds light on the percentage of employees who leave companies at a particular period. A spike in turnover rates implies that employees are unhappy and disengaged in the organization, with no scope for growth opportunities. A lower turnover will fetch you high ROI from your engagement initiatives.

Employee Engagement 82

Employee Engagement Hiring Software Assessment Software Onboarding Software 82

DailyPay

FEBRUARY 16, 2023

High turnover rates can negatively impact the success of retailers. To help bolster their employee retention strategy , retailers must invest in their employees with valuable pay and benefits packages that align with employees’ needs. in comparison to the average rate of 47.2% According to the U.S. across industries.

Retention and Turnover 59

Retention and Turnover Wage and Hour Training Comparison Benchmarking 59

Visier

JUNE 22, 2015

If you work in HR or have managed a team, it’s likely that you understand the dilemma presented by this type of scenario: Competition for talent is fierce , and when an employee leaves due to voluntary turnover, it typically costs 1.5 This comparison helps you determine how well she is being compensated within her existing pay band.

Compensation 150

Compensation Comparison Bonuses and Incentives Hiring Software 150

Analytics in HR

JANUARY 11, 2022

Voluntary employee turnover rate 2. Employee retention rate 3. Voluntary employee turnover rate. Highly engaged employees are less likely to voluntarily leave – and this reflects in your voluntary employee turnover rate. Employee retention rate. Contents What are employee engagement metrics? Absenteeism 4.

Metrics 98

Metrics Employee Engagement Retention and Turnover ATS 98

ForUsAll

AUGUST 1, 2018

Putting together an employee retention plan is an exciting opportunity. Being successful with employee retention can have a huge impact on your company’s bottom line. It’s easy to imagine the impressive savings from just a small improvement in retention. Step #1: Analyze Your Business’s Retention Situation.

HR Planning 49

HR Planning Planning Tools Retention and Turnover Aptitude Tests 49

Extensis

NOVEMBER 13, 2024

annually, which was more than double of any other national comparisons available. Employee turnover rate 12% lower In the first few years following the pandemic, workforce dynamics had wildly shifted and SMBs across all industries were struggling with maintaining top-level talent.

Study 52

Study HR Software Assessment Software Planning Tools 52

Engagedly

OCTOBER 28, 2024

Tracking turnover rates has always been a priority in HR, but in today’s remote and hybrid workplaces, it’s more critical — and complex — than ever. But turnover rate isn’t just a metric on a spreadsheet; it’s a vital tool for understanding team dynamics, driving engagement, and nurturing a healthy company culture in a virtual setting.

Retention and Turnover 52

Retention and Turnover Metrics How To HR Planning 52

Analytics in HR

JANUARY 8, 2024

A study found that when employees are asked whether they see themselves remaining with a company in two years’ time, they will be honest about their intentions. This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys.

Survey 110

Survey Examples Retention and Turnover Employer Branding 110

HR Tech Girl

NOVEMBER 10, 2022

By comparison, job ads for HR and Sales roles were the least likely to hide salary information to candidates—51% and 53%, respectively. By comparison, advertised roles for IT and HR professionals were the most likely to provide salary details with 27% and 29% failing to disclose, respectively. Of the IT roles studied, 66% of U.S.

Study 52

Study Hiring Software Recruiting Software HR Software 52

DailyPay

NOVEMBER 22, 2021

We had been struggling with retention and recruiting efforts since many of our competitors offered their employees on-demand pay as a benefit. There is no comparison between them and DailyPay. decrease in turnover rates among users. Download Case Study. Everything is available on the employee’s profile.

ADP 52

ADP Recruiting Software HR Software Paylocity 52

Compensation Today

JANUARY 10, 2017

A new PayScale study asked employees if their workplace made the world a better place , those workers who responded “yes” had the highest median pay of all survey respondents, at $50,600, followed by those who said “very much so,”at $49,700. Fight Turnover with Transparency. What can you do?

Payscale 40

Payscale Comparison Study Metrics 40

Semos Cloud

MARCH 4, 2020

While employee engagement is the main driver of employee performance and retention , improving e mployee e xperience will result in happier and healthier individuals as a whole. . This study can help you understand not only what drives employee experience, but which outcomes you can expect if you apply our tips. .

HR Software 94

HR Software Onboarding Software Hiring Software Planning Tools 94

PoliteMail

JULY 2, 2024

Benchmarking plays a crucial role in business, whether it involves internal assessments or comparisons with industry standards. By evaluating metrics such as sales and employee retention rates, companies can determine their strengths and weaknesses in relation to both their own past performance and that of their competitors.

Benchmarking 52

Benchmarking Assessment Software Planning Tools Comparison 52

Linkedin Talent Blog

NOVEMBER 20, 2019

So we applied the same calculation to the world of employee retention to see the odds of someone staying at a company — and we found three factors that are strongly linked to better retention. We looked at 32 million LinkedIn profiles to produce our own “retention curve.” Either new position was linked to greater retention.

Retention and Turnover 37

Retention and Turnover Glints Glint Survey 37

Analytics in HR

FEBRUARY 28, 2024

According to a study by Leadership IQ , 46% of newly hired employees will not succeed in their new roles within 18 months. The study reveals that new employees often underperform or fail, not due to a lack of technical skills but because of a flawed interview process. . This can indicate long-term retention and engagement.

Background screening 115

Background screening Screening Video Recruiting Hiring Software 115

Decusoft

MARCH 9, 2021

This proactive approach will better enable companies to ensure their employees are being paid fairly, ultimately resulting in less turnover and the ability to attract top talent. A Mercer study discovered that when employees feel they understand how pay is set, they are more satisfied in their roles. Develop a market-based approach.

Compensation 98

Compensation Hiring Software Planning Tools HR Planning 98

HR Morning

JULY 25, 2018

Studies that connect technology with a decline in well-being are beginning to add up. In 2012, The University of Gothenburg did an extensive study on the effects of computer and smartphone usage and found that excessive use can be linked to stress, sleep disorders and depressive symptoms.

Onboarding Software 93

Onboarding Software Assessment Software HR Software Company 93

DailyPay

JANUARY 24, 2023

According to a DailyPay sponsored survey done by the Mercator Advisory Group, the annualized improvement in turnover rate in the retail industry was 24% for employers who offer DailyPay over those who don’t. in comparison to the average rate of 47.2% The annual separation rate for retail in 2021 was 64.6% Bureau of Labor Statistics.

Hiring Software 52

Hiring Software Retention and Turnover Compliance Training Talent Experience 52

HRExecutive

APRIL 18, 2023

Compare the methodology in published studies done by others. For instance, there are a multitude of studies showing efficacy of diabetes-prevention programs , so some vendors cite earlier studies completed by others. Yet, how similar is the vendor’s intervention to the published work, and are the populations equivalent?

HR Software 57

HR Software Assessment Software Retention and Turnover Benchmarking 57

PoliteMail

MAY 3, 2022

Studies connect internal comms to employee engagement and researchers also report that transparent employee comms can “…reduce discrimination perceptions, enhance perceived organizational justice, and ultimately establish stronger EORs (employee-organization relationships).”. The impact of internal comms.

Metrics 52

Metrics Retention and Turnover Benchmarking Comparison 52

Analytics in HR

JUNE 7, 2021

An organization with a strong employer brand experience can experience: 28% reduction in employee turnover rates. In comparison, 75% of job seekers are likely to apply if the organization is actively managing its brand. Case study: Goldman Sachs. Case study: Sky. 50% reduction in cost per hire.

Employer Branding 98

Employer Branding Video Recruiting Strategy Hiring Software 98

Tango Health

NOVEMBER 29, 2021

A Korn Ferry study foresees a global talent deficit of 85.2 Successful benefits planning is a major driver in recruitment and retention, now more than ever. A decision support tool can give your employees a dynamic comparison of various plan options based on real-life claims data. trillion in unrealized annual revenues.

Planning Tools 78

Planning Tools HR Planning Assessment Software Recruiting Software 78

Peopletrail

MAY 3, 2024

A recent study shows that concern is growing about the role of artificial intelligence. Some of the most common and easily identified HR metrics include: Cost per hire Absenteeism Turnover rate Retention However, there are lesser-tracked metrics that are becoming increasingly important.

AI Recruiting 52

AI Recruiting HR Software Hiring Software Onboarding Software 52

Analytics in HR

APRIL 28, 2023

92% of people believe that constructive criticism is effective at improving performance , and Gallup even found that companies that give continuous strength-based feedback can reduce their turnover by almost 15%. It’s worth highlighting that no one in the study said they didn’t want any feedback.

Assessment Software 98

Assessment Software Hiring Software HR Software Onboarding Software 98

Bonusly

AUGUST 9, 2017

When Dr. Michael Moon applied analytics within a process methodology , she improved the first year new hire retention rate by 40 percent for corporate positions: "It was the first time that I used data for something practical. Turnover higher than the competition. Turnover reduced substantially. Start with a red flag metric.

Hiring Software 65

Hiring Software Analytics Assessment Software HR Software 65

PoliteMail

JULY 13, 2023

The primary goal of benchmarking is to use relative comparison data to identify areas of strength and areas for improvement. Standard communications KPIs include employee productivity, net retention, and employee engagement survey score. It provides a less insular and more objective comparative measure. Make an Action Plan.

Benchmarking 52

Benchmarking Assessment Software Planning Tools Retention and Turnover 52

cipHR

FEBRUARY 11, 2016

It can affect turnover rates, productivity and, ultimately, profits. A 2013 study from the Netherlands found that people who were exposed to more daylight during the week reported feeling more energetic and less tired, regardless of how long they slept the night before. Bring a bit of nature indoors.

Planning Tools 73

Planning Tools HR Software Retention and Turnover Productivity 73

DailyPay

OCTOBER 20, 2021

A Federal Reserve study found that over 40% of adults would not be able to cover an emergency expense of $400 if one arose. Financial stress doesn’t just cause a decrease in productivity — it could lead to lower levels of pay satisfaction from employees, increased absenteeism, and increased turnover rates. GET A FREE DEMO.

Wellness 52

Wellness Retention and Turnover PayActiv Kronos 52

Semos Cloud

SEPTEMBER 21, 2022

Internal communicators consider both tangible and intangible KPI’s such as employee trust, engagement, turnover, attrition, open rates, company culture, customer satisfaction and many more. . The turnover prompted an estimated loss of $223 billion. Employee Turnover, Retention, Attrition. Corporate Culture.

Hiring Software 52

Hiring Software Onboarding Software Meeting Retention and Turnover 52

HR Guy

MAY 25, 2023

Engaged employees are also more likely to stay with the company long-term, reducing turnover and the associated costs of recruiting and training new employees. Employee Turnover Rate Employee turnover rate is the percentage of employees who leave the company during a given time period.

Metrics 52

Metrics Employee Engagement Retention and Turnover Benchmarking 52

cipHR

NOVEMBER 8, 2023

You may need to invest some time to train them, but this is minimal in comparison to exorbitant recruitment costs (which, ironically, still don’t guarantee retention). Technology can help you identify suitable existing employees to potentially upskill and promote into those roles.

Hiring Software 52

Hiring Software HR Software Recruiting Software Planning Tools 52

Bonusly

FEBRUARY 28, 2023

When done right, employee recognition and rewards can have a powerful impact on retention, especially in high-turnover industries like medical and veterinary. With the help of Bonusly, Pender Vet went against the industry odds and experienced their highest-ever retention rate! billion dollars.

Employee Recognition 52

Employee Recognition HR Software Retention and Turnover Analytics 52