Remove Employee Appreciation Remove Hiring strategy Remove Retention and Turnover
article thumbnail

What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?

article thumbnail

Why employee retention is important in the construction industry

Homebase

Finding and keeping talented employees is an uphill battle for most hiring managers, regardless of the industry. You invest resources in hiring, training, and developing your workforce, only to see them walk out the door and into the arms of your competitors. What is employee turnover? What is employee retention?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Efficient Background Checks a Must as Hospitality Preps for Peak Travel Months

Sterling Check

Is your hiring workflow up to the challenge? The January Job Openings and Labor Turnover Report notes that new job openings have surpassed last year’s by 897,000. Unfortunately, hires aren’t keeping pace, leaving a hiring shortfall of 485,000. Hiring Needs to Happen Fast. Retention Strategies are a Must.

article thumbnail

eBook Preview: Employee Onboarding Meets Your Overall Management Strategy

15Five

When does the “ performance management ” of a new hire begin? Most leaders will tell you it takes place during those first days or weeks of a new hire’s arrival, when manager and employee sit down and establish goals. Employee onboarding is more than orientation. They watch one or several videos to help orient them. •

article thumbnail

24 Best Employee Engagement Software Platforms

Semos Cloud

Therefore, employers are realizing that their priorities lie in preventing employee turnover and increasing employee engagement. High employee turnover . Low employee productivity . Nowadays, employees looking to change their jobs have more options than ever. Recruitment and Talent Acquisition

article thumbnail

6 Common HR Challenges and How to Approach Them

Vantage Circle

These can range from company norms, employee grievances, new hires, etc. This will later affect hiring and retaining the workforce. Hiring is one of the first things that come to mind while thinking about human resources. So, it is crucial to have the best hiring strategies in the labor market at play to employ the best.

article thumbnail

10 Ways to Make November a Month of Employee Appreciation

Zenefits

Many SMBs found a new appreciation for workers as a result of the pandemic. High levels of open positions versus low levels of willing applicants and potential hires made staff on hand invaluable. The high price of low levels of employee recognition. When applicants are plentiful, you can afford a bit of turnover.