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One metric often used to assess the health and attractive power of an organization is its turnover rate. Measured as the percentage of employees in a workforce who leave during a set period of time, turnover rate reflects employee engagement at a certain company. First, leadership needs to understand the reality of turnover.
Engaged employees are essential to sustainable financial turnaround, particularly in terms of talent retention. Turnover is expensive and impacts your bottom-line for months after an employee leaves your company. At my company, the score from the engagement survey is used as a metric for each department.
Function area leaders in HR and recruiting are subsequently looking to analyze employee feedback data to identify and act on trends in training and retention. Further, companies that implement a regular feedback program have a decreased rate of voluntary turnover of nearly 15%. Key Metrics. What is Employee Feedback Data?
Significant executive leadership team member turnover in the past two years. If you’ve had significant turnover, it’s worth either revisiting your stated cultural values or freshening them to represent where the companies stands today. Retention and low employee engagement are real issues.
PeopleFluent is designed to address critical, talent-related challenges such as performance issues, high turnover, talent retention, and employee engagement. HighGround is a transformative employee engagement platform that helps organizations achieve peak performance. VIEW DETAILS ». VIEW DETAILS ». High Ground. VIEW DETAILS ».
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