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In my last post , I discussed how innovative new ideas that drive success come at the intersection of the workforce and the business. Case in point: Banks with lower employee turnover retain more customers. At the crossroads of the workforce and the business is where HR can have its greatest impact.
One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. Companies recognized that without a plan for how to address their workforce needs, they put their entire company at risk of going out of business or being sold off. The Better Way to Do WorkforcePlanning.
The COVID-19 pandemic remained a backdrop for the year’s workforce trends, with the Great Resignation sparking recruiting and retention priorities and a dispersed workforce causing companies to manage a mixture of hybrid, remote , and in-office staff. The average tenure of C-suite employees is 4.9
Onboarding management system Effective onboarding sets the foundation for long-term engagement and retention. This builds trust and autonomy for your startup’s people and frees up your HR team to focus on strategic initiatives like talent management or successionplanning.
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