Visier

SEPTEMBER 30, 2016

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. However, knowing your turnover rate does little to support strategic business plans. Why should HR make employee retention a priority? Senior managers?

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Retention and Turnover Analytics Metrics Retirement 81

Visier

JANUARY 7, 2016

One fascinating source of information that the BLS publishes is known as JOLTS , or Job Openings and Labor Turnover Survey. If we look at one aspect of this dynamic — turnover — most organizations focus their analysis on the “how many” question: turnover rate. And something exceedingly rare has just appeared. So what is the conclusion? Today’s Talent Shortfalls.

Workforce Planning 91

Workforce Planning Data Trends Retention and Turnover 91

Visier

JANUARY 28, 2016

Even though healthcare has been projected to add 4 million jobs — more than any other industry — between 2012 and 2022 , turnover is high and hospitals perennially face a shortfall of registered nurses (RN). According to a survey by NSI Nursing Solutions, the average cost of turnover for a bedside RN ranges from $44,380 to $63,400. Too few staff (49% of respondents).

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Retention and Turnover Metrics Retirement High Performance Culture 53

Visier

APRIL 21, 2016

Only then can HR make data-driven business decisions and develop a workforce plan that optimizes talent investments while effectively monitoring recruiting, development, engagement, productivity, accountability, retention and many other workplace initiatives. It’s modeling and forecasting to make better business decisions on areas such as: Turnover. Churn/Retention. But did it?

Data 81

Data Analytics Retention and Turnover Workforce Planning 81

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turnover across the entire frontline.” retention by 40%.” So how effective are your managers at leading and. by 52%, and employee retention. retention, productivity, and employee engagement. FOUR WAYS TO CLOSE THE. LEARNING-DOING GAP FOR. FRONT-LINE MANAGERS 4FOREWORD We’re in business to help organizations. achieve their goals by making sure their. they need to succeed.

Retention and Turnover

Visier

JUNE 12, 2015

While the jury is still out on whether these initiatives — already successful from an employer branding standpoint — will improve employee retention or engagement in the long-run, one thing is clear: Hard-to-replicate and well-designed retention programs are key to attracting and keeping scarce talent. Prove the retention problem. How do you prove it? Step 2.

Retention and Turnover 60

Retention and Turnover Analytics Policies Data 60

Visier

FEBRUARY 20, 2015

For example, if you work in HR and want to get internal business leaders and line managers to champion a new employee retention initiative, an infographic could be a good approach. You could use an infographic to showcase significant retention metrics and explain how they relate to your initiative. Consider this Globoforce infographic, which looks at the cost of employee turnover.

Data 86

Data Retention and Turnover Metrics Globoforce 86

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 Some organizations offer retention bonuses over a two-year time frame to compensate for delayed career progression or similar situation. Step 1. Step 2.

Compensation 71

Compensation Retention and Turnover Comparison Bonuses and Incentives 71

Visier

JUNE 21, 2016

2014 White House report, The Economies of Paid and Unpaid Leave , outlines the business case for paid leave, summarizing a body of research from states and other developed countries that have paid leave policies, which found that paid leave can benefit employers by: Improving employers’ ability to retain talent, lowering costly worker turnover and minimizing loss of firm-specific skills.

Report 52

Report Diversity and Equality Policies Retention and Turnover 52

Visier

MARCH 27, 2015

Cluster common employee attributes to build talent retention strategies. Reactionary approach: Retention is a huge area of focus: unemployment is still going down, and employee mobility is on the rise. The typical approach to understanding the turnover problem is for HR to deliver reports identifying rates of turnover. This presents a challenge. Or performance rating?

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Talent Management Retention and Turnover Data Analysis 77

Visier

APRIL 27, 2015

Informed business executives know that talent has the upper hand in today’s market (hiring, new job creation, and voluntary turnover are all at 5-year highs, according to the BLS Job Openings and Labor Turnover Survey released in February 2015). More than ever before, the business world needs strong HR leaders. The workforce in the developed world and China is rapidly aging.

Trends 77

Trends CHRO HR Function Retention and Turnover 77

Visier

MAY 12, 2015

When properly understood, a clear picture emerges of key priorities for HR programs in areas such as recruitment, succession planning, and retention, allowing the business to target the right people when examining workforce trends and planning for the future. is using statistical projections in its efforts to reduce turnover among first-year employees. The Evolving Role of the CHRO.

Trends 69

Trends CHRO Retention and Turnover Data 69

Visier

MARCH 12, 2015

If your job is to run an HR function, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. These are busy people and too often they rely on intuition in the decision-making process — or they default to the simplest solution.

Data 70

Data Strategy Analytics Retention and Turnover 70

Visier

SEPTEMBER 16, 2015

In the long run, this is not just good for engagement, but also for retention. Analyzing this score alongside high performer turnover or absence rates will give you a good idea of how big an impact the manager is having on the team. How to Link Workforce Metrics With Business Outcomes, Part Two. In the tech industry, competitive threats loom large. previous 12 months).

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Metrics Talent Management Retention and Turnover Groups 47

Visier

MAY 21, 2015

Here are two examples that demonstrate how behavioural trends impact the bottom line, and how you can uncover these trends in your workforce data to deliver a credible point of view: The Economics of Turnover Contagion. What actually happens is turnover contagion. You can say to your leadership team: “Last time this happened we had an increase in voluntary turnover of 5%.

Retention and Turnover 43

Retention and Turnover Talent Management Bonuses and Incentives CHRO 43

Visier

NOVEMBER 30, 2015

There is still a huge gap between engagement data (even if it’s been effectively collected) and data about actual workforce outcomes, such as retention of key talent. What should an organization do if it has great engagement scores, but still suffers from high turnover in key roles? Engagement surveys are a mainstay in the arsenal of HR tactics. Take a hospital, for example.

Analytics 42

Analytics Compensation Employee Engagement Survey 42

Visier

SEPTEMBER 16, 2015

In the long run, this is not just good for engagement, but also for retention. Analyzing this score alongside high performer turnover or absence rates will give you a good idea of how big an impact the manager is having on the team. How to Link Workforce Metrics With Business Outcomes, Part Two. In the tech industry, competitive threats loom large. previous 12 months).

Employee Engagement 39

Employee Engagement Talent Management Retention and Turnover Metrics 39

Visier

JULY 14, 2016

There are a few areas where technology companies commonly struggle to improve when it comes to their people: Recruitment, Workforce Diversity, Retention, and Strategic Workforce Planning. Find the Right Employee Retention Initiatives (Ping Pong Table Not Included). Workforce Intelligence 101 business outcomes diversity recruitment retention workforce planningThe good news?

Workforce Planning 21

Workforce Planning Diversity and Equality Retention and Turnover Analytics 21

Visier

JUNE 4, 2015

We also had to let 120 poor performing engineers go, and 384 engineers left due to voluntary turnover, resulting in 504 exits total. But this was not enough to make up for the shortfall created by regrettable turnover. Recommended actions are: develop retention programs for high performing engineers. But not everything is going as planned. What do you do? focus on training.

Data 33

Data Analytics Talent Management Retention and Turnover 33

Visier

NOVEMBER 12, 2015

Consequences of this can range from reduced competitiveness and productivity to increased employee turnover to higher compensation costs. Alternatively, if your hiring process is doing well and landing a diverse set of new employees, but you see no change in overall organizational diversity, then you need to review the retention of your diverse employees – not just the hiring part.

Trends 29

Trends HR Trends Data Analytics 29

Visier

MAY 26, 2016

Case in point: Banks with lower employee turnover retain more customers. Do branches with higher average performance ratings or training hours for their employees have better customer retention? Workforce Intelligence 101 business outcomes datafication of HR finance industry recruitment retention succession planningInsurance firms with the right agents bring in more clients.

Succession Planning 20

Succession Planning Industry Retention and Turnover Workforce Planning 20

Visier

JANUARY 12, 2015

As Peter Cappelli outlines in this article, the last few months of steady job growth suggests that employee turnover rates will pose a big risk for businesses. Retention is no longer just a challenge to address with star performers — you need to look at people at all levels of the business who play a critical role. Step #1: Subscribe to the Economist. Who is the competition?

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HR Trends Trends Retention and Turnover Analysis 33

Visier

DECEMBER 16, 2014

This can lead to burnout, a decrease in morale, and increased turnover risks. good one is: “How is working while on PTO impacting productivity and employee retention?”. If you work in HR, December is the time of year when you start having more uncomfortable and random conversations with line managers on a regular basis. The Holiday PTO Tra p Defined. Travel Association.)

Retention and Turnover 11

Retention and Turnover Groups Analysis Data 11

Visier

FEBRUARY 20, 2015

For example, if you work in HR and want to get internal business leaders and line managers to champion a new employee retention initiative, an infographic could be a good approach. You could use an infographic to showcase significant retention metrics and explain how they relate to your initiative. Consider this Globoforce infographic, which looks at the cost of employee turnover.

Data 5

Data Retention and Turnover Metrics Globoforce 5

Visier

NOVEMBER 26, 2015

Here’s how: Step 1- Assess your current turnover and recruitment dynamics. For a moment stop thinking about the future and look at the current state of your turnover and recruitment: Do you know what is driving retention or turnover in critical roles? For example, determine your turnover rate by department, location, and/or role, and the corresponding vacancy rates.

Data 2

Data Succession Planning Retention and Turnover Retirement 2

Visier

MAY 21, 2015

Here are two examples that demonstrate how behavioural trends impact the bottom line, and how you can uncover these trends in your workforce data to deliver a credible point of view: The Economics of Turnover Contagion. What actually happens is turnover contagion. You can say to your leadership team: “Last time this happened we had an increase in voluntary turnover of 5%.

Retention and Turnover 2

Retention and Turnover Bonuses and Incentives CHRO Trends 2

Visier

OCTOBER 19, 2015

Employee turnover was around 4%, most of it involuntary or driven by economics. Today, educated and skilled people are in short supply, with an average turnover above 10%. What is the connection between engagement and performance or retention? It’s hard to attend an HR conference or visit an HR website and not hear the term “employee engagement.” issue last year)” in 2015.

Analytics 2

Analytics Glint Survey Retention and Turnover 2

Visier

MARCH 27, 2015

Cluster common employee attributes to build talent retention strategies. Reactionary approach: Retention is a huge area of focus: unemployment is still going down, and employee mobility is on the rise. The typical approach to understanding the turnover problem is for HR to deliver reports identifying rates of turnover. This presents a challenge. Or performance rating?

Talent Management 2

Talent Management Retention and Turnover Data Analysis 2

Visier

MARCH 12, 2015

If your job is to run an HR function, you likely encounter this challenge on a regular basis: It is often the managers and department heads who make decisions that impact the results of key programs, such as retention and recruitment. These are busy people and too often they rely on intuition in the decision-making process — or they default to the simplest solution.

Data 2

Data Analytics Retention and Turnover HR Function 2

Visier

OCTOBER 15, 2014

They are varied, but we are seeing HR focus on critical areas such as retention, recruiting, diversity requirements, and generational divides. Here are our top 5 trends for the not-so-distant future: Trend #1: Companies will double-down on retention and recruiting. In the improving economy, retention challenges will arise as workers become more confident in exploring new jobs.

Trends 2

Trends Retirement Retention and Turnover Benchmarking 2

Visier

APRIL 27, 2015

Informed business executives know that talent has the upper hand in today’s market (hiring, new job creation, and voluntary turnover are all at 5-year highs, according to the BLS Job Openings and Labor Turnover Survey released in February 2015). More than ever before, the business world needs strong HR leaders. The workforce in the developed world and China is rapidly aging.

HR Trends 0

HR Trends Trends CHRO HR Function 0

UpstartHR

SEPTEMBER 19, 2016

Years ago, I worked for an organization with a turnover problem. Everyone knows that employee turnover is a problem, but just how much of an issue is it, really? Today we’re going to explore the far-reaching nature of turnover and what it means for your organization. Anecdotally, I know that undesirable turnover can harm team morale, reduce revenue, and hamper innovation.

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Retention and Turnover Software Conference Productivity 81

HighGround

MARCH 15, 2016

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. Turnover rate is a top concern for all HR professionals and organizational leaders.

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Retention and Turnover Company HighGround Metrics 89

Get Hppy

SEPTEMBER 6, 2016

Because there is rarely a client harder to please than a manager who just lost a treasured employee and not only are they looking to you to fill the position immediately, but they’re also wildly hurt and upset that “turnover is such a problem.”. Luckily, I’m also a former Fortune 200 CHRO, and I’ve got a lot of time and experience on my site when it comes to dealing with turnover.

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Retention and Turnover CHRO Staffing Coaching 58

NoExcusesHR

NOVEMBER 3, 2016

HealthcareHR corporate culture ego employee relations employer brand HR human resources leadership retention rpo talent turnoverI've heard the excuses for years.literally. Leaders complaining about everything under the sun that is negatively impacting their departments. Some leaders are uncomfortable in groups. excuse) Some leaders don't have an outgoing personality. That's right.

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Retention and Turnover Employer Branding Employee Relations Groups 21

ExactHire HR Trends

NOVEMBER 2, 2016

Ah…employee retention. And…turnover–the subject of most leadership meetings and one of the biggest challenges facing every industry and company. So why is combating employee retention and turnover still such a problem for so many employers? Since no two individuals are the same, no single retention strategy can work for all. All too often leaders involved in tackling the retention problem are blinded by their own idea of retention, their own personal motivation to stay. Retention is About Meeting Needs. Why We Work.

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Retention and Turnover Meeting Compensation How To 50

How High Employee Turnover Hurts Your Company

TalentCulture

OCTOBER 27, 2016

High employee turnover hurts the business bottom line. Lost knowledge, training costs, interviewing costs, and recruitment costs all add up, and companies cannot afford to ignore the long term implications high employee turnover has on the success of the business. Employee retention strategies begin right from when the new employee steps through the door. Lack of training.

Employee Engagement 42

Employee Engagement Talent Management Retention and Turnover Resources 42

TLNT: The Business of HR

MAY 13, 2015

As turnover rates for employees continue to increase, there seems to be an almost universal agreement among HR and managers that “ we must do something” to retain our employees. HR Management Talent Management Best practices Company culture HR management HR trends retention talent management turnover voluntary turnoverFirst of two parts. more…).

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Retention and Turnover HR Trends Trends Company 48

SuccessFactors

NOVEMBER 1, 2016

Chason Hecht is the CEO of Retensa , a company created initially to focus on identifying retention issues by diagnosing what causes the departures. Interestingly, Hecht started his career at a company where no one left, which gave him a unique perspective: Even now, turnover is not a given, especially for those people you really want to keep. Hecht is certainly onto something.

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Retention and Turnover Onboarding Analysis Talent Management 29