15Five

OCTOBER 30, 2023

Employee turnover is an increasingly significant challenge across nearly every industry, and the decline started well before the Great Resignation. A recent labor statistics study by LendingTree found that between 2012 and 2022, the median job tenure dropped almost 11%, from 4.6 What causes employee turnover? years to 4.1

Retention and Turnover 246

Retention and Turnover Strategy How To Onboarding Software 246

EmployeeConnect

NOVEMBER 5, 2024

Now, companies are finding that work-life balance —enabling employees to excel both professionally and personally—is critical in reducing turnover and boosting job satisfaction. Let’s explore why work-life balance has become a cornerstone of retention strategies and the ways companies are adapting to this trend.

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Retention and Turnover Employer Branding Talent Experience Policies 264

Payactiv

NOVEMBER 20, 2024

In this article, we’ll deep dive into hospitality industry turnover and explore potential solutions to help employers navigate this challenging environment. Average Employee Turnover Rate in the Hospitality Industry The average turnover rate in the hospitality sector is currently 4.9% , compared to the average of 3.2%

Sexual Harassment 52

Sexual Harassment Hiring Software Background screening Staffing Software 52

Analytics in HR

FEBRUARY 28, 2024

Example: Annual employee turnover rate.) With the attrition drivers identified, Under Armour was able to make improvements to its employee retention efforts with enhanced people strategies , including incentives and rewards. For more real-world HR analytics examples, you can refer to the case studies we published in the past.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

Analytics in HR

MARCH 16, 2023

Talent development and retention An Employee Benefits News study shows that the average cost of losing talent is 33% of a company’s annual revenue. Investing in L&D initiatives and rewarding and recognizing good work will reduce turnover and help you retain top talent.

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AI Recruiting HR Software Strategy Hiring Software 144

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?

Retention and Turnover 246

Retention and Turnover HR Planning Onboarding Employee Recognition 246

EmployeeConnect

DECEMBER 3, 2024

Why Retention Matters Retention isn’t just about keeping employees around; it’s about maintaining a motivated and skilled workforce that contributes to organisational success. High turnover rates can disrupt productivity, burden remaining employees, and inflate hiring costs.

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Hiring Software Onboarding Software Assessment Software Recruiting Software 147

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

HR Planning 246

HR Planning Retention and Turnover Objectives & Key Results HR Software 246

Analytics in HR

OCTOBER 11, 2022

Providing employees with learning opportunities can boost employee engagement, resulting in higher productivity and profitability while lowering employee turnover. Gallup studies have shown that engaged employees result in business growth. Reducing turnover. Skills gaps. Technology is rapidly changing the workplace.

Planning Tools 145

Planning Tools HR Software Compliance Training Hiring Software 145

Analytics in HR

NOVEMBER 2, 2022

Turnover : Descriptive analytics could be used to analyze employee turnover rates to compare the annual turnover between two teams or two departments. With this knowledge, you can make changes that will keep more staff with the company and lower the turnover rate. Diagnostic analytics. Diagnostic analytics process.

Analytics 138

Analytics HR Planning HR Software AI Recruiting 138

Peoplebox

SEPTEMBER 11, 2024

Limited budget involvement Better retention Internal mobility Organizational flexibility Note – When discussing transfer prospects and employee expectations, it is important to keep the lines of communication open. Boomerang employees Employee turnover can occasionally be attributed to outside factors. Why use this method?

Video Recruiting 111

Video Recruiting AI Recruiting Recruiting Software Hiring Software 111

ClearCompany HRM

NOVEMBER 29, 2022

A recent Breeze study found that 63% of employees have taken at least one day off due to mental health in the last year. Lost productivity, absenteeism, and employee turnover all result in substantial financial losses. Voluntary turnover alone is thought to cost $630 billion. Improves Employee Retention.

ClearCompany 451

ClearCompany Hiring Software Retention and Turnover Planning Tools 451

Analytics in HR

APRIL 4, 2023

It also impacts employee retention. Hiring unsuitable candidates can lead to poor performance and employee turnover. Talent acquisition is HR’s long-term strategy to attract the best talent to help grow the business. Talent acquisition also helps in saving time and money.

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Talent Acquisition Recruiting Software Talent Experience Background screening 128

Cornerstone On Demand

AUGUST 21, 2017

The numbers from study after study show that in the medium to long-term doing the right thing by parents can pay for itself. One study out of the Center for Women and Work found that women who took maternity leave were 93 percent more likely to be working nine to twelve months after giving birth than those who didn't take leave.

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Retention and Turnover Policies Talent Experience Study 259

Analytics in HR

JUNE 30, 2023

Doing this well leads to lower turnover, higher productivity, and increased engagement. Reducing costs – A well-designed talent acquisition strategy helps reduce recruitment costs by streamlining the hiring process, improving the quality of hires, and lowering turnover rates, saving both time and resources in the long run.

Talent Acquisition 26

Talent Acquisition Video Recruiting Hiring Software AI Recruiting 26

Cornerstone On Demand

AUGUST 9, 2017

A 2017 American Psychological Association study on stress found that Americans are more stressed out now than they have been in the last decade. 1) Improve Employee Engagement As employers, we spend a great deal of time, money and effort on employee engagement and retention programs for our employees. But what is "mindfulness"?

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Employee Engagement Company Retention and Turnover Compliance Training 287

Achievers

JANUARY 19, 2021

According to a Grant Thornton LLP and Oxford Economics study , executives who say their culture is extremely healthy are 1.5 This is short-sighted … Our study shows that, in fact, investing in culture can help companies grow and thrive financially, and keep employees for a longer time period.” Live and breathe recognition.

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Retention and Turnover Employee Engagement Employee Recognition Study 322

Recruiters Lineup

AUGUST 10, 2024

They’re familiar with SaaS companies’ specific challenges, such as scalability issues, customer retention, and continuous integration and deployment. By reviewing various case studies and user/client testimonials, you can gauge a recruiter’s ability to deliver results.

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Recruiting Software Staffing Software Planning Tools Hiring Software 83

15Five

MAY 31, 2023

As part of the application process, we explained the problems that our technology solves, submitted this client Case Study , shared a demo, listed key differentiators, and provided some insights into our unique, people-centric culture. Below are some snippets from the application. Product 2 is Engage , 15Five’s engagement survey product.

HR Software 278

HR Software Onboarding Software Planning Tools Retention and Turnover 278

Hppy

JANUARY 20, 2022

Fortunately for you, there are ways to significantly increase the employee retention rate of your enterprise, including offering flexible work arrangements, giving them a periodic raise, creating opportunities for advancement, and being open to their feedback. Hopefully, the above tips will help you improve your employee retention rate.

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How To Productivity Examples Study 165

AssessTEAM Performance Management

OCTOBER 23, 2024

Their objective was to create a more favorable work environment that could boost employee morale, increase engagement , and ultimately improve retention. Get a free demo Significant Reduction in Attrition: Within three months of implementing the surveys, the firm successfully reduced its employee turnover by 30%.

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Case Study Study Retention and Turnover Survey 97

AvilarHR

OCTOBER 1, 2024

Compounding the issue is that, according to a CyberArk survey , nearly two thirds of practitioners report feeling overwhelmed by their workloads, leading to burnout and higher turnover rates. Skills Gap It’s not simply a lack of personnel that is the obstacle to a company’s cyber resilience.

HR Software 66

HR Software Hiring Software Staffing Software AI Recruiting 66

Analytics in HR

AUGUST 16, 2024

More effective talent acquisition: A BCG study reported that two-thirds of candidates believe a timely and smooth recruiting process makes employers stand out from their competitors. Improved new hire retention: Candidates who have a more positive experience during the hiring journey are often more engaged, productive, and motivated at work.

Recruiting Assessments 98

Recruiting Assessments AI Recruiting Recruiting Software Hiring Software 98

15Five

SEPTEMBER 6, 2017

Higher job satisfaction, organizational commitment, performance and career effectiveness, and lower turnover and stress. Employee-centric onboarding programs result in greater retention and customer satisfaction. Christopher Collins at Cornell University explains how to reduce turnover through social embeddedness. Find Out Now!

Onboarding Software 174

Onboarding Software Onboarding Hiring Software Company 174

HRExecutive

JANUARY 4, 2024

However, as economic and market conditions change, employers aren’t as singularly challenged by recruiting and retention—which, experts say, could suggest increasing opportunities to strategize for long-term people success. “Companies that will be ahead of this in 2024 are looking at things holistically,” Turner says.

AI Recruiting 137

AI Recruiting HR Software Hiring Software Recruiting Software 137

15Five

JULY 18, 2023

Going through layoffs or a reduction in force (RIF) can create a ripple effect through an organization, causing everything from a dip in morale to a spike in regrettable turnover. MIT Sloan recently studied Glassdoor data to assess the impact of layoffs on surviving employees and company cultures.

Retention and Turnover 242

Retention and Turnover Metrics Survey Study 242

Visier

JULY 5, 2018

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). Too often we decide these based on gut-feel and belief.

Hiring Software 280

Hiring Software HR Software Recruiting Software Planning Tools 280

Josh Bersin

JUNE 12, 2023

Historically this domain was defined by engagement surveys, retention and turnover studies, and industrial and organizational psychologists. As I discuss in this week’s podcast , People Analytics has grown up. Today, thanks to a new breed of vendors (and AI), a new era has emerged.

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Visier AI Recruiting Analytics Retention and Turnover 190

Hppy

NOVEMBER 15, 2024

Employee retention remains a top priority for companies worldwide. Turnover costs add up quickly, and hiring new talent doesn’t just hit the budget hard, it disrupts team dynamics and slows down productivity. Measuring happiness might sound like a soft metric, but it’s a game-changer for retention when approached strategically.

Metrics 91

Metrics Retention and Turnover Strategy Compliance Training 91

Hppy

DECEMBER 25, 2023

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Image by Drazen Zigic on Freepik Understanding the Concept of Talent Retention Talent retention refers to a company’s ability to keep its most valuable employees.

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Employee Benefits HR Planning HR Software Retention and Turnover 113

HRExecutive

NOVEMBER 9, 2023

While the numbers may have employers breathing a sigh of relief that the revolving door has stopped for the time being, experts say, HR leaders shouldn’t get complacent, as high retention driven by macro trends like the economy could lead to disengaged workforces.

Hiring Software 120

Hiring Software Retention and Turnover Planning Tools Onboarding Software 120

HRExecutive

APRIL 29, 2024

Recent studies have shown that nearly half of employed workers are more likely to stay with their employer if they have access to voluntary benefits. The post Why voluntary benefits are a ‘game-changer’ for retention appeared first on HR Executive.

Retention and Turnover 122

Retention and Turnover Employee Benefits Study Metrics 122

marenated HR

APRIL 11, 2022

For most companies, this period of decreasing levels of employee retention and higher rates of turnover brought on a hiring market that felt impossible to navigate to keep the upper hand. Here is how to go zero to hero with talent attraction and retention. You can read about it here. Or even here. Give the People What They Want.

Talent Experience 136

Talent Experience Retention and Turnover Diversity Hiring 136

Hppy

OCTOBER 30, 2023

For HR Managers, Chief Talent Managers, and Chief Happiness Officers, employee engagement and retention are top-of-mind concerns. But did you know that wellness challenges are an underutilized strategy with high ROI for boosting engagement, wellness, and talent retention? So what does a successful wellness challenge look like?

Retention and Turnover 113

Retention and Turnover Wellness HR Software Analytics 113

HR Brew

JUNE 12, 2024

It can be a strategic investment in their well-being, providing them with the chance to rest, recharge, and recommit to their jobs following extended time off to travel, study, or whatever else they’d like to do. The tech giant’s turnover rate has been just 5.6% turnover rate for the industry as a whole.

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Retention and Turnover Paycor Recruitment Compensation 186

Hppy

MAY 6, 2024

Image by freepik What is Employee Turnover? Turnover rate refers to the rate at which employees leave and must be replaced with new staff. Employee turnover refers to the rate at which employees leave an organization and must be replaced, usually over an annual period. What causes Employee Turnover?

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Retention and Turnover Wage and Hour Training Employee Recognition Career Development 103

HR Bartender

FEBRUARY 18, 2020

Common HR metrics include cost per hire , time to fill, and turnover rate. An example of talent analytics might be analyzing stay interviews , exit interviews, and turnover data to predict which sales employees are a flight risk. Metrics are a quantifiable measurement that is used to track and assess the status of a process.

Analytics 241

Analytics HR Software Interview Software Assessment Software 241