After you’ve identified the strategy for your compensation plan that best meets your organization’s goals and company culture, the next step is to begin identifying your top performers. This is...
Leading organizations are catching on to the fact that stay interviews are a powerful employee retention solution that allows them to address workplace concerns before their best associates head for...
By now, business leaders understand the importance of driving employee retention. For one thing, it’s critical for reducing turnover costs. But it turns out that employee retention is perhaps more...
According to the U.S. Bureau of Labor Statistics, four and a half years is the median amount of time employees stay with their company today. That’s a grim statistic, considering...
Calculating employee turnover rate is a matter of dividing the total number of employee separations in a given year by the average total number of active employees working in the...
With consumer buying patterns changing rapidly, newer skill-sets which were not at the top of the priorities list before are holding the talent market ransom. Combine this with the fact...
Employee turnover is not only expensive, but when it occurs, an organization loses an employee who brought valuable knowledge, skills and resources to the company. Many organizations find it difficult...
Second (perhaps) to compliance, improving retention and engagement is the most important thing that HR department are expected to do to improve business operations and profits. Unfortunately, the HR department can...
There is a lot of speculation on how expensive it is to replace a productive worker. Studies have found that on average, it takes 125% of an employees’ annual salary...
Employee retention is perhaps one of the most important factors that contributes to the growth and success of a company. The dynamics between an employee and his work place is...