Practical HR Tips, News & Advice. Updated Daily.
Turnover in the United States is higher than many people think. According to the Bureau of Labor Statistics, the turnover rate across a wide range of industries in the private sector was over 47.4% annually in 2017, and that number has increased steadily from 42.3% in 2013. So, businesses need to be prepared to lose […]
In a previous post, we discussed the challenges that come with employee turnover and that those challenges aren’t limited to top-level executives. At any level, employee turnover means losing someone with institutional knowledge, the potential to sidetrack or at least impede progress on ongoing projects, and forcing employers to spend months onboarding replacements.
Managers can be so busy at work sometimes that it’s almost inconceivable for them to think about anything beyond the present day or even hour. And, while many business leaders wisely set aside time to think about 1-year, 3-year, or 5-year plans, far too few spend time thinking about where their current workforces will be […]
Most organizations don’t have a succession plan or a cross-training program in effect right now. And they are missing out on all the many benefits that can come with cross-training employees to succeed within their organization; listed below are a few of them.
Currently, around 43% of the U.S. workforce works remotely at least part time. And although the number of remote workers has steadily increased in recent years, not many employers have a succession plan that includes them.
The problem is compounded, Harrington says, because although Gen Xers do want to move up to the Boomers’ jobs, they don’t want the stress that goes with the jobs. They also want work/life balance, and that creates a conflict. Harrington, founder and president of Purposeful Hire Inc., offered her tips at BLR’s Strategic HR Summit, […]
To get a better handle on what’s new in succession planning, we turned to BLR’s newly-published Top 10 Best Practices in HR Management for 2012. We’re dealing with an aging workforce. For example, the Bureau of Labor Statistics reports that over one-third of the civilian employees working for the federal government are eligible for retirement. […]