It is no secret that talent recruitment and retention is a costly process without any real guarantee of long-term employee commitment to a company. With employee turnover costing the U.S. $536 billion per year, is there a more proactive stance HR managers can take to better discover and address employee needs and recognize and reward […]
A lot has been written on the importance of people analytics. A data-driven approach to managing people offers a lot of advantages and supports managerial decision-making. In this article, we’ll explore the foundation for getting started with people analytics.
In its recent 2018 Bank Compensation and Benefits Survey, Crowe found that banks seem to have a new focus on human resources based on their salary increases.
U.S. companies spend over $70 billion annually on training and an average of $1,459 per salesperson, which is almost 20% more than they spend on workers in all other departments and functions. Most of that sales training and learning material (nearly 80% in some cases) isn’t retained because it’s curriculum-based. And it’s consistently not yielding […]
Does your organization routinely conduct exit interviews with departing employees? Some employers swear this is a great way to garner knowledge about how to improve the organization and reduce future turnover. Others feel it’s unlikely to gain real insights because departing employees no longer have an incentive to help. Let’s take a look at some […]
The Bureau of Labor Statistics (BLS) reports that approximately 25% of all new jobs in the us will be health care and home-based care. The BLS predicts that health care and home-based care will be among the fastest growing segments in terms of employment growth through the year 2024.
Driver turnover and driver shortage are two of the biggest challenges consistently facing the transportation and logistics industry. According to the American Trucking Association, turnover rates in the industry reached almost 87 percent in 2017 and the industry is currently short about 50,000 drivers. The ATA says if nothing changes, the industry will be short […]
Does your organization utilize employee engagement surveys? If it does, you are undoubtedly familiar with many reasons why they’re often cited as being critical to gauging the “temperature” or “mood” of the workplace. Indeed, there are many potential benefits to be gained but also some potential drawbacks. We’ll explore some of each now.
In January, Amazon announced its much anticipated shortlist of cities for its new second headquarters. While job seekers looking to join the industry giant eagerly anticipate the final announcement, companies currently operating in those shortlisted cities are dreading the impact that Amazon will have on their ability to attract and keep their top employees.
Let’s survey your current staff! How many people in your organization have been there 10+ years, are deep-rooted and likely aren’t going anywhere until retirement? We’ll call these staff “trees.” And how many people haven’t been there long, and their position will likely turn over multiple times in the next few years? We’ll call these […]