Great managers are turbochargers for team and business performance. So, when good managers leave an organization, the impact is significant. Not only are the direct costs of hiring replacements expensive, but there are also costs associated with lost productivity while new managers are coming up to speed, as well as the lost revenue while a […]
The current hiring landscape is proving to be difficult for all employers looking to hire skilled talent. While the struggles of today may not necessarily be the struggles of tomorrow, it’s best for employers to be prepared and plan ahead.
You think you hired the best candidate for the job. The new hire comes to work with a tremendous amount of enthusiasm for a new career. But after 6 months, that candidate is walking out the door, seeking other opportunities. Where did it all go wrong?
One study conducted by Columbia University shows that the likelihood of job turnover at an organization with a rich company culture is only 13.9%, whereas the probability of job turnover at an organization with low company culture is as high as 48.4%.
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.