While the job market continues to fluctuate, there’s one trend that’s picking up speed: employee turnover. A March 2021 survey from Morning Consult and Prudential found that 26% of respondents plan to look for a new employer once “the threat of the pandemic has decreased.” As the United States inches closer to herd immunity, employers […]
Given the global coronavirus pandemic, one would assume this would be the cause for the high turnover across the United States. However, according to a new report, job dissatisfaction is one of the reasons employees left the workforce in 2020.
The term “boomerang employee” refers to a worker who has left your company only to be rehired sometime later. We’ve discussed the pros and cons of bringing back boomerang employees in the past, but as employers seek to rehire laid-off or furloughed workers, it’s time we look at new research to solve the question once […]
HR professionals know that classifying people by age can lead to trouble regardless of intentions. However, it is occasionally useful to look at what the experience of different generations in the workplace is. One recent study found that there was some undeniable conflict between the generations that spills over into the workplace.
Employee engagement is crucial to any organization’s success: Engaged employees are more productive, they produce higher-quality work, they have better overall morale, they have fewer issues with absenteeism, they are better teammates, and they have lower turnover.
Some industries are more susceptible to turnover than others, but everyone has to deal with it to some degree. Keeping turnover at bay requires a lot of attention, especially when it comes to exit interviews. In this edition of “Faces of HR,” we speak with one expert who has developed a method for encouraging honest […]
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%.