Turnover is one of those business expenses that can creep up on you. Sure, you’re aware of the obvious costs—recruiting, onboarding, training—but what about the ripple effects? According to SHRM, replacing an employee costs 50-60% of their annual salary. Add frequent turnover to the mix, and those...
Hiring skilled talent can be a daunting task for any business. Finding the right people can quickly become overwhelming from the expenses involved to the time it takes. Today, we’re breaking down the true cost of recruiting talent and exploring why choosing the right recruitment strategy is crucial...
Are you tired of watching your employees come and go faster than a sneeze during allergy season? Are you sick of spending time and money recruiting and training new hires, only to see them walk out the door a few months later? Well, buckle up, buttercup, because we've got some tips for you. In...
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Okay, so inflation is hotter than Ryan Gosling in a sauna right now, and it's messing with everything - including the job market. Everyone's fighting tooth and nail for top talent, but some companies are having a harder time than others. So, why is that?Reason 1: Dull Job AdsListen, if you want to...
A talent experience platform accomplishes far more than centralizing the structure of talent acquisition and management. It is indispensable in driving effective, high ROI workforce management strategies.
Employees spend more time in their relationship with their employers than they do with family, friends, spouses, or children. Their experiences at work matter, especially at a time when retention risk is at its peak.
What can you learn from that guy at work who always seems to get the plum assignments, or your co-worker who gets asked her opinion in every staff meeting? Plenty. There are certain types of employees who make a great impression on everyone, from subordinates to peers to executives. Here are three...
The prevailing attitude when discussing retention is to simply accept turnover as afact of life. This fatalistic mindset does nothing to help improve the situation or solve the problem. In actuality, there are specific and actionable that can be done to improve employee retention rates.
Here’s a sobering statistic: the voluntary turnover rate was11.6%. in the US last year. That may not sound like a lot, but it’s startling when you really think about it - on average, almost 12 out of 100 employees quit their jobs. This costs companies millions per year, not to mention the...
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