Posts tagged with 'retention'
You May Be Surprised How Long You Need to Keep RecordsRead the rest of this entry »
When the paper files build up and the cabinets start bulging, it's time to do some purging. It's a task that in small offices often gets delegated to whoever looks the least busy.
Is that a good idea? Maybe not. In those files may be the personnel records of long gone employees, making them likely candidates for disposal. Then a week later or a month later or a year from …
CEOs Say Tight Labor and Retaining Talent Are Top ConcernsRead the rest of this entry »
The possibility of recession, the certainty of intense competition, a tight labor market and global trade and instability, are the top worries of corporate CEOs worldwide.
Only in China, with a population of 1.4 billion, are executives less concerned about the labor market, but even they rank attracting and retaining their best talent as their number one internal worry.
The annual survey of the world's CEOs by The Conference Board, …
Majority of Workers Don't Expect to Change JobsRead the rest of this entry »
Tomorrow the government reports its preliminary employment numbers for September. At 125,000 to about 130,000, analysts are predicting the month had one of the smallest increases in new private sector jobs this year.
However their guesses turnout, it will have no effect on the tight labor market. If anything, a report last week from the global consulting firm Gartner suggests hiring is about to get even more difficult. Gartner's Q2 …
Here's Why Workers Change JobsRead the rest of this entry »
You've heard this before, but with talent harder than ever to recruit, it's worth repeating: Retaining good people is far more cost effective than hiring. So do you know why your people leave?
After reviewing 34,378 exits during 2017, the Work Institute has a pretty good idea. And many of the causes of voluntary departures are entirely within an employer's control. Says the Institute in its most recent report on …
Talent Hoarding Is Bad For BusinessTalent hoarding isn't a new business problem, but in today's supercharged competition to hire and keep the best people, smart companies are making an effort to discourage the practice.Read the rest of this entry »
When managers hold on to their best performers by failing to encourage their ambitions and advocate on their behalf, the consequences to the company of this talent hoarding can be significant.
“Hoarding inevitably results in key people leaving — a problem …
Improve Retention With 'Stay Interviews'With 10,000 Baby Boomers retiring every work day, and the unemployment rate for college grads half the national average, retention of top talent is becoming a big worry for most companies. Instead of just worrying, smart managers conduct 'stay interviews.' The opposite of the exit interview, these are aimed at discovering what it is that keeps people on the job and what it would take for them to leave. Says …Read the rest of this entry »
Attract and Retain Talent the Old School WayAre you making job offers only to have them turned down? Are you losing more and more of your prospects to counteroffers? With the unemployment rate for the college educated now at 2.5%, hiring almost anyone with a four-year degree is so challenging that losing even a single candidate is cause for concern. What's the solution? Pay more. A lot more in your most important and critical areas, says Jeff …Read the rest of this entry »
Stress, Work Overload Causing More TurnoverRead the rest of this entry »
After years of asking workers to do more with less, companies in 2015 will focus on employee burnout.
"Developing policies and procedures that relieve employees’ sense of being overwhelmed at work and promote sustainable work habits will be one of the top organizational change management initiatives of 2015," says ClearRock, a leadership development, executive coaching, and outplacement firm.
Counteroffers Make A ResurgenceRead the rest of this entry »
With skilled workers at the top of their game becoming harder to find every day, it's no surprise that employers are focusing more effort on retaining their best performers.
Performance bonuses, merit pay increases, promotions, and improved benefits such as more vacation are part of the arsenal of techniques employers have long used to keep their best workers. How effective these tools are in the long run, is open for …
Onboarding is Not OrientationRead the rest of this entry »
Onboarding has to be more than introducing the new hire around and making sure the paperwork is properly filled out.
Done properly, the onboarding process can make a new employee feel "at home" more quickly, leading to a more productive and engaged worker. Without support and encouragement that begins from the moment the job offer is accepted and lasting well into a new worker's first months, turnover rises and those …