In a new study by Future Workplace and Kronos, business leaders continue to express the importance of employee retention. With low unemployment rates and high marketplace activity, the hiring landscape is competitive, to say the least.
Employee Engagement, Employee Retention
The importance of employee engagement can’t be overstated. In short, employee engagement directly affects a company's bottom line.
employee attrition, payroll costs, Cost of turnover, Employee Retention, employee turnover, Financial Security, financial wellness
Monitoring and assigning a dollar figure to turnover is important for any business. Companies need to track employee turnover so they can look for and minimize causes of turnover, in part to protect their bottom line.
Employee Retention, industry, employee retention rate, average retention rate
Attrition has always been expensive for companies, but in many industries, the cost of losing good workers is rising, thanks to increasingly tight labor markets. This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the[...]
retention, Turnover, bottom line, Employee Retention, employees quit
Employee retention refers to an organization’s ability to keep its employees. Employee retention is usually represented as a percentage. For example, an annual retention rate of 80% indicates an organization kept 80% of its employees that year and lost 20%.
Turnover, why do employees call out, why do employees quit, absenteeism, Employee Retention, engagement
Blog post by Jason Lee, CEO of DailyPay, Inc.
uber, cleaning, Employee Engagement, Employee Retention, HR, hr trends, industry
Uber is a pioneer in recruitment and labor management. In a few short years, they’ve been able to recruit 450,000 drivers in the United States alone, most of whom likely never considered driving a taxi for a living. When you take a look at Uber’s highly tactical recruiting strategy, one element stands out — PAY.[...]
employee attrition, Payroll, payroll costs, Employee Engagement, Employee Retention, payroll schedules
Payroll schedules need to toe the line between appeasing employees and doing what’s right for your company’s bottom line.
employee attrition, high turnover, reducing turnover rate, turnover rate, why do people quit, cost savings, Employee Retention
Businesses regularly aim for a 10% benchmark when it comes to employee turnover rates. Unfortunately, that figure is not always obtainable. In fact, sometimes turnover has to do with conditions beyond an employer's control - certain industries are inherently subject to high turnover rates. This means employers in[...]
reducing turnover, unemployment rate, Employee Retention, how to reduce turnover, labor market, Recruiting
The unemployment rate in the United States was at 4.5% in March 2017. This is the lowest it has been since Jan 1, 2001, according to historic data documented by the Bureau of Labor Statistics. During the same month, the BLS measured the labor force participation rate at 63.0%. This indicates the majority of[...]