Articles tagged 'retention'

HR Management, Talent Management

5 More Ways to Tell If an Employee Is Looking to Leave

123RF Stock Photo

Second of two parts

As I noted yesterday (in 5 Ways to Identify an Employee Who Is Ready to Quit), employee turnover is always an important issue, but most managers are unaware of the fact that overall, turnover rates went up 45 percent last year.

I’m predicting that they will go up at least 50 percent this year, so individual managers should be aware of the precursors or warning signs that can indicate that an employee is considering looking for a job so they can act before it’s too late.

If you approach the problem systematically, you can successfully identify which individual employees are likely to quit with an accuracy rate of over 80 percent.

Yesterday, I listed the Top 5 ways to tell if an employee may be getting ready to leave. Here are five more: Read more…

HR Management, Talent Management

5 Ways to Identify an Employee Who Is Ready to Quit

Employee-Retention

First of two parts

There are few things that are more shocking to a manager then to have one of their top-performing employees suddenly quit on them.

Some managers have described it as the equivalent to a “kick in the gut.” It is a shock not only because losing a key employee will damage your business results, but also because managers hate surprises, and as a result, they frequently wonder how they missed the signals that this person was going to leave.

Employee turnover is always an important issue, but most managers are unaware of the fact that overall, turnover rates went up 45 percent last year. Read more…

Talent Management

The Path to Success: 8 Little Secrets to Getting Promoted

Job promotion

It’s never too early to carve out your path to success.

Start to think, act, and communicate like a leader to get the promotion you ultimately want. Even if you’re still several levels away from your dream promotion, there are numerous ways you can get on the path of your dreams, claims Amy Gallo.

In her Harvard Business Review article, she provides tips for doing just that. Read more…

Recruiting and Staffing

Hiring Wisdom: Make Sure You Don’t Let the Great Ones Get Away

From istockphoto.com

Unemployment is coming down and, even if it weren’t, great employees always have their choice of employers.

Case in point: I got some great service at a restaurant in the Indianapolis airport the other day. Molly was over the top.

I took a moment to ask her if she liked working at the airport. She told me she had moved to town three weeks earlier and had started the job just a week ago. Read more…

Benefits, HR News & Trends

Weekly Wrap: More Evidence of Why You Should Worry About Retention

© giz - Fotolia.com

Here’s some shocking news: employees aren’t terribly satisfied with their jobs, their employers, their growth opportunities under their current employers, or the way their organizations recognizes people for doing good work.

That just about cover it, doesn’t it?

I know what you’re thinking: what’s so surprising about all of this, anyway? What is it hat I don’t know already? Read more…

Rewards & Recognition, Talent Management

Hiring Wisdom: One Way to Help Retain Employees After a Vacation

From istockphoto.com

A recent Monster.com survey finds that 70 percent of employees say they are more likely to look for another job after they return to work from a vacation.

So, how can we head this propensity off at the pass? (Eliminating vacations sure isn’t going to fly.)

How about asking managers to do a retention/stay interview the week a STAR employee returns from vacation? Read more…

HR Insights, HR News & Trends

Employees Are Leaving Because They Don’t Know of In-House Opportunities

© mybaitshop - Fotolia.com

With the rate of voluntary quits in the U.S. approaching pre-recession levels — 22.8 percent in 2013 — it’s no surprise that in a survey last year, HR professionals and talent acquisition leaders identified retention and its twin “internal mobility” as one of the five top trends.

Nearly 40 percent of the 553 U.S. recruiting leaders who took part in LinkedIn’s global recruiting survey last year said they are increasing their internal hiring volume. Globally, the percentage was even higher.

“Internal candidates are typically higher quality; plus their skills, performance, and cultural fit are known,” LinkedIn’s Leela Srinivasan told SHRM in a report the society did on the survey. The report observed that 51 percent of the talent leaders acknowledged a “need to increase candidate awareness of relevant in-house opportunities.” Read more…

HR Insights, HR News & Trends

Comp Study Says Companies Are Expecting Good Things in 2014

Illustration by istockphoto.com

PayScale has just released its 2014 Compensation Best Practices Report, and I was asked to take a look because (full disclosure) PayScale is a client.

Regardless, I was happy to check the report out seeing as (1) the graphics are pretty; and, (2) it’s crammed full of useful information about business trends.

The report contains input from 4,738 professionals, including 1033 CFOs, and some of the data surprised me. Such as: Read more…

HR Management, Talent Management

Why HR Needs to Start Worrying About Retention Again

123RF Stock Photo

Yes, 2014 will be the year retention returns to HR.

Retention almost died during the Great Recession. For almost 10 years, HR pros were able to roam the halls of their organization and almost never had to worry about the issue of retention.

There weren’t many jobs. Most people in times of hardship, hunker down and don’t move. It was like a perfect retention storm! Read more…

Best of TLNT

4 Things You Can Do Right Now to Help Keep Your Best Employees

Illustration by istockphoto.com

Editor’s note: TLNT is continuing an annual tradition by counting down the most popular posts of the year. This is No. 12. Our regular content will return on Monday.

The first quarter of the calendar year is the best time to consider employee retention efforts.

Everyone is back from their holiday vacations, and work is in full swing. Your employees have had a little time off, and during that time your best employees have been assessing their careers, work, health/family issues and planning ahead. Read more…