Imagine you are running a retail chain. Some of your in-store staff stay at least a year; some do not. Can analytics distinguish what is different between those two groups? Could it potentially do that so well that first-year turnover…
Turnover
Burnout Is Sabotaging Retention
I don’t know much about the massage industry, but it occurs to me it must be riding high these days. Everywhere I look, companies are providing employees with on-site massages, or covering massage therapy in their insurance, or both. Those…
Reduce the Brain Drain of Serial Employees
The gig economy — defined by freelancers and contractors who are temporary and independent workers — is in full swing. Intuit predicts that, by 2020, 40% of American workers will be independent contractors. Today, 35% have already done work as…
How One Call Center Reduced Turnover to Zero
Recognize This! – Understanding the importance of the work and the people doing it make work matter and make work more human. With the new year often comes the opportunity for evaluation of our lives and our priorities. Many of…
Retaining Talent Is More Cost Effective Than Hiring
Most savvy businesses owners know that it’s much more cost-effective to hold onto a current customer than it is to go out and get a new customer. That’s why avoiding customer churn is such an important part of sound business…
LinkedIn’s Open Candidates: A Boon For Seekers Or Employers?
By now you’ve heard the news coming out last week’s LinkedIn Talent Connect where LI announced a new feature called “Open Candidates.” Here’s how LinkedIn explains Open Candidates: Open Candidates is a new feature that makes it easier to connect…
Turnover’s Silver Lining
Employee turnover is higher than ever. In fact, a May 2016 report from Gallup estimates that turnover from millennials alone costs the U.S. economy $30.5 billion each year. Employers are struggling to control these high rates, assuming that something must…
How to Improve Performance With Better HR Metrics
The rise of data based applications has brought about a new era for the HR department. Processes developed in the 70s are now going through a transformation with tools for gathering more accurate reports based on people analytics. But what…
5 Signs That Point to An Employee About to Quit
Every employer knows that recruiting the best and brightest is tough. What’s even tougher is having to replace them. One of the best ways to retain employees is by recognizing early warning signs. If you can mitigate problems and pain…
The 4 Metrics You Must Track (And What to Do With Them)
Historically, human resources hasn’t exactly been high on the list of departments that make use of metrics. But in an age where we have more access to data than ever, there’s no reason it should stay that way. If we…
Use Your Turnover to Know If You Have a Problem
High employee turnover hurts the business bottom line. It’s estimated that the average cost of a lost employee is 38% of the employee’s annual salary. Considering the average income in the U.S. is $50 000 a year, that’s a $19,000…
Here’s Why Good Employees Leave
Editor’s Note: It’s an annual tradition for TLNT to count down the most popular posts of the previous 12 months. We’re reposting each of the top 25 articles between now and January 2nd. This is No. 10 of 2016. You…
Something You Should Know: 65% of Your Workforce Is Looking For a New Job
Why are 65 percent of employees actively looking for a new job? That is not a typo. We asked our customers and our readers three (3) questions: Do you hate your job? If so – why? And, are you looking…
How Frequent Turnover in Top Leadership Can Turn an Organization Toxic
A few months ago Amtrak faced the worst train accident to ever hit the northeast corridor. Though still under NTSB investigation – it is likely that no one single issue caused the crash. It was a sequence of events that…
What Was Management Thinking? The High Cost of Employee Turnover
An article from Forbes made the rounds last summer with some pretty startling statistics: The average raise an employee can expect is 3 percent, but given the cost of inflation, it actually amounts to more like 1 percent in additional…
The Millennial Turnover Myth: Why Young Talent Really Decides to Leave
My company is obsessed with Millennials, and for good reason. The traditional old guard of global industry is rapidly changing – and the youngest ranges of the workforce are primarily responsible for the disruption. With the average lifespan of an…
Hiring Wisdom: Yes, There Really IS a Good Side of Turnover
The goal is not to eliminate turnover, but to manage it. Not all turnover is bad. Without turnover, an organization will stagnate. The challenge is to determine where and what level of turnover will ensure consistency, while also promoting growth…
Will You Be Able to Keep Your Workers From Walking Out the Door?
You made all the right moves the last few years, difficult as they may have been. You took a firm hold of the leadership mantle, turned a discerning eye to your business and streamlined operations to ensure your organization would…
How Employee Turnover Can be a Source of Long-Term Strength
Departing staffers can become a source of new networks and competitive intelligence. Given the effort and expense in recruiting, identifying and hiring talent, organizations want to retain their employees at all costs. But in the increasingly mobile labor market, companies…
10 Tips For Reducing Employee Turnover
Editor’s note: TLNT is continuing an annual tradition by counting down the most popular posts of the year. This is No. 25. Our regular content will return next Monday. Many people agree turnover is a growing issue, particularly as hiring picks up. But what…