Employees quit at an alarming rate nowadays. But turnover doesn’t have to be all gloom and doom in the HR world. The hard fact: The national quit rate is at about 3%, which is in line with an all-time high, according to the U.S. Labor Department. The easier truth: You – and your front-line managers […]
Can HR stay ahead of turnover in 2022? It’ll likely be a tall task, but if you’re proactive, you can do it. More than half of employers think turnover will get worse this year, according to research from Korn Ferry. They think it’ll be worse than it was in 2021 – the year of The […]
If you knew which employees were thinking about quitting, you might be able to curb turnover. And then you’d be “The Great Retainer” in midst of the The Great Resignation. Now’s the time to get better at identifying employees at risk of leaving. “The world of work has been in a constant state of motion,” […]
Now could be the most important time ever to calculate your turnover rate. When you understand your turnover rate, you’ll be better equipped to find out who’s leaving, and more importantly, why. Then you can take steps to prevent turnover and the costs associated with it. In here, we’ll help you calculate your turnover rate […]
The coronavirus pandemic hit a lot of employers and employees hard – but studies have found women workers are disproportionately negatively impacted. Between service job layoffs and the absence of many child care options, about two million women have been driven out of the workforce to stay home with the kids, according to the Bureau […]
If you were hoping staffing issues will disappear with the new year, you’re going to be disappointed. According to a new study done by GoodFirms, retention issues are likely going to continue into 2022 as The Great Resignation rages on. This is because the pandemic has many people reexamining their priorities. Things like recognition, flexibility […]
Over the past several months, American employees have been resigning in record-high droves for what economists have aptly titled The Great Resignation. According to the Bureau of Labor Statistics, around 11.5 million workers resigned from their jobs between April and June 2021 and this number has only continued to grow. With issues such as limited […]
No matter how or when you lay off employees, the workers are going to be, understandably, upset. While it’s not an easy thing to do, there are definitely ways you should never conduct layoffs — and one CEO is making headlines for his big “blunder.” CEO of Better.com, Vishal Garg, recently laid off 900 people […]
When employee turnover is high, numerous issues arise. In 2019, it has cost US industries $630 billion through impaired productivity, higher operational costs, and lower employee morale. If we also consider the fact that 51% of employees are actively looking for a new position at any given time, it becomes vital to raise our awareness […]
