Employee Retention & Turnover

Factoring Employee Turnover in Your Talent Planning

Many enterprises calculate employee turnover in the same way. Typically, it is the number of employees who left divided by the average number of employees, multiplied by 100. However, not every large-scale organization uses the same strategies to reduce their annual turnover rate, boost workforce retention, and replace high-performing employees who left their business. The…

How to Ensure Employees Don’t Pay You a “Loyalty Tax”

The job market continues to prove difficult for employers, despite notable layoffs in tech. In fact, the Bureau of Labor Statistics shared noted the number of job openings inched back up again to 11 million open roles available in the United States, with employers struggling to fill positions. Candidates continue to put higher salaries at…

Employee Retention: How to Better Retain Your Workforce

Employee retention has a direct impact on your enterprise’s business performance and success in both the short and long term. That’s why leaders across your organization — not just your CEO and CEO, but also your CHRO, talent acquisition director, and departmental leaders — need to work closely with one another to keep your high-performing…

How to Keep Employees from Leaving Your Organization

Today’s young professionals feel more empowered than ever to find a job they love. That means they won’t hesitate to hop from one job to the next until they find the best fit. Technology has enabled a nonstop job search. According to the 2022 Jobvite Job Seeker Nation Report, 45% of employees surveyed are actively…

How to Recognize and Support Women in the Workplace

International Women’s Day (IWD) celebrates the achievement of women in a variety of arenas today: And yet, it’s important attention is (rightfully) paid to women throughout the year — not just a single day of the year. To do so requires a commitment of people and organizations working together to promote the advancement of women…

The Real Cost of Employee Turnover (And How to Prevent It)

The true cost of employee turnover involves much more than just recruiting-related expenses. In fact, when an employee leaves, it can cost from one-half to two times that worker’s annual salary to replace them. That’s because losing a team member includes added costs like: When you consider that voluntary attrition ranges from 12% to a whopping 60% annually…