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Executives are spending more time investing in the career development of employees. Why? They want to retain their talent. This is smart thinking as the cost of retention is less expensive than recruiting in today’s tight talent economy. Now is the time to put in place excellent retention practices. Recruiting is the number one concern… Read More
Concern over employee retention has increased sharply in the US — where unemployment is now below 4% — but, also, around the world. A 2017 study by Towers Watson uncovered that more than 50% of all organizations globally struggle to retain their most valuable employees.[i] More than 80% of HR leaders believe improving retention is… Read More
Two compensation issues are giving workforce leaders fits at the beginning of 2018. The first is the continued small budgets for pay increases which causes challenges for retaining your best workers in a tight labor market. The second is gender pay equity laws being enacted in many cities and states. Salary increase predictions from… Read More
The top strategies to improve retention will probably astonish you. More and more companies are struggling with employee retention in the face of an eight-year recovery, low unemployment, and labor shortages. Human Resources can drive company value by implementing retention strategies. First, understand that employee retention requires a talent mindset and takes a comprehensive approach.… Read More
Companies operating in the United States face a tight labor market. Having strategies in place to retain employees is vital. If you believe you can provide a counter offer to an employee on the day she or he presents you with a resignation letter, that is a big mistake. It is already too late! Research… Read More
