Executives are in a quandary. The economy is growing but the Federal Reserve is determined to reduce inflation to two percent. With US workers in short supply, it is not wise to lay off this precious resource unless your business…
Tag: employee turnover
Your corporate culture may be the No. 1 cause of employee turnover
Only 12 percent of HR respondents have a regular cultural assessment strategy for assuring their workplace culture stays on track, according to a 2021 Talent Management State of the Industry survey. This result is extraordinary because having a toxic work culture…
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Stop fretting over falling employee engagement. Go to the source.
Many organizations trying to fight falling employee engagement numbers are making a mistake. Frankly, now is not the time to deal with such matters. Instead of launching another employee engagement survey, listen to your employees’ frustrations and begin to work…
Read More Stop fretting over falling employee engagement. Go to the source.
Corporate culture drives business performance — and employee retention
There is long-standing empirical research demonstrating how corporate culture improves organizational innovation, productivity, and profit. Now, evidence is emerging that healthy organizational cultures are also the best way to beat the Great Resignation. Two weeks ago, MIT researchers uncovered that…
Read More Corporate culture drives business performance — and employee retention
How to calculate and strategically use the cost of employee turnover.
Clients and HR leaders frequently ask me how to calculate the cost of employee turnover. The cost of turnover is a critical measure to determine how effectively the workforce is aligned to the organization’s mission, values, and culture and the…
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Are you on the right — or wrong — side of history with your return-to-the-office plan?
Leaders often speak with me about the repeated delays in calling back to the office their remote employees and alternative optimum dates for their return. In fact, some organizations have rescheduled the return-to-the-office date four times. Others have recalled managers…
Read More Are you on the right — or wrong — side of history with your return-to-the-office plan?
Five New Priorities for 2022 HR budgets
One of the most difficult budgets to prepare for any company is the human resources budget. HR leaders and their executive teams need to anticipate the needs for next year for both the HR department and for leading the workforces.…
Seven Steps to Improve Employee Retention
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…
She Is Already Getting a 12% Increase! Why Offer Her More?
“She is a good candidate, but I want to bring her in at 75% of our market value. That salary will give her a 12% increase, and it saves my budget. She will take it.” “Not so fast. Our minimum…
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The Biggest Mistake Companies Make with Their Workforce
Many CEOs will tell you that their workforce is their strongest asset. They write mission statements and hang their carefully crafted values on the walls of their entrance lobbies and conference rooms. They profess their commitment to hiring the best…
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