Retention

As on LinkedIn Talent Blog. Recently, the Department of Labor reported that turnover is now at its highest level since 2008. And yet, many companies are doing very little to combat this problem. Why? Because a lot of executives don’t realize the tremendous cost of turnover: (e.g. 2X salary costs times losing approximately 25% of their workforce each year). And, the cost …

Understanding the Top 10 Problems Associated With Having a Strong Employer Brand There are only two long-term strategic recruiting approaches: employer brand building, and talent pipelining. Of the two options, employer brand-building is by far the most powerful. In fact, it was ranked by BCG as No. 4 highest in revenue and profit impacts among all HR programs. Almost every major corporation …

Business Impact Turnover Measures That Can Dramatically Improve Employee Retention The simplistic and broad turnover metrics used by most corporations hide the real truth about the business impacts of employee turnover. And as a result, few executives realize that the way HR currently reports turnover is probably costing every major corporation millions of dollars. For example, many firms report a …

Corporations are currently encountering the highest voluntary turnover rate in a decade. And when they have to refill the position that was vacated by an employee quitting, it now takes a record 29 days to refill that vacated position. These two statistics combined should be enough to motivate HR and business leaders to focus more resources on retention. But if …

WSJ Small Business Expert John Sullivan says that rising minimum wages can give small-business owners a chance to reassess productivity.  (Originally published in the WSJ Experts May 2, 2016 12:55 pm ET). If you’re among employers facing a higher minimum wage, instead of agonizing over rising payroll costs, consider using the wage increase as an opportunity to rethink your operations, and …

Turnover rates are reaching record levels at many firms. But many managers aren’t paying much attention to turnover because, in the corporate world, most turnover reports are barely scanned. And even when they are read, the way that most turnover numbers are presented simply don’t drive managers to act. And that’s a huge problem because the fundamental reason why you …

In my experience, the current state of employer branding is dismal. I have been developing employer branding solutions since before the advent of electricity it seems — back when it was called Employer of Choice. Since then, we have shifted to the term employer branding, but unfortunately, little else has changed for the better. In particular, I am continually shocked …

By Dr. John Sullivan TLNT August 19, 2015 Adding extraordinary benefits appears on the surface to be a generous move. I certainly support the practice, but corporate leaders need to realize that these extraordinary benefits can also, unfortunately, have many unintended negative consequences. There is a saying that “no good deed goes unpunished,” and if HR leaders do not precisely …