Do you work in an organization where increasing an employee’s pay for retention purposes isn’t a realistic option? Whenever you hire someone who is driven by money, you are setting yourself up for future turnover failure. Money-focused hires are likely to immediately quit when they are offered even slightly more …
Read More »Tag Archives: Retention and Engagement
You Can’t Calculate Employer Branding’s ROI if You Omit Its Negative Impacts
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 …
Read More »How Using a Single Broad Turnover Measure Can Cost Your Corporation Million$
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 …
Read More »Opposition Research Provides A Competitive Advantage In Recruiting And Retention
The centuries old adage “knowledge is power” is still true today. And anyone who has ever fought an intense battle in the military, in politics, or over corporate products, knows that you improve your chances of beating your opposition when you have detailed information about what your competitor is currently doing …
Read More »Predicting Which New Hires Will Quit — a Checklist for Spotting Early ‘Flight Risks’
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 …
Read More »Develop A Process For Limiting Early New-Hire Turnover
Early new-hire turnover is one of the most frustrating (40 percent of new hires leave within six months) and expensive (the cost of losing a new hire is at least three times their salary) aspects of recruiting. Yes, it’s true that all forms of turnover are now a major business …
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