Tag Archives: Turnover

The #1 CEO challenge is retention, but few know how many likely quits were identified and prevented.

The professor of management at San Francisco State University recommends what he calls “stay” interviews, in which managers periodically sit down with top-performing employees and ask key questions to suss out the fundamental reasons why they like their jobs.

Trauma from COVID-19, travel bans, broken supply chains, and new TA tech will all contribute to upcoming recruiting cutbacks. So don’t wait, ask “What have I done to increase my value and job security?” I’m not trying to be alarmist; strategic recruiting leaders always plan for the inevitable up-and-down cycles of recruiting. I am suggesting that now may be the …

WEBINAR SNAPSHOT: You’ll learn the negative business impacts that occur as a result of employee turnover and how to get managers to take action identifying the factors that show that an individual team member is likely to leave—and how to use simple and intuitive tools to easily reduce their turnover rates to manageable levels. Everyone already knows that the employee turnover …

Note: This “think piece” is designed to get you to completely rethink your approach to retention. Turnover rates are the highest in a decade and your retention numbers aren’t likely to improve until you shift to a data-driven retention approach. This article will explain using numbers why so many firms that rely on intuitive decision-making are failing miserably at curbing …

Almost everyone in talent management agrees that managers don’t place enough emphasis on employee retention, despite the fact that retention is often ranked as the No. 1 people-management problem. In fact, according to a recent PayScale survey, “63 percent of employers consider retention a top priority” (where five years ago, only 20 percent believed retention was as important). One of …

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 …

Unfortunately, most of those who create metrics in HR and recruiting don’t really understand the strategic mindset of CEOs. And, as a result, the metrics that are reported to CEOs and the executive committee result in no positive action being taken. That is because CEOs are laser focused on the strategic goals of the organization. So, if your metrics don’t …

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 …

If you are a recruiting leader who has had doubts about the need for measuring your firm’s quality of hire or if you have had difficulty building a business case to convince others of its economic value, this is the article for you. Rather than spending a lot of time talking about the measure itself, the exclusive focus of this …