Due to ever-increasing competition for top talent, employee retention has become a critical business concern across all major industries. As the economy continues to perform well and the unemployment rate continues to decline, business leaders, HR executives and managers need to understand the current drivers of employee turnover in order to improve the effectiveness of their retention initiatives.
Our latest Trendicators survey report, Why Do Employees Leave?, provides new, science-driven insights about why employees are seriously considering leaving their current employer in the next 12 months.
When the number of available jobs exceed job seekers, employees who aren’t happy look for employment elsewhere.
The U.S. labor market is now the strongest it has been in decades, with the ratio of unemployed Americans to open jobs now at 1.4 to 1. In July 2009, this ratio was a whopping 6.6 to 1.
A shrinking pool of qualified candidates in 2017 will drive greater reliance on recruiting from already employed candidates. As a result, HR leaders are reexamining their retention strategies.
Engage2Excel recently completed groundbreaking research on the impact of engagement on talent acquisition. Over the next few months, we’ll be releasing a series of reports and insights based on this study.
Read MoreWhen most companies think about new hires, they think about paperwork and being ready for the employee’s first day - better known as orientation. Sure, new hires will need to know about their benefits and the company safety regulations; however, we want to talk about onboarding. It goes deeper, beyond all the paperwork. And it certainly doesn’t last a single day or even a week. Onboarding is about your culture, your people and what makes your organization great. Without properly onboarding your new hires, the cost of turnover can damage your bottom line.
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