5 Reasons Your Retention Rate Is So Low
With the unemployment rate hovering at an historic low of 4.1% and the department of labor reporting average job tenure declining, retaining the employees you have is much more important now than it was a
The Millennial Turnover Problem in the Financial Services Industry
The phrase "churn and burn" is commonly used to describe an industry's high turnover rate. Based on recent data, it's appropriate to use that phrase when describing the financial services industry. According to a Compdata
Does Diversity Reduce Employee Turnover?
We’ve made some enormous progress in the last few years when it comes to the importance of diversity in the workplace. Despite ongoing problems some industries (such as the tech industry) have in successfully creating
How Small Businesses Can Solve Challenge of Low Employee Retention
Every employee plays a significant role in the growth of your business. Qualified employees impart their skills and abilities in their positions for sustainable productivity and positive results. However, when they leave, the process of
Do You Want to Retain Your Employees? Then Stop the Behavior Employees Hate the Most
High turnover rates can kill enthusiasm, productivity and ultimately your bottom line. Although there are many potential causes, poor management is one of the top reasons behind employee dissatisfaction and resignation. So, what types of
Keeping Millennial Workers: How to Improve Employee Retention
Millennials: the dominant generation in the U.S. workforce, according to various labor reports, may have a slightly tainted reputation for not staying at any one particular job for a very long period. The constant turnover
6 Ways to Prevent Employee Turnover in Your Small Business
A small business does need to run smoothly and efficiently in order to be successful. One thing that can undermine the operation of a small business is employee turnover. When an employee abruptly quits, the
When Numbers Fall: 4 Negative Effects of Employee Turnover
The role played by employees in an organisation cannot be overemphasized; employees are the backbone of any business’s success. The quality of an organisation’s workforce determines the overall performance of such organisation; performance in the
How Does Mentoring Impact Employee Retention?
Employee turnover is fast becoming a challenge for organizations around the world. In a report provided by the Hay Group, the turnover rate for the time period of 2013 to 2018 is anticipated to be
Correlating HR Consumerization and Minimizing Turnover
In the realm of marketing, companies have worked hard to define their culture and are always creating experiences for their customers and prospects. They seek to woo them with delight, increase loyalty and inevitably grow