The Human Resources Roundup
Stay up-to-date on human resources news and legal updates, plus gain valuable tools and insights to develop your business by growing your people.
Popular Management Posts
The hidden costs of employee turnover
Employee turnover is more than just a revolving door of people. It’s a silent drain on a company’s resources, affecting everything from productivity to company culture. In this comprehensive blog post, we’ll delve into the true costs of employee turnover and explore how HR consultants can play a pivotal role in mitigating these losses.
Unlocking Productivity: The Power of Summer Fridays
A “Summer Fridays” policy can be a valuable addition to a company’s benefits package, offering several advantages that contribute to employee satisfaction, productivity, and overall organizational success.
Boosting Employee Retention: The Power of Voluntary Employee Benefits
Retaining top talent has become a significant challenge for companies across industries. To address this issue, many forward-thinking organizations are turning to voluntary employee benefits as a strategic tool for enhancing employee satisfaction, engagement, and ultimately, retention.
‘Independence’ as a benefit
In today's competitive job market, employees are looking for more than just a good salary and benefits. They also want a flexible work schedule that allows them to balance their work and personal lives.
As an employer, offering flexible work schedules can be a great way to attract and retain top talent.
How costly is employee turnover?
Employee turnover can be a costly issue for companies, both in terms of direct expenses and the impact on productivity and morale. To better understand the financial impact of turnover, companies can use the following steps to calculate the cost of employee turnover:
4 HR Tips For Hospitality Businesses Post-Covid-19
The hospitality industry, which includes restaurants, bars, and hotels, has always faced challenges attracting and retaining talent. Low wages, high physical demands, schedule inflexibility, and difficult customers are some of the factors that contribute to high employee turnover rates in this sector. According to the Bureau of Labor Statistics, the hospitality industry had a 78.9% turnover rate in 2019, well above the average of 44.3% for all industries.
Stay Interviews Can Help You Retain Talent
Employee retention is one of the biggest challenges facing organizations today. According to a recent survey by Gallup, 51% of U.S. workers are either actively looking for a new job or watching for openings. The cost of turnover can be significant, both in terms of lost productivity, knowledge, and customer relationships, as well as the time and money spent on hiring and training new employees.
One noteworthy trend has taken shape with employee benefits becoming a more prominent selling point in job advertisements. Recent analysis by Indeed.com reveals an impressive rise in mentions of perks, soaring by over 50%, on the employment platform.