Turnover and attrition are two critical human resources metrics that measure employee departures. While often used interchangeably, they have distinct meanings and implications for organizations. In this blog post, we will examine the differences between turnover vs attrition and explore their impact on organizational dynamics, employee retention strategies, and overall workplace stability. Let’s get started! […]
Employee retention rate is a critical metric that determines the overall health and success of any organization. High turnover rates can lead to significant financial losses, decreased productivity, and a decline in company culture. Understanding and calculating employee retention rate is crucial for identifying top performers and potential issues, and implementing effective retention strategies. In […]
SHRM found that losing employees cost you three to four times their salary. Losing employees can cost you anywhere from 50% to 200% of the employee’s annual salary once you take into account recruitment, onboarding, and training costs as well as lost productivity during this period. In this article, we’ll show you how to build […]
Do you ever feel like you’re spending more time wrestling with spreadsheets than shaping your company’s future? Employee data is crucial, but it can quickly become an overwhelming tide if you lack the tools to analyze and interpret it. Imagine being able to transform that data into a clear picture of your workforce – identifying […]
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Today, talent is no longer just a cost centre; it’s a strategic asset. But how do you unlock the full potential of your workforce and ensure you’re making data-driven business decisions to optimize your human capital? Enter workforce analytics – a powerful approach that transforms raw employee data into actionable insights, fueling smarter talent management […]
It’s crunch time. David, the CEO, needs a quick picture of employee performance before a crucial investor meeting. Sarah, the HR director, scrambles to pull together reports from multiple systems – headcount by department from the HRIS, performance review data for the year, recent survey results from a third-party tool, and even paper exit interview […]
According to Gallup, 1 in 2 employees are open to leaving their organization if given the opportunity. Although you cannot control organic reasons for leaving, like retirement, you can always do something about employees choosing to leave your organization with the right retention strategies. But first, you need to understand what employee attrition is and […]
3 to 4 million employees quit every month in the United States. Though this number will change based on what industry you’re looking at, employee turnover is at a general all-time high, gradually increasing by the year. Interestingly, studies also show that 94% of employees embrace learning opportunities and say that flexibility is the number […]
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