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10.DIFFERENCES RETENTION AND TURNOVER IN ORGANIZATION

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               DIFFERENCES RETENTION AND TURNOVER IN ORGANIZATION Retention and turnover can help companies understand how their employees feel about working with them. High retention and low turnover may show business leaders and managers that their hiring processes are effective and that they have high employee satisfaction. Ensuring low turnover can allow businesses to create a stable work environment for their employees and allow staff to create reliable working relationships. Monitoring retention and turnover might also help businesses save money since it's often cheaper to keep employees than to hire and train new ones. These two factors can also affect a company's ability to perform its core mission. Businesses that attract good employees with the right skill sets may deliver their products and services more effectively and gain customer support and loyalty. The ability to attract new staff can help a company innovate and expand its operations . Three Key Differenc

9. Benefits of Employee Retention for Businesses

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  Benefits of Employee Retention for Businesses Understanding employee retention risks and implementing strategies to reduce talent attrition rates is a fundamental facet of human capital management ­— and for good reason. The cost of employee turnover is incredibly high, impacting not only operational costs, but also revenue, productivity, company culture, customer experience and more. Despite the detrimental impact that high turnover can have on an organization, many companies nonetheless fail to prioritize employee retention. Those that do invest in improving it, however, see significant returns across a number of critical areas. What Is Employee Retention ? Employee retention refers to the strategies and processes an organization develops to keep its top talent and mitigate turnover risks.  Employee retention and turnover is a  leading workforce management challenge for many organizations and human resources (HR) professionals, creating significant operational costs for emp

8.NEW HUMAN RESOURES TECHNOLOGY CAN BOOST PRODUCTIVITY AND ENGAGEMENT IN BUSSINESS

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  NEW HUMAN RESOURES TECHNOLOGY CAN BOOST PRODUCTIVITY AND ENGAGEMENT IN BUSSINESS Employees are becoming increasingly demanding and expect instant answers to everything: from how much annual leave they have left to what the procedure is for reporting in sick. Managers have equally high expectations that the HR team will be able to click their fingers and instantly come up with the data they need to support business decisions and lead their team effectively. As well as one of the key tasks facing any HR team is increasing employee productivity, as more productive employees translate into a healthier bottom line. With a productive workforce, you cut time-wasting, improve communication, boost engagement and raise happiness levels across your organization – resulting in lower costs and higher profits. And there are now a host of tools out there that, when used properly, could result in higher employee product While HR are undoubtedly under pressure, the truth is that the technolog