10 Essential HR Skills to Thrive in the Next Decade and Beyond
In 2020 HR will have to take on a more strategic role, deploying new practices that not only embrace change but leverage on them to get the best return-on-investment in people. In a decade of rapid change, these are 10 crucial skills that allow HR leaders to steer businesses to the forefront of the competition.
How to Attract and Retain Millennial Talents in 2020
By 2025, millennials will make up more than 3/4 of the workforce. It is more important than ever to understand the millennial employee. Based on the latest insights generated from the EngageRocket’s 2020 Employee Engagement Benchmark, we are creating a fuller picture to understand how to best attract, retain and engage Millennials.
Build vs Buy: Why Investing in Employee Engagement SaaS is a Good Idea
What is the Build vs. Buy Debate in Employee Engagement All About? Companies have the option of building business software from scratch, using internal expertise, open-source tools, and freely available APIs. They could also choose an out-of-the-box software that’s ready to be deployed from day one.
Why Fortune 500 Companies are Redesigning Their Performance Reviews
Ultimately, many companies are moving away from the annual performance review as it creates unhealthy competition, drains time and resources from managers and employees and after all that effort, still might not even be effective or accurate.
Business owners want to seek actionable information in real-time rather than relics left over from months ago. They aim to open new lines of team communication, improve retention, and boost productivity. With these increasing needs, the time has come to take a fresh look at employee engagement survey and its frequency.
How to start a mentoring program that actually works
Many of the top companies in the world believe in the power of having a mentor at work and 70% of Fortune 500 companies actually have a mentoring program! Studies have shown over the years that, mentoring is a powerful force at the workplace in three integral ways.
How Employee Engagement Impacts Business Performance
According to Gallup, a mere 13% of employees across the globe are engaged. Let’s consider the word engaged for a moment. In this context, it means someone who is interested in their work. Someone who feels like they have a meaningful connection with their organization. And an estimated 87% of people feel the very opposite of that.
Employee engagement and business growth: Uncover best practices
Growth in revenue for the above-average Glassdoor rated companies was on average 9x larger than growth in revenue for S&P 500. The average growth in revenue for the above-average Glassdoor rated companies was 53%.
Better Quality of Patient Care Begins with Improving the Employee Engagement in Healthcare
Today, the impending shortage of skilled labor and growing demand for healthcare have confirmed that the internal structures of these organizations are in dire need of change. Naturally, a healthcare professional that works under stressful and time-sensitive environment will be easily subjected to disengagement.
Why the Strongest Organizations All Have a Shared Culture
And 5 Simple Ways You Can Make it Happen... Having a shared culture affects employees in three powerful ways – functionally, socially and emotionally. On a functional level, it gives employees clarity on their role so they can perform better in their day-to-day tasks.
The rise of Intelligent enterprises - Leveraging HR Analytics to Understand the Employee Experience Economy
To provide meaningful experiences, companies needed to understand their customers and build trusted relationships. This was achieved with the collection and analysis of the experience data. Today, the experience economy has further evolved, extending to the experiences companies create within their workplaces
Employee data: Everything you need to know about GDPR, Data Security and Privacy
The exposure of personal information and sensitive, data and the violation of privacy has affected millions of people and organisations worldwide and at a number of instanced. According to Computer Business Review, there were 945 data breaches in the first six months of 2018.
How to launch a successful employee onboarding process?
Improving the on-boarding experience is an ongoing process and needs to be measured with surveys at least across the following different milestones: Day 1 - Day 30 - Day 90 - Day 180 & Day 365. HR and hiring managers are both accountable for the success of the onboarding process.
Direct Correlation Between Attrition and Employee Engagement
The problem is that attrition is an expensive affair. It is estimated that the average cost-per-hire to fill a position is $4,129. So, if your turnover rate is at 20% and you have 100 employees, then your organization could be losing up to $82,580 to fill all those positions back.
Get a 95% participation rate on your next employee survey
As a rule of thumb 80% is considered representative of the workforce. However reliable survey participation rates depend on the size of a company. The higher the participation rate, the better. But the truth is, HR leaders spend hours and a lot of energy and resources on employee surveys to get very low participation scores at the end.
Turn Employee Feedback into Meaningful Action Plans
You have just spent weeks planning and conducting your survey… Now what? What do the results mean? Who do you communicate the results to and how do you share them? Using information derived from survey results can help your organisation improve employee experience and detect problems before they occur.
Role of A Well-Defined Strategy for Employee Retention in the Organization
Replacing an existing employee with a new one tends to cost about three times the salary of the employee. This includes managing recruitment procedure, severance, lost opportunities, lost productivity, etc. A well-defined employee retention methods will have a positive and significant impact on the turnover rate of your organization.
How To Build A Performance Management System Employees Will Love
From the military to start-ups, leaders always want to know the secret sauce to help their teams perform better. Performance management is now undergoing a transformative time. A 2017 study by Deloitte reported that 79% of leaders surveyed rated the redesign of their performance management system as a high priority.
Already, it is estimated that there are 8 million Generation Z’ers in the workforce. As the largest working generation in history thus far. HR managers will quickly realise that this generation have requirements that differ vastly to Millennials and other generations.
How To Design Learning For A Multi-Gen Workforce in Singapore
FToday’s workforce looks less and less like it used to. 95% of TAFEP’s 2014 survey said that they work in multi-generational teams, that has members aged anywhere between 18 to 70. Why such a big range, you ask? It’s all thanks to a longer life expectancy and people staying in the workforce longer. In fact, 60% of Singapore’s residents aged 60 to 64 are still working or looking for jobs.
EngageRocket is a software-as-a-service platform that helps leaders and organisations make better people decisions using real-time data. We automate employee feedback and analytics to deliver management insight that improves employee experience and performance.