A well-defined employee retention methods will have a positive and significant impact on the turnover rate of your organization.
According to the Leigh Branham, the Strategic Planning Consultant, more than 70 percent of the managers tend to think that it is the pay that causes an employee to leave. On the contrary, about 88 percent of the employees tend to leave respective jobs not only because of pay but also other factors that may include:
- Employees often feel the workplace or job doesn’t match their expectation before joining the firm.
- A mismatch between the job and the skills held by the employee.
- Minimal coaching with no feedback for the same.
- Minimal advancement or growth opportunities.
- Employees feel devalued or unrecognized.
- Minimal work-life balance that causes stress.
- Loss of confidence or trust in the senior leaders.
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Topics:
Communication,
Culture,
Employee Engagement,
employee retention,
ER Highlights,
leaders,
Management
From the military to start-ups, leaders always want to know the secret sauce to help their teams perform better. This has driven the birth and evolution of performance management systems.
But what is a performance management system?
Why is it important?
Why do people seem to hate existing ones?
And, how can we build one that employees will love?
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Topics:
360 feedback,
Employee Engagement,
ER Highlights,
Management,
Performance Management
In an earlier post, I covered the potential of pulse survey data to unlock the secrets of employee motivation and retention. Google, Amazon, and Adidas, among others, have already reported making strides in this direction.
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Topics:
Employee Engagement,
ER Highlights,
HR analytics,
Leadership
The concept of employee engagement is nothing new -- it’s been floating around for decades. Most firms know that engaged employees stay longer, strive to work harder and produce more.
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Topics:
Appreciation,
Culture,
Employee Engagement,
ER Highlights,
Management
When it comes to creating employee engagement, 87% of organizations cited it as being one of their top priorities. An estimated 66% of companies survey their people regularly. Yet, in their 2017 global study, Gallup finds that only 15% of employees are engaged at work.
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Topics:
Culture,
Employee Engagement,
ER Highlights,
HR analytics,
Management,
Performance Management
You might find it difficult to believe, but the annual employee survey is almost a hundred years old! In the 1920s, big industrial companies began the practice of asking employees, once a year, about their job satisfaction to search for ways to improve productivity. One time a year was how frequent employee surveys were sent.
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Topics:
Employee Engagement,
employee survey,
Engagement,
ER Highlights,
HR analytics,
Management,
survey frequency
We’re all familiar with Spider-Man’s famous catchphrase: “With great power comes great responsibility.” However, his words no longer apply exclusively to the man who does whatever a spider can.
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Topics:
Employee Engagement,
employee productivity,
employee retention,
ER Highlights,
Leadership,
Management,
Performance Management,
workplace culture
Do you know that actively disengaged employees cost the U.S. between US$450 billion to US$550 billion each year in lost productivity? According to a Gallup report, they are more likely to steal from their companies, negatively influence their coworkers, miss workdays, and drive customers away. It all comes down to the lack of employee engagement.
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Topics:
Culture,
Employee Engagement,
ER Highlights,
Management,
Millennials,
motivation,
Recognition,
strategic HR,
workplace culture
For many companies, it’s that time of the year again.
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Topics:
Culture,
Employee Engagement,
ER Highlights,
HR analytics,
Management,
Millennials,
motivation,
Performance Management,
performance review,
Recognition
[This post was originally 