As a manager or business owner, you probably hear of the importance of employee 'engagement' quite often. While this might sound good, what exactly does that look like and how can you foster it?
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Topics: HR best practices, employee turnover, company culture, employee engagement, management practices
Keeping business costs down is a primary function of management in any organization. But some costs are not easily recognized, such as employee turnover, and these costs can hurt a business that isn't actively managing them.
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Topics: employee onboarding, employee turnover, employee engagement, management practices, business development
While it is a fact of business life that employees leave and new hires are needed when businesses grow, it is still far more cost-effective to retain good employees than to bring on new hires.
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Topics: recruiting and hiring, new hire, employee turnover, company culture, employee engagement
Business owners are always striving to keep costs down while looking to generate greater profits. But one of the areas of cost that is often miscalculated is the cost of employee turnover. And it is greater than you think.
According to work management company Wrike, employee turnover is costing U.S. companies over $160 billion a year. And Harvard Business Review notes that high performing employees can deliver up to 400 percent more than the average co-worker. Consequently, the loss of a high performing worker can vastly increase the costs that result from their departure.
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Topics: HR best practices, recruiting and hiring, employee onboarding, employee turnover, workforce management
Every business must recruit and hire employees, especially when that business is growing. Because hiring employees is such a major investment and risk, smart employers are always looking to improve their approach.
Hiring new employees is a critical part of being a business leader, and it involves much more than simply looking over resumes and conducting interviews. The truth is that hiring good employees can make or break your business.
Recruiting new hires involves risk management, as well, since the investment in time, resources and money can be quite high with each new employee hired. In addition, you have to manage the expectations of the candidates along with that of management and even the prospective employee’s co-workers.
Unfortunately, there are many mistakes and oversights that employers can make that could deter good candidates, or lead to poor hires.
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Topics: recruiting and hiring, hiring trends, new hire, employee turnover, workforce management