Recruiting Daily

JANUARY 18, 2022

Conversely, organizations with good culture and supportive employee treatment did well in employee retention. Here are the most important reasons why employers must focus on employee retention: Losing the top performers means the organization is losing critical knowledge and skills. Offer Competitive Compensation Packages .

Retention 92

Retention Strategy Compensation Social Media 92

Achievers - Recruiting

MARCH 4, 2020

We’ve all faced retention struggles : turnover, absenteeism, low morale and sluggish productivity. But if you already offer competitive compensation, what else can you do to make employees want to stay? Here are the most effective employee retention best practices that reinforce productive behaviors and deepen job satisfaction.

Retention 94

Retention Exercises Healthcare Tools 94

Recruiting Daily

JUNE 14, 2024

For TA and recruiting, the Nurse.com 2024 Nurse Salary and Work-Life Report provides invaluable insights into the current landscape of nurse compensation, benefits, and workplace dynamics. 40% of nurses who earned certification reported a salary increase. to $117,300, possibly due to a younger respondent pool.

Talent Acquisition 104

Talent Acquisition Compensation Education Survey 104

Linkedin Talent Blog

APRIL 18, 2023

There are three things that should matter most to hiring professionals right now — retention, retention, retention. Attitudes about employee retention can vary depending on the industry and the whims of the job market. Here are five common misconceptions about employee retention.

Retention 49

Retention Compensation Study Survey 49

PowerToFly

AUGUST 12, 2024

Businesses need to understand not just why employee retention is important, but also tailor their strategy accordingly. If you’re reading this blog, chances are good you have some inkling of why a better retention strategy is topping a lot of ‘to-do’ lists these days. Have you ever done the math on the expense of replacing an employee?

Retention 31

Retention Culture Training Strategy 31

Slayton Search Partners

MAY 30, 2023

Now more than ever, retail leaders must adapt their recruitment and retention strategies accordingly to stabilize their workforce and access the talent they need to thrive. Talent Retention Issues Persist Attrition, much like labor shortages, is an issue facing the retail sector at all levels.

Retail 52

Retail Retention Strategy Fashion 52

Professional Alternatives

MARCH 18, 2021

Employee retention simply refers to how many employees actually stay under your employment. If you employ a hundred people and five of them leave, this means that your turnover rate is 5% which is 5/100 while your retention rate is 95% which is 95/100. Different Ways to Enhance Employee Retention Rate. .

Retention 52

Retention Compensation Reference Training 52

Achievers - Recruiting

JANUARY 7, 2020

Compensation as a motivator. Companies spend thousands of hours crunching numbers, running reports, assessing cost of living, and determining what salaries are required to win the necessary talent they need for the future. Does compensation align your employees to your company’s mission and values?

Compensation 61

Compensation Retention Culture Sports 61

Zengig

SEPTEMBER 22, 2023

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.

Compensation 52

Compensation Benefits Insurance Insurance 52

Team Software

MARCH 5, 2024

The current job market has left many employers wondering how to increase employee retention. That fact means many employers are chiefly concerned with staff retention and employee turnover-related issues, since better retention of existing employees takes the pressure off constantly hiring and training new talent.

Retention 26

Retention How To eBook Transportation 26

HRsoft

AUGUST 27, 2018

Compensation planning is an essential element of any successful business. Making strategic pay decisions can help to support an engaged workforce, as compensation is an important factor in employee satisfaction. To streamline their compensation management activities, many companies have implemented compensation software.

Compensation 53

Compensation Software Talent Acquisition System 53

Ongig

JANUARY 20, 2021

Netflix’s first-ever inclusion report was released on January 13th. Like similar reports, it includes diversity and inclusion data. The inclusion report, published by Vern? ” You can watch it here: Now on to the 7 takeaways from this unique diversity and inclusion report: 1.Hire almost half of Netflix’s U.S.

Report 83

Report Diversity Compensation Policies 83

HRsoft

MARCH 21, 2019

A quick search for “compensation definition” tells us that this important aspect of business refers to the “direct and indirect benefits that a worker receives from an employer.” Yet, compensation meanings can be different from one organization to the next. How should compensation be defined in your company?

Compensation 55

Compensation Education Reference Retention 55

Gecko Recruiting

NOVEMBER 13, 2024

Fighting Retention Struggles with Tech Before you write off hospitality technology as an unnecessary expense or ethical dilemma, consider the labor shortages facing the industry. Poor compensation, workplace stress, and inflexible (often irregular) hours have both frontline workers and managers feeling pushed to the brink.

Industry 72

Industry Hotels Retention Compensation 72

ApplicantStack

FEBRUARY 2, 2024

Allow employees to be heard by management on concerns of compensation. Review and establish fair and equitable compensation packages for every position so pay is reflective of the job requirements rather than subjective criteria. A tool like ApplicantStack produces detailed reports that give your company valuable data.

Talent Acquisition 68

Talent Acquisition ApplicantStack Retention Compensation 68

Hireology

NOVEMBER 11, 2020

October’s Bureau of Labor Statistics jobs report showed once again that we are slowly but surely on the rebound from the first wave of COVID-19. Even during times of record high unemployment, companies experience retention challenges, and business impacts can be severe.

Report 148

Report Hiring Automotive Healthcare 148

ExactHire Recruiting

DECEMBER 16, 2013

From the beginning, effective communication about goals, culture and environment with your new team member helps ensure a true collaborative environment in which your new team member is motivated to commit to a productive tenure and reward your employee retention efforts. More than 40% of jobs in the United States fall into this category.

Retention 156

Retention Assessment Financial Compensation 156

Linkedin Talent Blog

MAY 22, 2022

But there are plenty of other reasons why retention matters. High employee retention means that teams are stable, passionate, and qualified. High employee retention means that teams are stable, passionate, and qualified. We’ve come up with 30 high-impact steps that you can take to improve your retention.

Retention 49

Retention ATS Compensation Onboarding 49

Social Talent

FEBRUARY 14, 2017

Employee retention is one of the key aspects to a company’s success. Compensation. All of these steps will help you achieve the employee retention goals so stay tuned for Employee Retention Strategies You Can Start Today Part 2! Stability. Health benefits. Work-life balance.

Retention 132

Retention Strategy Construction Education 132

Homebase

JUNE 9, 2024

Hourly employee pulse check May 2024 Employee optimism holds steady 36% of employees surveyed reported optimism about their job prospects in a year, as steady wage increases and business at existing employers buoys expectations about the coming months. 24); N = 3214 (May ‘24) View a PDF of our full May 2024 Main Street Health Report. .”

Small Business 40

Small Business Report Hiring Survey 40

NPA Worldwide

AUGUST 26, 2021

With nearly 10 million unfilled jobs in the US, a record number of employers are reporting a talent shortage. When you hire people, be sure they are a good cultural fit, which is a key component to employee retention. Today’s workers want more than just a paycheck, they want to make a difference.

Retention 167

Retention Healthcare Compensation Benefits 167

Indeed

FEBRUARY 26, 2019

But fi nding a happy medium between what job seekers want and what employers want to pay is vital to both talent attraction and retention. These numbers are virtually identical to last year , when 19% of respondents reported being “comfortable” and 60% said they needed a $6,000 boost.

Report 91

Report Survey Compensation Benefits 91

Hireserve

AUGUST 30, 2024

While internal recruitment can significantly cut costs and result in time-savings, that doesn’t mean corners should be cut when it comes to offering competitive compensation or benefits. This means a full job description, seniority, who they’d be reporting to, the interview process, as well as being transparent about salary.

Reference 78

Reference Retention Culture Job Descriptions 78

The Staffing Stream

NOVEMBER 13, 2019

Finding out what factors employees are motivated by can help you radically improve the employee experience and even boost retention. Compensation in line with expectations. Compensation in line with expectations. And it’s not just salary, it’s total compensation. What do workers really want? Recognition for your work.

Report 76

Report Compensation Survey Retention 76

Hireology

JULY 15, 2021

The June Bureau of Labor Statistics Jobs Report had some promising details, like 850,000 jobs added to the economy — the biggest gain we’ve seen in the last ten months — and a quarter of the new jobs added were in restaurants and bars, a promising sign of continued economic resurgence. . But, we’re here to tell you — it’s not.

Report 78

Report Hiring Guidelines Social Media 78

HRsoft

JUNE 21, 2018

A solid compensation management system should go beyond just checking the boxes by paying people fairly. By optimizing your approach to compensation, you can go beyond pay and spur continuous improvement across your organization. Gallup reports that a whopping 87% of employees are not engaged at work across the globe.

Compensation 49

Compensation System Retention Software 49

Recruiting Daily

OCTOBER 20, 2022

However, recruitment and retention difficulties will not disappear as the unemployment rate is only projected to rise to around 4.5% Companies will need to prepare for continued labor shortages and further improve their sourcing and retention strategies to remain competitive.” in 2023 and labor supply remains challenged.

Engineering 92

Engineering Apparel Automotive Compensation 92

Recruiting Daily

JANUARY 26, 2023

It also extends legal protection in case of litigation and justifies compensation and hiring decisions. According to the Job Seeker Nation Report 2022 , 27% of respondents say that deceiving job descriptions is among the most frustrating aspects of finding a job. to 2x the employee’s annual salary.

Job Descriptions 99

Job Descriptions Compensation Retention Assessment 99

Achievers - Recruiting

SEPTEMBER 12, 2024

Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. By analyzing turnover rates, organizations can proactively address underlying issues and improve employee satisfaction and retention for the long term.

Retention 53

Retention Compensation Financial Retail 53

Acara Solutions

DECEMBER 13, 2021

So what are the underlying causes of wage compression, how can it be rectified, and what can be done to formulate a fair compensation strategy for all employees? In some instances, pay compression can occur when direct reports earn salaries that are equal to their manager! The Secret to Securing Top Talent. What is wage compression?

Compensation 89

Compensation Talent Acquisition Retention Report 89

Workable

FEBRUARY 17, 2023

Fostering a positive environment that supports team members as people instead of human capital is important, and in many instances, those initiatives are actually part of a compensation strategy, but a generous compensation package is a surefire way to catch the attention of quality candidates and establish loyalty with high-performing employees.

Compensation 118

Compensation Insurance Insurance Financial 118

Workable

SEPTEMBER 5, 2023

survey report – spotlight clear transformations in what employees now value most. survey report contains a wealth of data revealing how employee priorities have changed since 2021. survey report contains a wealth of data revealing how employee priorities have changed since 2021. What do workers want now? Our Great Discontent 2.0

Compensation 62

Compensation Survey Report Data 62

The Staffing Stream

MARCH 27, 2023

Pay transparency — the practice of making employee compensation figures visible to others, either internally, externally or both — is happening more than ever; in fact, laws are continuously being created to break the barriers of salary inequity. Being transparent about pay will show that you offer competitive compensation.

Sourcing 81

Sourcing Compensation Job Descriptions Retention 81

Workable

NOVEMBER 27, 2023

survey report contains a wealth of data revealing how employee priorities in the UK have changed since 2021. View the report highlights As an employer looking to attract and – more importantly – retain talent, Workable’s Great Discontent survey report for 2023 for the UK should provide you with a sharper north star going forward.

Compensation 62

Compensation Culture Survey Data 62

Recruiter Flow

SEPTEMBER 18, 2024

Focus on client retention Retaining existing clients is more cost-effective than acquiring new ones. A good retention rate to aim for is 80%. A well-rounded recruitment strategy not only helps attract top talent but also ensures long-term success in placement and retention. What’s a good client retention rate?

Retention 52

Retention CRM Compensation Training 52

Slayton Search Partners

JANUARY 25, 2023

Of the professionals Slayton surveyed—most of whom were senior-level leaders and managers—72% reported they were seriously considering a job change in 2023. Previous data from Qualtrics was also indicative of this trend, reporting that 53% of directors and managers and 51% of executives planned on searching for a new role back in 2022.

Compensation 52

Compensation Survey Retention Trends 52

The Jacobson Group

MAY 10, 2022

With reports wage growth isn’t keeping pace with rising inflation, we’re continuing to see many clients rethink their compensation and overall retention strategies. For more on comprehensive retention strategies, view our latest white paper: Retaining Top Talent in Today’s Competitive Labor Market. for the overall U.S.

Groups 52

Groups Insurance Insurance Retention 52