employee retention
5 news about employee retention
Using Compensation Data to Keep Your Star Employees
Employers that prioritize talent retention should keep a close eye on compensation benchmarking because it can offer insight into less-competitive pay practices that might be encouraging employees to look for other opportunities.What Causes Employees to Decide to LeaveBoth employers and employees believe that workers need to leave their organization in order to achieve higher pay and career advancement, according to the ADP Research Institute® report, The Evolution of Work 2.0: The Me vs. We Mindset. The report explains this is…
Posted by: 22 Nov 2017 | 0 Comments
Virtual Reality to Enhance HCM
Virtual Reality in HR holds the potential to transform the future of work — from recruiting and onboarding to training, engagement and beyond. Commercially-available devices such as Oculus Rift are making virtual reality readily accessible and affordable. The number of businesses in the virtual reality space is booming, and according to estimates by Bank of America Merrill Lynch, VR will be a $150 billion industry by 2022.Virtual reality, more commonly known as VR, is the computer-generated simulation of three-dimensional images,…
Posted by: 28 Dec 2016 | 0 Comments
How to Improve Retention: 3 Strategies for an Increasingly Global Talent Market
In an increasingly global talent market, retention is only getting more difficult. Recent studies by the Society for Human Resources Management (SHRM) indicate that, for CHROs, considering how to improve retention is a key concern for 2016. Some 56 percent of HR professionals in the U.S. believe that strong competition for talent and wages is a major challenge, which should increase pressure on HR leadership to improve retention.Although technological advancements have made it easy for HR departments to expand recruitment strategies to…
Posted by: ADP 25 Jul 2016 | 0 Comments
3 Crucial Trends in Learning and Development Technology for HR
Adopting learning and development technology for HR can, at times, take a backseat as HR leadership focuses on improving recruitment, retention and engagement in a tight talent market. However, today's talent is concerned with their future development in a rapidly-changing workplace.Insights from the ADP Research Institute's® study The Evolution of Work: The Changing Nature of the Global Workforce (1) indicate that most respondents are concerned with "rapidly changing technology and globalisation," and how those factors will impact their careers. The study reports…
Posted by: ADP 10 Jun 2016 | 0 Comments
Top 10 Employee Retention Tips for 2016
Have you considered your employee retention strategy for the new year?10 Tips to Retain Top TalentPromote your company's culture. Employees who feel a strong attachment to their company's culture and values tend to be more loyal and engaged. Ask yourself if your values are clearly communicated to your employees (both at the time of hire and throughout their employment) and whether your policies and practices reflect those values.Develop effective leaders. Employees often leave a job because of a poor working relationship with…
Posted by: ADP 12 Apr 2016 | 0 Comments