Shrinking Workforce, Average Stay Now at 17 months, Skill Levels Requiring Employer Investment
Businesses are increasingly under stress to maintain key employees — what to do?
Current trends show that the average employee remains with one company for approximately 17 months before moving on.
When an employer weighs the options for retaining an employee or letting the individual go, the arguments in favor of getting the employee to stay may not be as obvious.
However, a recent study conducted by the Center for American Progress revealed that employers incur a cost of approximately 20% of an employee’s salary when the individual leaves.
Do the math and it’s clear to see that the cost of losing a $50,000-per-year employee can add up to a loss of $10,000 for the employer.
Various considerations can help employers maintain current talent, while saving them the time, effort, and money involved in dealing with a high rate of turnovers.
Click the read more button to discover more of what Mary has to say on retaining talent…read more
Attracting and Retaining Staffs
The Importance of Benefits
While the U.S. economy continues to deliver decidedly mixed portents, there can be little doubt that the nation is at least moving in the right direction.
This is especially true with regards to unemployment and job creation, with the former falling to 7.6% in March and continuing the downward trend first established towards the end of 2012.
While the most obvious conclusion to draw from this is that a growing number of individuals are finding employment, there are additional consequences that need to be considered.
The job market will benefit from improved sentiment, for example, which in turn will encourage the long term unemployed to resume their search for work and make a commitment to achieving financial independence.
Click the read more button to discover more of what Lewis has to share…read more
Your work experience is largely determined by the company for which you work.
Even if you love your field, have great client relationships and enjoy what you do each day, doing it for a company that does not appreciate its employees dampers your entire work experience.
The following companies not only appreciate their employees, but they also foster a positive work environment in creative ways.
Snag a job at one of these companies, and you will benefit from perks like in-office massages, vacation packages, service awards, and more — Annette Hazard shares a list of 10 of these companies…read more
Based on a sample size of more than 1.12 million people across 200 countries and territories from executives to frontline staff, the Landscape of Diversity study exposes how the dramatic age diversity in organizations, both in the US, and globally could significantly stunt leadership growth – as well as succession planning, employee performance, and overall business outcomes – if not properly managed.read more
Finding the right talent to staff an IT department is never an easy task.
Technology itself is constantly evolving, so the focus needs to be on hiring both talented and forward thinking individuals who will allow a company to innovate and thrive.
The alternative risks getting left in the dust as similar companies speed by on the road to success.
Potential IT candidates need to be up to date on the latest in technological advances to put themselves in a better position to help usher your company into the future.
Click the read more button to discover more about staffing your IT department…read more
For years, the IT landscape has thrived on specialized information technology professionals.
But as technology and needs have rapidly shifted in recent years, so have IT needs.
Specialized IT positions are shifting right along with the technology.
Understanding how this affects your IT department means having a solid grasp on the types of positions affected.
More importantly, you’ll need to understand some new technology and how to navigate to ensure you’re getting the most out of IT resources.
This involves a significant shift in how you think about positions in your IT department.
Click the read more button to discover more…read more
Dawn Altnam lives & works in the midwest and loves following the business tech world where spends her time researching her interests and then frequently sharing her discoveries in blogs.
The human resources department is a busy and productive place in almost all offices.
While, to outsiders, it often feels like the only thing that human resources does is hire new employees, the department actually handles many important tasks that improve things for the office as a whole.
Because of this, HR managers are always looking for new ways to improve the flow of information in and out of the department.
Find out how managers are using the concept of “big data” to learn more about the employees who work for them and streamline the entire human resources process by clicking the read more button now…read more