![]() Not only on your company’s overall business, but also on the department and the team the person leaving was managing or working for. Losing your top employees can have a detrimental effect. That’s why it shouldn’t come as a surprise they won’t think twice about moving to the next employer when this fits them better. As a result, today’s talents can choose from an elaborate menu of companies that want to hire them. Yes: that means that your rock-star employees are also being chased. ![]() On top of that, recruiters are actively approaching talent that is already employed elsewhere. They offer better salaries, throw in dazzling perks, and grant endless growth opportunities – anything to position themselves as a great place to work. Many companies are going to great lengths to persuade potential job candidates to work for them. As the War for Talent continues, the competition for attracting the best employees is getting tougher. But when the labor market is tight – like it is right now – retaining them is a whole different ball game, and the stakes are even higher. Recruiting the right talents is hard enough. Intro: The Hunt for Your Rock-Star Employees is On How are Turnover and Retention related?ġ.A 5-Step Approach To Formulating The Employee Retention Rate.How to Calculate Employee Retention Rate. ![]() Intro: The Hunt for Your Rock-Star Employees is On. ![]() In this article, we’ll discuss what employee retention is and how you can calculate this crucial HR metric in five easy steps. This metric can help improve the employee experience and build a workforce of motivated employees who positively contribute to healthy company culture. But before you can identify challenges and set targets for improvement, you must first understand your employee retention rate thoroughly. Creating a highly engaged and productive workforce starts with a clever employee retention strategy. ![]()
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