Leoforce

FEBRUARY 25, 2022

In July of 2021 alone , over four million Americans quit their jobs, with a large portion represented by mid-career workers aged 30-45. Have a retention or hiring problem? Look at key metrics including compensation, promotion duration, pay raise increments, and training or growth opportunities provided for employees. .

Recruiting Software 208

Recruiting Software Recruitment Software Compensation Diversity 208

CareerArc

MARCH 16, 2022

Ah, retention. 2021 has seen employee turnover go through the roof. Financially, those who quit were more likely to receive a bigger financial benefit than those who stayed. Salary compensation is not the only thing employees want. Pay increases remain a strong retention and talent acquisition tactic.

Survey 52

Survey Retention Talent Acquisition Social Media 52

ApplicantStack

MARCH 12, 2024

Employee retention is a concern in companies of all sizes, but for small businesses, it’s especially vital to avoid costly disruptions. More than just offering a bonus or a perk here or there, employee retention practices start with the first job posting and go well beyond the interviews and job offers.

Retention 91

Retention ApplicantStack Small Business Job Descriptions 91

Workable

SEPTEMBER 5, 2023

We then compared the findings to the data from our original Great Discontent survey in 2021. survey report contains a wealth of data revealing how employee priorities have changed since 2021. Compensation Of course, compensation still stands number-one atop the priority pyramid. What do workers want now? Learn more here.

Compensation 62

Compensation Survey Report Data 62

Recruiting Daily

JANUARY 26, 2023

It also extends legal protection in case of litigation and justifies compensation and hiring decisions. trillion in 2021. New compensation laws in various states mandate employers’ disclosure of salary ranges in job ads. With rising salaries and hiring costs, this number might be much higher.

Job Descriptions 99

Job Descriptions Compensation Retention Assessment 99

Broadleaf

DECEMBER 19, 2021

When the national labor shortage is combined with the declining value of the dollar resulting from inflation, it becomes clear why expectations around employee compensation are changing. percent from November 2020 to November 2021. To put things in perspective, compensation is now lower than it was in December of 2019.

Compensation 72

Compensation Energy Transportation Exercises 72

Ongig

AUGUST 15, 2022

A Fairygodboss study on How 2020 Changed the Job Search Landscape shows: “60% of men and 52% of women viewed financial benefits as the most important factor when looking for and evaluating potential employers and job opportunities.” Results show compensation remains the #1 driver in career opportunities across the board.

Job Descriptions 72

Job Descriptions Workable Compensation Study 72

ExactHire Recruiting

DECEMBER 5, 2022

We’ll get into the core definitions and benefits of adopting a fair and equitable pay platform, as well as answer why any employee might want pay equity. This pay includes all aspects of compensation, including base salary, bonuses, overtime rates, benefits, and opportunities for advancement. How Pay Equity Benefits Employers.

Compensation 296

Compensation Reference Retention Guidelines 296

Vervoe

SEPTEMBER 19, 2022

This echoes “lack of interest” and “non-competitive benefits” as other top reasons, as suggested by the SHRM report. Consider the following research: Companies aren’t offering competitive compensation, benefits, or compelling culture offerings. These are the same reasons why companies have a low retention rate.

Data 152

Data Compensation Job Boards Employer Branding 152

COATS Staffing Software

JUNE 20, 2023

According to the Statista Research Department, “In 2021, the turnover rate for temporary and contract staff was 415 percent, a decrease from 443 percent in 2020. In 2022, the turnover rate for temporary and contract employees was 419%, according to data from the quarterly ASA Staffing Employment and Sales Survey, up 4% from 2021.

Staffing 26

Staffing Staffing Software Retention Compensation 26

Slayton Search Partners

JUNE 15, 2022

But the sore truth is that millions of employees continue to re-evaluate their careers and seek new opportunities, leaving employers to redefine their retention initiatives. In particular, the earlier pandemic era (2020-2021) resulted in a record number of retirements and early retirements. Of the remaining 2.25

Retention 40

Retention Trends Compensation Education 40

The Staffing Stream

MARCH 17, 2022

According to a recent US Bureau of Labor Statistics survey, 24 million Americans left their jobs between April and September 2021, with toxic workplace culture being cited as a key reason for departure. Companies have the opportunity to cater to these demands, or talent will take positions with companies that do offer these benefits and more.

Culture 82

Culture Hiring Exercises Retention 82

The Staffing Stream

JULY 30, 2021

PREMIUM CONTENT: North America Temporary Worker Survey 2021: Full Report. They oversee your contractors, who are in turn empowered with flexibility, autonomy and choice over what projects they take on, the compensation for their time, and the location from which they work. The Potential of a Non-Payroll Workforce.

Enterprise 101

Enterprise Compensation Strategy Trends 101

Linkedin Talent Blog

JULY 31, 2022

Not only is internal mobility an effective sourcing strategy, but it’s also an effective retention strategy. Your best retention tactic is to look for folks internally who are ready to popcorn up and look for something different,” Jennifer said. We lent out some of our recruiting leads to go sit on the compensation team and help.”

Talent Acquisition 49

Talent Acquisition Compensation Mobile Retention 49

Linkedin Talent Blog

JULY 31, 2022

Not only is internal mobility an effective sourcing strategy, but it’s also an effective retention strategy. Your best retention tactic is to look for folks internally who are ready to popcorn up and look for something different,” Jennifer said. We lent out some of our recruiting leads to go sit on the compensation team and help.”

Talent Acquisition 49

Talent Acquisition Compensation Mobile Retention 49

Acara Solutions

DECEMBER 12, 2022

The Great Resignation —also known as the Great Reshuffle or Big Quit—refers to the higher-than-usual number of employees that have voluntarily left their jobs since late 2020 and early 2021. More important than compensation and benefits to employees when picking a new job, work-life balance rates as a top priority.

Culture 81

Culture Trends Linkedin Report 81

Visier - Talent Acquisition

AUGUST 23, 2021

The need for quick access to answers to help business leaders face these challenges ASAP is immense, and here are just two reasons why: Turnover is ridiculously expensive: According to Gallup’s 2021 State of the Global Workplace Report , replacing workers requires one-half to two times an employee’s annual salary.

Diversity 52

Diversity Retention Data Talent Acquisition 52

CareerArc

FEBRUARY 16, 2022

But 2021 had other plans: the rise of COVID variants and the Great Resignation prompted companies to pivot their hiring plans, beef up their benefits packages, and retune their talent acquisition strategies again and again. The current war for talent is being waged with benefits, workplace flexibility, and pay increases.

Talent Acquisition 52

Talent Acquisition Strategy Social Media Media 52

Ongig

SEPTEMBER 7, 2021

” Benefits of Racial Equity Tools for Hiring. Here are the biggest benefits of using a racial equity lens in hiring: Racial Equity Practices Enrich Teams and the Bottom Line. Incluzion aims to”eliminate barriers preventing Black and Brown talent from entering the tech industry and navigating their tech careers.”

Examples 59

Examples Tools Government Diversity 59

Slayton Search Partners

AUGUST 16, 2023

million people who left the workforce in 2021 were retirees, a retirement rate twice that of 2019. Furthermore, employers are scared to lose them and have developed retention strategies to keep them around for longer, such as greater compensation and more flexible schedules.

Banking 40

Banking Compensation Retention Survey 40

4 Corner Resources Staffing Blog

JULY 6, 2021

A supportive, open workplace can benefit the business, the staff, and the bottom line. Staff Retention Poor employee mental health can also impact employee retention rates. Related: Employee Retention Strategies 3. Which again contributes to the overall profitability and success of the firm. open jobs in the U.S.[5]

Retention 98

Retention Twitter Employer Branding Facebook 98

Recruiting Daily

APRIL 11, 2022

Fast forward two years, with businesses now working hard to retain their staff and offer competitive benefits and wages as they face a trifecta of issues: the pandemic, inflation and unfulfilled jobs. The Great Resignation began almost a year ago, in April 2021, when 3.8 The Great Resignation or the Great Upgrade?

Retention 65

Retention Benefits Compensation Transportation 65

ExactHire Recruiting

JANUARY 17, 2023

compared to men’s earnings in 2021. When an organization emphasizes recruitment, retention and promotion of women, it expands their talent pool, It also recognizes highly skilled contributors that personify talent in the workplace. of the year. According to the United States Bureau of Labor Statistics , women earned 83.1%

Applicant Tracking Systems 295

Applicant Tracking Systems Study Compensation Resources 295

Recruiting Daily Advisor

DECEMBER 20, 2022

That is where better health and welfare benefits come into the picture. Successful employers are focusing on benefits that boost workplace health and engagement, especially in the wake of COVID-19. When evaluating a job, most applicants heavily consider the benefits. What gives them that crucial leg up on the hiring competition?

Healthcare 119

Healthcare Benefits Retention Survey 119

Recruiting Daily Advisor

SEPTEMBER 20, 2023

For years, compensation was the most reliable and easiest motivation to hold onto valued employees. However, as new generations, such as millennials and even younger, started joining the workforce, much more than compensation started to be considered in order to retain valuable skilled employees.

Retention 75

Retention Compensation Training Financial 75

ClearCompany Recruiting

DECEMBER 2, 2021

Employee engagement continues to be a trending topic as the global workforce quits their jobs at record rates and retention becomes a top priority. Engagement is a top indicator of retention: highly engaged employees are 87% less likely to leave their role. What is Employee Engagement? Give Employees a Voice.

ClearCompany 320

ClearCompany Software Benefits Survey 320

Workable

SEPTEMBER 28, 2023

survey report contains a wealth of data revealing how employee priorities in the UK have changed since 2021. survey report contains a wealth of data revealing how employee priorities in the UK have changed since 2021. recorded in 2021. recorded in 2021. in 2021 to 29.1% Our Great Discontent 2.0 Learn more here.

Government 62

Government Survey Report Compensation 62

CareerPlug

FEBRUARY 20, 2023

days in 2021 and 14.5 In 2022, New York City joined several other states like Colorado and California in passing pay transparency laws , some of which require employers to put compensation in the job description or disclose it during the initial interviews. In 2020, employers took an average of 24.7 days to hire, compared to 18.4

Trends 48

Trends Applicant Tracking Systems Hiring Candidate Experience 48

Transformify - Recruiting

FEBRUARY 16, 2023

Introducing flexible work arrangements and offering valuable benefits such as health insurance and retirement savings plans can go a long way in retaining top talent. Keeping Track of Employee Retention: Why it Matters Maintaining low employee turnover rates can bring numerous advantages to your business. in 2021 to 35.1%

Retention 52

Retention Healthcare Transportation Strategy 52

Vervoe

MAY 19, 2022

A nationally representative EducationWeek Research Center survey released in late 2021 highlighted that more than 75% of district leaders and principals said they were experiencing at least moderate staffing shortages in their school buildings. . Others may not know the benefits of moving to a permanent role.

Strategy 115

Strategy Social Media Education Job Boards 115

Recruiting Daily Advisor

MAY 5, 2022

Health insurance, a 401K and a little extra time off are no longer sufficient benefits to attract and retain talent. As trends evolve and Gen Z continues to join the workforce, employees are demanding enhanced benefits like work flexibility, generous compensation, additional paid time-off and wellness resources.

Retention 104

Retention Financial Banking Insurance 104

CareerPlug

MARCH 17, 2023

The Great Resignation referred to a period of time starting in early 2021 when millions of people quit their jobs. To stay ahead of this hiring and retention challenge, you need to have the right approach to attract job seekers. Make necessary adjustments if it’s feasible and include compensation in the job posting.

Hiring 26

Hiring Applicant Tracking Systems Small Business Compensation 26

Slayton Search Partners

AUGUST 9, 2021

The “turnover tsunami” has ravaged most every industry, with millions of US workers, from the frontlines to the c-suite, leaving their jobs in the spring and early summer of 2021. Mostly, these moves are in favor of better work-life balance, higher wages, and more attractive benefits and perks.

Banking 52

Banking Real Estate Financial Policies 52

Recruiting Daily Advisor

NOVEMBER 11, 2020

The “2020 Talent Retention Report,” released by iHire, features survey insights from 2,871 U.S. Highlights from iHire’s 2020 Talent Retention Report include: Despite high unemployment rates, layoffs haven’t been the sole drivers for turnover in 2020. Employees still value traditional benefits and perks. A total of 2,871 U.S.

Retention 106

Retention Survey Insurance Insurance 106

ClearCompany Recruiting

MAY 17, 2022

This article by Guest Author Rachel Fletcher will show you how to calculate employee turnover rates and then walk you through a few steps to improve employee retention. You’re measuring turnover for the year 2021. There were 58 sales department employees on January 1, 2021, and 62 on December 31, 2021.

ClearCompany 315

ClearCompany How To Job Descriptions Mobile 315

Workable

NOVEMBER 18, 2021

While it is typical for younger employees to have a higher rate of job turnover, that has recently shifted to employees aged 30-45 years old with an increase in resignations in this group by over 20% between 2020 and 2021. Certain benefits such as working from home have become a premium in the job market due to the pandemic.

Retention 118

Retention Advertising Job Descriptions Workable 118

Recruiting Daily Advisor

NOVEMBER 10, 2020

November is here, which means it’s time to start predicting what the future has in store for 2021. Our reluctance aside, the Adecco Group’s Professional Recruitment and Solutions division was brave enough to share its expectations for 2021 based on newly released survey findings. Key Findings from the Survey Reveal ….

Hiring 145

Hiring Survey Compensation Financial 145