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 87

Retention ApplicantStack Small Business Job Descriptions 87

CareerArc

MARCH 16, 2022

Ah, retention. 2021 has seen employee turnover go through the roof. Salary compensation is not the only thing employees want. Pay increases remain a strong retention and talent acquisition tactic. Retention is not a losing battle. For men, it was 24%. What this all means for employers. Want to learn more?

Survey 52

Survey Retention Talent Acquisition Social Media 52

Recruiting Blogs

JANUARY 24, 2024

The subsequent Great Resignation, spanning from 2021 to 2022, brought a temporary reprieve as talent flocked back to the insurance sector, enticed by generous compensation packages and flexible work-from-home arrangements. The key lies in fully embracing a work-from-home model for the long term.

Insurance 52

Insurance Insurance Compensation Talent Acquisition 52

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

Rally Recruitment Marketing

MARCH 14, 2022

In April 2021, LinkedIn had a company-wide paid week off to “unplug, recharge and prevent burnout”. This has serious implications for retention. Data from Payscale’s 2022 Compensation Best Practices Report projecting an increase in raises in the coming months. Fortunately, some are.

Benefits 221

Benefits Policies Compensation Banking 221

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. .

Recruitment Software 208

Recruitment Software Recruiting Software Compensation Diversity 208

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 96

Job Descriptions Compensation Retention Assessment 96

Workable

NOVEMBER 27, 2023

survey report contains a wealth of data revealing how employee priorities in the UK have changed since 2021. Compensation, unsurprisingly, reigns supreme. It’s not that people love money – it’s that they want (and need) to be compensated fairly for the work they put in. Retention is a very real thing. Learn more here.

Compensation 62

Compensation Culture Survey Data 62

Hireology

JULY 15, 2021

However, these positive revelations were balanced with a dose of troubling facts — like employers around the country, especially restaurant owners, have seen a huge hit to retention , and with high turnover rates comes increasingly difficult working conditions for remaining staff members, creating a vicious cycle. from a year earlier.

Report 78

Report Hiring Guidelines Social Media 78

Visier - Talent Acquisition

OCTOBER 19, 2021

The Great Resignation is upon us with 89% of the workforce experiencing burnout over the past year ( Visier, 2021 ) and over 40% of employees looking to change jobs in 2021 ( Microsoft, 2021 ). 3 difficulties organizations face when addressing retention. Understanding your retention issues takes resources.

Retention 52

Retention Data Groups Strategy 52

Visier - Talent Acquisition

OCTOBER 19, 2021

The Great Resignation is upon us with 89% of the workforce experiencing burnout over the past year ( Visier, 2021 ) and over 40% of employees looking to change jobs in 2021 ( Microsoft, 2021 ). 3 difficulties organizations face when addressing retention. Understanding your retention issues takes resources.

Retention 52

Retention Data Groups Strategy 52

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 69

Compensation Energy Transportation Exercises 69

Recruiting Blogs

JANUARY 15, 2024

The subsequent Great Resignation, spanning from 2021 to 2022, brought a temporary reprieve as talent flocked back to the insurance sector, enticed by generous compensation packages and flexible work-from-home arrangements. The key lies in fully embracing a work-from-home model for the long term.

Insurance 40

Insurance Insurance Compensation Talent Acquisition 40

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

Vervoe

OCTOBER 3, 2022

On the one hand, some employees agree that their work responsibilities shouldn’t extend beyond those outlined in their job description, particularly when not fairly compensated for the additional duties. Among the disengaged, healthcare workers declined by nine points between 2021-22. Understand the reluctance to hustle.

How To 118

How To Hiring Survey Healthcare 118

The Staffing Stream

JUNE 9, 2022

More than 47 million Americans quit their jobs in 2021, the highest number of resignations on record , and there was still a record 11.5 Here are seven critical actions to help recruitment and retention efforts: Realize it’s not just about money. Compensation is not the only factor causing employees to stay or leave.

Retention 78

Retention Insurance Insurance Diversity 78

Ongig

AUGUST 15, 2022

LinkedIn research shows 61% of applicants highlight compensation as the #1 part of a job description. Results show compensation remains the #1 driver in career opportunities across the board. Market pay drives employee retention. Listing salary info optimizes your hiring process. Remember, employee turnover is expensive.

Job Descriptions 72

Job Descriptions Workable Compensation Study 72

Vervoe

SEPTEMBER 19, 2022

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. Workplace compensation was the largest contributor to resignations in 2021, according to Pew Research.

Data 152

Data Compensation Job Boards Employer Branding 152

ExactHire Recruiting

DECEMBER 5, 2022

This pay includes all aspects of compensation, including base salary, bonuses, overtime rates, benefits, and opportunities for advancement. For many employers, pay equity is an umbrella concept that encompasses all issues related to fair compensation. The terms encompass different ideas. Disability. Sexual Orientation.

Compensation 296

Compensation Reference Retention Guidelines 296

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. Here are four key strategies for improving company culture and retaining top talent, both with prospective and existing employees: .

Culture 82

Culture Hiring Exercises Retention 82

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 Culture 40

ClearCompany Recruiting

JANUARY 11, 2022

But first, let’s look back at 2021, its successes, its challenges, and how ClearCompany adapted to clients’ changing priorities and helped them reach their goals. The competitive labor market of 2021 endures, and there’s no sign that the ‘Great Resignation’ will end anytime soon. We’re looking forward to an exciting 2022!

ClearCompany 318

ClearCompany ADP UltiPRO Linkedin 318

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

Recruiting Daily

MAY 5, 2022

This contrasts sharply with compensation and work-life balance concerns of new job seekers just half a decade ago. According to the Financial Services Job Seeker Trends Survey 2021, 79.4% Did you know that most video interviews completed in 2021 were done outside normal business hours? And who can blame them?

Recruiting Trends 85

Recruiting Trends Trends Hiring How To 85

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

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

career.place

DECEMBER 8, 2021

Thinking back on when 2021 was a fresh new year full of opportunity and big plans, what did you have planned? For those with grand plans of 2021 that did not transform into reality over the past year, why not? For those with grand plans of 2021 that did not transform into reality over the past year, why not? And how did you do?

Diversity 52

Diversity Talent Acquisition Retention Resources 52

career.place

DECEMBER 8, 2021

Thinking back on when 2021 was a fresh new year full of opportunity and big plans, what did you have planned? For those with grand plans of 2021 that did not transform into reality over the past year, why not? For those with grand plans of 2021 that did not transform into reality over the past year, why not? And how did you do?

Diversity 52

Diversity Talent Acquisition Retention Resources 52

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

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 86

Culture Trends Linkedin Report 86

Hiretual

JANUARY 25, 2022

In April of 2021, the job market drifted in a different turn than expected; the Great Resignation shifts the employer-employee dynamic, leading to a talent shortage in the market and making recruiters’ jobs harder than ever. million Americans quit their jobs in April of 2021 for better pay, working condition, and work-life balance.

Talent Acquisition 62

Talent Acquisition eBook Recruiting Trends Candidate Experience 62

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

Hiretual

JANUARY 25, 2022

In April of 2021, the job market drifted in a different turn than expected; the Great Resignation shifts the employer-employee dynamic, leading to a talent shortage in the market and making recruiters’ jobs harder than ever. million Americans quit their jobs in April of 2021 for better pay, working condition, and work-life balance.

Healthcare 62

Healthcare Enterprise Talent Acquisition Diversity 62

Ongig

SEPTEMBER 7, 2021

Top candidates want to be compensated deservingly without worrying about hidden bias and agendas that could lead to preferential treatment for a select group of people. .” source: Fundera. Racial Equity Attracts Top Talent and Keeps Them. Attracting talent becomes easier for companies that pursue workplace equity. Shout-Outs.

Examples 59

Examples Tools Government Diversity 59

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

Viaduct

APRIL 26, 2023

million in 2021 and 50.5 In return, employers have shifted their focus to increased workplace flexibility, upskilling, and corporate culture, significantly reshaping the labor market and how companies approach talent retention and recruitment. million in 2022 —in large numbers. percent ) and restaurant and bar ( 7.5

Retail 93

Retail Financial Guidelines Survey 93