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Turnover Rate: What Is It? and How to Get It Under Control

SmartRecruiters

Understanding turnover rate is essential to creating a talent acquisition and retention strategy that allows you to be proactive in sourcing and hiring and helps you avoid scrambling for talent at the last minute. For example, software had the highest turnover rate of any sector in 2017, coming in at a whopping 13.2%.

How To 86
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What Are the 5 Main Drivers of Employee Retention

ExactHire Recruiting

You’re inviting these and many more problems if you aren’t implementing these 5 main drivers of employee retention. It’s easy to hyper-focus on recruiting, even if you understand the importance of employee retention. Employee Retention Definition. The importance of employee retention can’t be overstated.

Retention 156
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By the Numbers: November 2, 2018

BountyJobs

Consumers’ assessment of present-day conditions remains quite positive, primarily due to strong employment growth,” said Lynn Franco, director of economic indicators at The Conference Board. private-sector is at is slowest since June 2017. Disrespectful Bosses Harm Retention. The index rose to a reading of 137.9 in September.

Retail 56
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How to Embrace the Top 4 Workforce Trends

CareerBuilder

Examining the biggest workforce trends emerging in 2017 can help leaders make better decisions for their small businesses. Measures range from creating hassle-free applications and notifying job seekers about where they stand to leveling the playing field with bias-reducing, skill-based assessments. With the average tenure for U.S.

Trends 63
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Onboarding best practices: boost your new hire experience

Workable

Onboarding, when executed effectively, is not just a process – it’s the beginning of a meaningful relationship between an employee and an organization. And many organizations don’t have good onboarding best practices – only 12% of employees say their employer does a great job of onboarding new employees , according to Gallup.

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How Banks and Credit Unions Can Prosper in the Midst of the ‘Great Resignation’

Employment Technologies

While employee retention is actually improving in the financial sector, finding and keeping the right talent remains a challenge (Crowe, Bank Compensation and Benefits Survey, 2021). Regions’ investment in their employees paid off, resulting in improved service levels for their customers and higher retention for their employees. “It

Banking 98
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Unlocking the Power of True Skills-Based Hiring: A Comprehensive Guide

Vervoe

Although pre-employment skills assessments have proven to be a revolutionary approach to recruiting top talent, on closer inspection, not many companies have actually adopted it. According to a 2017 study by Harvard Business School, Accenture, and Grad of Life, employers prioritized degrees due to their search for higher talent quality.

Hiring 62