First Time Ever: Job Openings Exceed Job Seekers… What Happens Next?

If you were putting off an employee retention strategy until later, it just became later. The U.S. Department of Labor just reported that, for the first time ever, the number of job openings in America exceeds the number of job seekers. This is an unprecedented situation that is increasing turnover all over the country, and giving the upper hand to employees and job seekers. If one of your best employees quits today, the reality is: It will be HARDER to find [...]

Read more...

Can you smell that? It’s your HR data rotting. Discover the 5th V of Talent’s Big Data.

Curving the 4 V’s of Big Data in HR: The People & Culture Perspective Can you smell that? It’s your HR data rotting. Every day we wait is a day that the value of fresh data spoils. The breakthrough in talent analytics today is transformative. If you are not mining predictive insights by now, your HR job is at risk. After 18 years of managing the famed 4Vs of Big Data, we discovered the most important V is not one of them. [...]

Read more...

A break up letter to Facebook…It’s not you, It’s me

In the wake of the recent Cambridge Analytica outrage, Facebook grapples with having allegedly spilled personal data on nearly 87 Million people (and around 42% of entire USA population on Facebook.) As a result, a lot of people ‘quit’ Facebook as users. The #deletefacebook campaign caught a lot of fuel as the fire spread to different parts of the world. Some of the biggest names on the list include the prophet of future technology, Elon Musk, and technologies sage [...]

Read more...

How Not to Do Exit Interviews: The Toll for Taking the Wrong Exit

Exit Interviews provide the most timely opportunity for an employer to receive feedback of an employee’s experience. Only when an employee quits, can we uncover, with accuracy, why they quit. It is a valuable window for an organization to view constructive feedback, as well as to ensure employees leave the organization on the best possible terms. However, if used incorrectly, feedback can result in a head-on collision, and bad publicity for the employer when not handled with care. Just ask [...]

Read more...

The 3 Metrics That Turn Down Employee Turnover

The word turnover means more than a number calculation. Losing good employees is one of biggest drains on a company’s bottom line, yet organizations consistently overlook or miscalculate what it truly costs.  A Cost of Turnover analysis that gets to the bottom of what really matters – what turnover costs, why it costs, and how to fix it — goes beyond simple multiplication and division. Through a better understanding of these 3 hidden factors, organizations can turn up the [...]

Read more...

5 Signs You’re in a Dead-End Relationship With Your Employees and What to Do About It

Paul Simon knew, there must be “50 Ways to Leave your Lover”. But painful relationships are not confined to romance; they occur in today’s workplace, surfacing as disengagement and apathy in the daily grind of work. They also can be avoided. If we recognize the signs of a dead end employer-employee relationship and what workforce strategies employers can launch, we can bring the magic back. Bringing the Magic Back to Workforce Strategy Unless you’re from the future, you employ people not [...]

Read more...

How to Keep the Love Alive in a Long Distance Relationship with your Workforce

The advent of remote work brings with it a set of challenges. As speed, flexibility, and collaboration become the bottlenecks of today’s workplace, a whole new set of norms exist now. Companies looking to build a high performance culture confront the challenge of sustaining employee motivation without face to face interaction. How can employers make sure their employees stay in love with their work and the company, despite being in a long distance, remote relationship? Employee surveys that measure [...]

Read more...

4 Employee Retention Tools We Learned from Shark Tank

Popular ABC TV show Shark Tank is a prototype for what is possibly the world’s best recruitment process. While many viewers tune in for entertainment, witnessing the frenzy of action provides valuable insight on how to recruit and retain high performing employees. Here are four real-world retention lessons from Shark Tank. These expose some of the most powerful employee retention tools on land. 1: Selling the  Opportunity In the absence of presenting value, the wall of sharks are impenetrable. Once the [...]

Read more...

5 Talent Retention Strategies We Learn from Cinco de Mayo

While most people associate Cinco de Mayo with carne asada, mariachi music, and a zesty tequila, there is a powerful allegory about the employee retention strategy behind all the festivities. These five enchiladas of wisdom revealed by the underdog victory at the Battle of Puebla offers strong insights intro talent retention strategies. Talent Retention Strategies Hot Tamale #1: Know what You’re up Against When the Mexicans triumphed over the French, it was a major upset. Not only were the French an [...]

Read more...