Employee Engagement#Retention#HRTech#HRCommunity
By fostering the right reasons for employees to stay organizations can not only reduce turnover but also boost morale, productivity, and long-term success.
Strategic HREmployee EngagementLeadership Solutions#Retention#EmployeeExperience#HRCommunity
Successful employee retention strategies are key to reducing recruitment costs, boosting productivity, and staying competitive. Organizations must create a culture that values work-life balance, career growth, and employee engagement to retain top talent.
Talent Acquisition#Retention#HRTech#HRCommunity
According to a study, 4 in 5 employers worldwide struggle to find skilled talent due to rapid technological advancements creating a skills gap. Since 2014, the global talent shortage has more than doubled.
Recruitment#Retention#Hiring#HRTech#HRCommunity
New hires are taking longer to reach full productivity in their roles. In 2023, the average timeframe for new hires to become fully productive was 24 days, but in 2024, it has extended to at least 35 days.
Talent Acquisition#Retention#HRTech#HRCommunity
Rehiring boomerang employees significantly cuts recruiting costs, saving employers one-third to two-thirds of hiring expenses. For instance, an average Fortune 500 company could save around $12 million annually by rehiring former staff rather than using conventional recruitment methods.
Are Australian businesses overlooking their most seasoned workers?
Employee EngagementTalent Management#Retention
From diversity and inclusion, to developing technology skills, to retaining young talent, to driving organisational change, experts are increasingly plumping for reverse mentoring to achieve these ambitious organisational goals.
