One of the best ways to understand how to translate organizational needs into new hires and guarantee a strong team with high-quality professionals and low attrition rates is to leverage workforce planning metrics.
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2021 is the year we prioritize diversity, equity, and inclusion (DE&I). We’re going to build inclusive and equitable cultures that honor all of our people and their diverse backgrounds; redesign our recruiting policies to make sure they’re built to support equitable hiring; stamp out structural inequities from our compensation structure, and support employees in their unique journeys. Throughout 2020 we explored diversity, equity, and inclusion in HR. These are our most important learnings. 1. Investing in DE&I pays off Diverse teams perform better. They make better decisions, collaborate more effectively,…
Great businesses are built by and with great people. If you can't hold onto your talent, you'll feel it in your bottom line. With the world in flux and the future uncertain, we need to keep our people as happy as possible. Employee retention is a key concern for HR, especially while working remotely during a plague. Here are five tips that will help you increase retention, starting now. Five tips for retaining top talent 1. Encourage friendliness across ranks A friendly hello, especially from an unexpected (and higher-up) colleague,…
Employee benefits vary across levels, industries, and countries, so it's no wonder it's hard to master the concept! While benefits are supposed to be nice-to-haves, they can be make-or-break for many candidates, especially when healthcare and pension are involved. To help you and your people navigate discussions about benefits and perks, we've explained five of the most common types of benefits. We've also shared three surprising learnings from our report about employee benefits that might help you and your people get what you really want. Five types of employee benefits This…
Employee retention is, always has been, and probably forever will be a top concern for HR, recruiters, and management. With its associated costs and cultural impact, keeping retention rates high is a way for organizations to save on recruiting and onboarding costs while increasing employee loyalty and trust. Planning an effective retention strategy needs to go beyond analyzing retention rates and explore the factors impacting retention: culture, recognition, personal development, compensation, and loyalty. Let’s explore some of the metrics most impacting retention: eNPS Career path ratio Salary change Diversity metrics…
Jingle bells, jingle bells, jingle all the way. Oh, what fun it is to Zoom Zoom Zoom Zoom Zoom. Hey! Not nearly as catchy as the original—I know. But in this weird world of sweatpants and all Zoom everything, we need to redesign the holiday season to fit our social distanced reality. Let’s look at this as an opportunity to reimagine the holiday season and spirit. How can we make our company celebrations more inclusive for everyone? The boozy Christmas parties of seasons past were fun, sure, but for those…
Great companies are run by great people. Without investing in hiring and retaining top talent, you won't be able to achieve big dreams. Retention has historically been a major concern of HR, and rightfully so: high turnover drains morale, hiring budgets, and available talent pools. Want to keep your culture healthy, employer brand positive, and employees satisfied? Check out (and take advantage of!) our three tips for boosting employee retention. 1. Encourage communication Want employees to give you their best? Make sure you want to hear it! From junior employees…
Strong communication practices have always been important but now that we're all working remotely, they can be the make-or-break factor for successful team dynamics. To help you keep your managers and teammates up to speed with your organization's communication culture, we put together a fun A-Z list of best practices for good communication. A is for actions Words are good, but actions are better. Make sure your people understand the value (and impact) of their actions and non-actions. None of us are working on an island; to succeed, we need…
We work hard for the money, don’t we? It’s almost impossible to talk about work without bringing up salary. What we’re paid is supposed to be representative of our employer-defined worth—and, on a larger scale, how the employer values their workforce. Salary average and salary change are both important HR metrics for measuring how the workforce is compensated as a whole, or in large groups. For companies competing for talent—we see you, EPD recruiters—salary average can help you understand your market position for recruiting. And for those fighting to retain…
HR leaders hold unique power. You can influence every part of your organization and its culture—and its processes, including meetings. Running effective meetings is always important, but especially in our new video-call-dependent work environment. Your influence on organizational culture puts you in the position to create an inclusive, productive meeting culture, one conducive to helping employees communicate, collaborate, and connect. Allow us to introduce the meeting agenda: a tool for reducing meeting creep and Zoom fatigue, ensuring that all voices in the meeting are heard, and keeping meetings on track.…
In this strange world, where it can feel like we’re treading water trying to stay afloat day by day, it can be hard to imagine planning for the future. Lockdowns begin, lockdowns end, and after seeing our world come to a screeching halt once already, who knows what the future holds? But to keep our heads above water, we need to make an effort. We need to keep looking ahead and do our best to plan for an uncertain future. Employee growth rate is an HR metric measuring your company’s…
When your focus is building successful teams that work together as a seamless unit, it might feel counterintuitive to single out employees for their accomplishments. But to keep every part of your team moving, you need to address each of them individually. Employee recognition is the act(s) of publicly and privately acknowledging individual achievements, and it's critical to increasing your business' bottom line. Here's how. Recognition and engagement are tied Engagement is known to be an important element of culture, productivity, and ultimately bottom-line results for your business. How does…