Employee retention strategy

What is an employee retention strategy?

An employee retention strategy is a calculated approach to keeping people motivated to work at their jobs. In the current job-hopping culture, people are often on the lookout for better work situations, unless they’re happy at their jobs.

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Employee lifecycle

What is the employee lifecycle?

Awareness of the employee lifecycle can help HR professionals better understand–and therefore improve–the employee experience at all of its different stages. By helping you improve the employee experience, the employee lifecycle model assists you in attracting better talent and retaining people longer, resulting in a reduction in turnover and its associated costs. It can also improve your reputation in the employment market, helping you attract a talented, driven, and productive workforce.

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Floating holiday

What is a floating holiday?

A floating holiday is a paid day off that an employee can decide to take on a day of their choosing. It’s called a floating holiday because it can “float” to whichever day the person chooses. Companies usually provide these in addition to the standard paid holidays as a type of benefit.

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Stay interview

What is a stay interview?

A stay interview is a formal discussion between a leader and an employee to determine how to enhance the employee’s engagement. Stay interviews are one-on-one to encourage people to share information they may feel uncomfortable bringing up in a group setting.

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Culture fit

What is a culture fit?

Incorporating culture fit into the HR strategy allows HR to recruit and hire people who appreciate the company culture. This employee-employer alignment sets the stage for a harmonious work environment conducive to high-performance work, productivity, efficiency, and innovation

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HR audit

What is an HR audit?

An HR audit is a self-evaluation HR departments perform to assess their functionality and compliance with government regulations. HR auditing generally focuses on two domains: 1. Current practices and processes. For example, revamping the organization’s training and development program to include a wider variety of learning options or refining the recruitment process by rewriting the job descriptions. 2. HR KPIs. For instance, focusing on decreasing the absenteeism rate, time to hire, or time to fill.

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Gap analysis

What is a gap analysis?

A gap analysis in workforce planning is a process that looks at an organization’s workforce and its skills and compares it to the skills required to reach its key goals. It is used to identify potential deficiencies in an organization’s current workforce and abilities. Gap analyses aim to help an organization succeed by allowing it to make strategic plans for upskilling and hiring.

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Occupational health

What is occupational health?

Occupational health (OH) is a branch of medicine that focuses on preventing work-induced illnesses and injuries and promoting wellbeing in the workplace. It originates from the findings of the 17th century Dr. Bernardino Rammazini, who documented a causal relationship between his mineworker patient's exposure to toxins and their illnesses.

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Revenue per employee (RPE)

What is revenue per employee?

Revenue per employee (RPE) is a financial metric that measures the average profit each employee contributes. Revenue per employee allows organizations to determine the efficiency, productivity, and profitability of each employee and the company as a whole.

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Diversity management

What is the meaning of diversity management?

Diversity management is an organizational process used to promote diversity and inclusion in the workplace. This process involves implementing policies and strategies in hiring, management, training, and more. The goals of diversity management are to promote fairness and equality and benefit from the advantages of a diverse organization.

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What is employee orientation?

What is employee orientation?

Employee orientation is the process of introducing new hires to an organization. Employee orientation aims to give new people all of the information and tools they need to be ready to work with their new team and in their new role.

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What is a payroll cycle?

What is a payroll cycle?

A payroll cycle is an administrative process of paying employees recurring compensation.

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What is a performance development review?

What is a performance development review?

A performance development review (PDR) is a regularly scheduled process where a person’s past and current performance is examined and evaluated. It can happen as frequently as once a month or as infrequently as once a year.

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What is Zoom fatigue?

What is Zoom fatigue?

Zoom fatigue is the tiredness people experience following excessive work-related video conferencing. Zoom fatigue emerged during the upsurge in Zoom usage following the COVID-19 social distancing protocols. Zoom fatigue isn’t an official medical term. But, it's real and causes people to feel: Drained of strength and energyReduced concentration and mindfulness Stress, anxiety, loneliness, or depression Burnout Why should HR leaders care about Zoom fatigue? Without a doubt, Zoom offers a convenient manner of communication, allowing individuals to meet online with co-workers while working from home. Yet, video conferencing can hinder fundamental forms…

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What is talent analytics?

What is talent analytics?

Talent analytics is a method of utilizing employee data to promote intelligent workforce planning and business decisions. As an evolving field, talent analytics enables HR professionals to collect, analyze, and report data concerning employees and candidates to improve HR functions. Organizations rely on HR software to assist in the various forms of talent analytics, such as Algorithm-based candidate screening to source new hiresAutomated pulse surveys to gauge employee engagementPrediction of the likelihood of employee turnover Why should HR leaders care about talent analytics? With AI tech permeating every corner of…

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