A succession plan is simply the result of HR planning and management of its employees as they move throughout the company. It provides a plan and process for the inevitable departure of employees at all stages of …
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The minimum cost of a new hire is approximately $50,000. In a study done by Bamboo HR with over a thousand people, 31 percent 0f respondents had quit a job within six months of starting it. And …
Employee engagement surveys are used by 92 percent of companies. This is to be expected, considering 80 percent of senior leaders rank employee engagement as a critical part of achieving business objectives. The traditional employee engagement survey …
Three years ago, a workforce-development agency in Massachusetts known as Commonwealth Corporation studied the reason for the sharp fall in youth employment rates in that state. The group’s president, Nancy Snyder, stated that pre-employment assessments were a …
Many experts estimate that the cost of a bad hire exceeds the annual salary of that position. It would be in your company’s best interest to hone your hiring manager’s interviewing skills, so you can interview and …
Employment testing is an exceptional way to determine the quality of new hires, as well as current employees. With that said, there are a number of assessments offered worldwide. Here’s a list of factors to consider when …
In 2014, employee development was listed as a top priority more than any other area by the 100 Best Companies to Work For by Great Places to Work. This makes sense, considering on-the-job employee development accounts …
According to IDC, U.S. and U.K. employees cost businesses approximately $37 billion each year due to a lack of understanding of their roles and requirements. Not only does employee onboarding reduce on-the-job learning costs, it also …
Workforce assessments go hand-in-hand with workforce planning. The data provided by workforce assessments gives you the tools and knowledge you need to effectively implement a number of necessary workplace processes involved in workforce planning. There are 8 …
In a recent survey, 97 percent of top 1000 CEOs claimed that access to and retention of key talent are their top priorities. This is the case for two reasons. One, turnover is expensive—the financial impact is …