Do Managers Create as Much Stress as Spouses?
The answer is “yes”, according to a new SHRM study that covers the overall impact of managers on employees’ mental health.
Is Recruiting Today a Doom Loop for Tomorrow’s Turnover?
What is the best two-word description for recruiting today? Doom Loop “a painful cycle of decline”. The recruiting doom loop can be overcome with proven smart retention practices.
CVS Waives the White Flag on Turnover
CVS and Walmart announced last week they would cut pharmacy hours “in the midst of a pharmacist shortage.” There is a “canary in the coal mine” situation happening here.
How Much Can Pay Fix Turnover?
Companies that believe retention is based on pay, benefits, or any other traditional reason are dogs chasing their tails. They will never out-pay their competition for talent…but they will irritate and lose top performers by constantly raising starting pay without addressing pay compression for others.
Last Thursday and Retention Accountabilities
Two things happened last Thursday that will juice anyone’s interest in cutting employee turnover…and both were about getting c-suite executives to support moving retention accountability out of HR to the frontline managers where it belongs.
How Important is Turnover to Your CEO?
How would your CEO rate employee turnover as a priority? “Very important” is easy to say…and easy to see. But the question is precisely how much does employee turnover impact every single aspect of our businesses? The answer to this question is critical because each organization determines how committed it is to cutting turnover.
Gallup’s Post-Pandemic “Best Friend” Turnover Solution
The G12 is the core of Gallup’s approach to measuring employee engagement by rating 12 highly-researched items on a five-point scale. One of those 12 is “I have a best friend at work”. I confess to initially scoffing years ago regarding this one.
There are 2 Ways to Cut Turnover. Which is Yours?
Let's start with, "Which method are you using to cut turnover?" This is a quiz with two possible answers, with one being right and the other being very, very wrong. And as a clue, the correct answer is based on science whereas the wrong answer is based on “best practices”.
Employee Retention Secret: Make Your CFO Your Best Friend
A CFO participated in a turnover cost study, and we determined one engineer cost his company $121,450 – and how that fit in with other expenses. The next day that CFO said he couldn’t sleep, that he went in early to extrapolate numbers and determined turnover was their second biggest cost. A game changer.
Cutting Turnover 20% and More During The Great Resignation
In preparation for Dick Finnegan’s #SHRM22 mega-session: Case Studies: Cutting Turnover 20% and More During "The Great Resignation” we are reposting our blog that contains several real-world examples of clients cutting turnover that will be shared with updated data and additional examples from the stage.