According to a new survey that Gartner has published, nine out of every ten (90%) HR leaders report that employee turnover is a significant concern they’re facing. With figures like that, it’s not surprising that employee retention is always a primary focus for HR teams and business leaders. Here are three critical facts about employee turnover in the United Kingdom in 2021: – 46% of UK workers say their companies training opportunities make them more inclined to stay in their current job. – 87% of Millennials, those born between 1996 and 2005, say that accessing professional development opportunities is crucial…
Employee turnover is part of being an employer. Starting a job straight after school or university and staying there until retirement is no longer commonplace. Nowadays, people move between roles much more often than they did in the past. Research by insurance firm LV= found that a UK worker will typically change employer every five years. What’s more, the Society for Human Resource Management estimates that it costs an average of 6 – 9 months of your former employee’s salary to find and onboard their replacement. Your ability to retain employees is an important factor in your success – and…
Enticing candidates away from your competitors, winning them and retaining them can be a significant challenge for HR teams and recruiters. As the workforce demographic changes, businesses must adapt and consider what the next generation finds attractive about a prospective employer. So how can you attract and retain the very best talent? While there is a crossover between the two, let’s look at each individually to help you hone in on strategies to encourage top candidates to pursue a position with you and ensure you keep hold of them. How do you attract new hires? Businesses need to keep their…
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