Apr 22, 2014
Retaining the best employees is one of the biggest challenges organizations face today. Last year CareerBuilder put out some new research that showed 77% of full Time employees were actively seeking new opportunities.
Further validating this we asked HR professionals in our own survey “What Keeps HR up at Night” what their top HR concerns were. 48% said engaging and retaining employees and 45% said developing leaders and managing skills gaps. In recent LinkedIn research they found that replacing an employee costs 1.5 times as much on average, compared with what it would take to retain an employee.
So how do we help employees grow?
The first way we can help is ensuring employees have access to all of your current job openings. LinkedIn Recently announced that they will be surfacing jobs openings from a user’s current company. For example, a SilkRoad employee seeking new work on LinkedIn will also see job openings within SilkRoad.
This concept although new to the external job boards and networking sites is not new for employers, many of which are already providing employees an internal Career Site, boosting employee mobility by allowing existing employees the opportunity to see job posting before they are posted externally. In our recent source of hire research we looked at the source of interview and hire for over 160 thousand job openings and Current Employee was 4th on the list.
Long before employees make the decision to look for new openings on LinkedIn employers have the opportunity to impact retention. Most employees leave their current companies for opportunities to grow their skills and climb into new positions, not for salary. Employers leveraging technology can now provide employees the tools they need to clearly see where their skills gaps are and lead them to training material that helps them grow personally, professionally and most importantly in your own organizations.
Retaining your best employees is critical to company success, and although technology cannot solve all of our HR concerns, it can be a great place to start by providing employees the opportunity to grow their skills and seek internal opportunities before being lured away.
Apr 16, 2014
Apr 15, 2014
Not your Father’s LMS: The How and Why of Millennial Workforce Learning
As a father to four sons who are growing up as part of the millennial generation (those born from 1981…READ FULL ARTICLE
Apr 9, 2014
Apr 8, 2014
So somebody ordered a tall glass of change with a side of bacon…
By Sara Harris
5 key strategies for having a change management plan that has some “meat” to it. As a woman in my…READ FULL ARTICLE
Apr 2, 2014
Apr 1, 2014
Mar 28, 2014
Mar 27, 2014
Mar 26, 2014
Customer Spotlight Series: How Mustang Made a Winning Investment [Webinar Wrap Up and Replay]
By Nick Klett
Everyone wants to improve their onboarding experience, but what does improvement look like? If you’ve been to any of our…READ FULL ARTICLE