Retention of Employees Key Terms

Retention of Employees Key Terms

By Michele Vrouvas
No business wants to see a rapid turnover of its staff or to endure the uncontrollable costs associated with it. Not only can high employee turnover compromise your corporate reputation but it can have adverse consequences on customer service and deplete your resources. Knowing how to control employee turnover means learning what conditions serve to create the kind of positive working environment that boosts employee retention. Learn key terms related to employee retention so you can take action now.

 

Emergency employee life cycle

HR professionals speak about the emergent employee life cycle, a workforce model that anticipates the characteristics of new hires.
Try: Retensa explains how understanding the emergent employee life cycle helps to promote company strategies for successful onboarding. Find out what this model predicts about the skills of emerging employees. You'll also learn how companies use the model to adapt to workplace trends.

Employee surveys

Businesses use employee surveys to generate data from which they can determine employees' attitudes toward the company and also whether employees can offer constructive feedback on company policies and environment.
Try: Go to SuccessFactors to understand how employee surveys can be used to generate positive feelings toward your company, such as encouraging employees' loyalty and contentment with the work environment. Find out how exit interviews can also be used to solicit employees' insights.

Employee attitudes

While past behavior used to be considered a key indicator of future behavior, HR professionals are now relying more on employee attitudes to predict long-term behavior.
Try: InfoSurv offers advice on how to measure employee attitudes and turn them into useful business metrics that can boost retention. You'll learn about the variables that employees can be questioned on and what kind of decisions companies can make based upon the results from employee attitudes' surveys.

Retention checklists

Some HR managers are using a retention checklist to remind them that they should be working certain best practices into their daily management routine.
Try: At Employee Retention Strategies, you'll find out what the latest research has to say about the value of a retention checklist. You'll also learn which strategies are most successful and how HR managers are using these strategies to promote personal and professional development of employees, give constructive performance criticisms and engage employees in the company's day to day operations.

Hard costs

Managers speak about the hard costs of employee turnover as a factor driving them to consider new methods for employee retention.
Try: Go to the Rainmaker Group to find out how businesses are identifying and quantifying the hard costs associated with rapid employee turnover.

Talent management

Since talent remains one of the most essential reasons for a company's success, managing employee talent has become a crucial HR function.
Try: The Manager identifies the processes involved in talent managing and how companies are accepting the on-going challenge of finding and retaining top-performing employees.



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