Infographic: 7 Key Employee Turnover Statistics

Check out the 7 key employee turnover statistics presented in a cool infographic!

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Struggling with employee turnover?

Are you struggling with high employee turnover?

Or are taking proud in an extremely low turnover rate in 2018?

Maybe you’ve yet to learn how to calculate your company’s employee turnover rate?

Either way, these statistics will help you learn more about employee turnover and provide an important benchmark for evaluating your company’s employee turnover statistics.

7 key employee turnover statistics

Here is the list of the 7 key employee turnover statistics:

Employee turnover statistic #1

  • According to Gallup, 51% of employees are considering a new job.

Employee turnover statistic #2

  • A report from the Center for American Progress found that turnover can cost organizations anywhere from 16% to 213% of the lost employee’s salary.

Employee turnover statistic #3

  • Future Workplace and Kronos study has found that 87% of employers said that improving retention is a critical priority for their organization.

Employee turnover statistic #4

Employee turnover statistic #5

Employee turnover statistic #6

  • MRINetwork has found that 72% of candidates are driven by career advancement opportunities which are the number one reason why people change jobs.

Employee turnover statistic #7

Companies that offer remote work experience 25% lower employee turnover, according to OWL Labs.

Infographic: Employee turnover statistics

Here is the infographic with the top 7 employee turnover statistics:

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Developing A Proactive Crisis Management Plan

Developing A Proactive Crisis Management Plan

Reputation

Since the arrival of platforms like blogs and social media, brands have been granted many more opportunities to be transparent, authentic, and accessible to their audience. The capacity for instantaneous communication, however, have also created spaces in which negative narratives can spin out of control faster than ever before.

While no brand ever intends for something to negatively impact the online reputation of its business, it’s still crucial to have a contingency plan in place. 59% of businesses will encounter a crisis at some point in their lifespan, and the after-effects can continue to plague their search results long after they navigate through it.

How To Manage a Reputation Crisis for Your Business

Preparation is key in mitigating future problems, so it’s worth taking the time to develop an actionable crisis management plan with your brand’s key stakeholders and communication experts before a crisis strikes. Forming a crisis management plan drastically reduces the probability that an erroneous or negative article will rank in your top search results long-term.

Engage With Your Customers

According to a study conducted by global advertising agency Havas, consumers are more likely to support companies that take the time to engage with their audiences. Make sure you know where people are talking about you, and keep track of what’s being said. It’s easy to focus on one platform or a single negative article and lose sight of the big picture as it relates to your brand.

Engaging with your audience through social media has many benefits, but it’s important to go about it the right way. It’s impossible to foresee every scenario, but there are a few things to keep in mind when attempting to strike the right balance.

  • Always be mindful of tone and context when posting.
  • Respectfully acknowledge and reply to complaints and criticisms of your business online, don’t avoid them.
  • Promote your brand, but don’t overdo it.

A recent study found that 85% of respondents needed to see a product or service more than once before deciding to purchase it, but that 58% were annoyed by too many promotional messages on social media.

For more tips on how to prepare for a crisis – and weather the storm if you find yourself in the midst of one – check out the following guide:

The 4 Pillars of Crisis Management by Reputation Management | The HR Tech Weekly®


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Etiquette

Professional Etiquette For Jobseekers And Recruiters (Infographic)

Professional Etiquette for Jobseekers and Recruiters | Main Image

To be on your best behavior is always important, but good professional etiquette is more essential and more critical when one is looking for a job or a new talent for a company.

For job seekers, failing to create a positive and lasting impression during the initial assessment can hinder their chances of moving forward in the hiring process.

For recruiters, even the slightest mistake during the hiring process could cause them to potentially lose a valuable candidate.

Keeping up to date with the overwhelming amount of job search trends, hiring protocols and interview practices can be very stressful. Also, these trends may quickly change. In this infographic, we listed down the rules that will forever matter.  Rules that job seekers and recruiters have to keep in mind during the whole hiring process.

So, good professional etiquette is important during hiring process. Learn some rules that jobseekers and recruiters have to keep in mind with this infographic by Phil. Exeq Search Solutions.

Professional Etiquette for Jobseekers and Recruiters | Infographic by Phil. Exeq Search Solutions


Source: Professional Etiquette For Jobseekers And Recruiters (Infographic)

Statistics

Hiring Statistics You Need to Know for 2017 (Infographic)

Statistics

While we are aware that the job landscape is always changing – with new technology, automation and outsourcing removing jobs, and new startups popping up everywhere you look – it’s sometimes hard to see the big picture. But, as a hiring manager or even business leader, it is important to know where the industry is headed. Background check company, EBI, has put together a list of 60 hiring statistics that are important for every HR professional. Looking at everything from the hiring process to gender and diversity breakdown in the workplace, it paints a telling picture of the issues HR professionals face every day.

You can see the highlights in the infographic below:

Hiring Statistics You Need to Know for 2017 | Infographics by EBI


Source: 60 Hiring Statistics You Need to Know for 2017

White Chalkboard Writing | Social Media

6 Social Media Behaviors to Avoid in 2017

As of January 2017, Social Media has garnered over 2.8 billion active users worldwide, making it one of the largest congregations of the world’s population. This has made social media become a premier platform for businesses and marketers to extensively conduct their marketing plans. In fact, ignoring the impact that social media has on today’s marketing trends and strategies is a surefire way to see your business lose a good chunk of the audience that it could’ve had.

As an avenue that promotes the freedom of expression, it can be quite easy for brands to be the voice of the population given that they have the courage to project a relatable personality – like how Wendy’s has been known for in recent months – but it’s also just as easy to turn away audiences and make them skip to the next competitor. A big factor that should be taken into consideration for an account’s obscurity lies in the mistakes that they may have committed with their online presence.

Social Sprout’s survey of more than a thousand Facebook, Instagram and Twitter users found that there are six major social media mistakes that anyone – businesses especially – that can be prone to committing at any given point when you become complacent or careless with social media. They can result to you losing followers quickly.

Of course, this does not mean that committing any one of them is a signed deal into the land of obscurity for your business’ social media, but it’s still important to realize that they may, given the right amount of persuasion over repeated mistakes, decrease in time due to these mistakes.

Here are the key takeaways from this infographic by CJG Digital Marketing on the six mistakes to avoid for social media this year:

  1. Having too many promotional messages
  2. Posting irrelevant information
  3. Tweeting too much
  4. Using slang/jargon awkwardly
  5. Being too quiet
  6. Not replying to messages

Learn more by checking out this infographic by CJG Digital Marketing:

6 Social Media Behaviors to Avoid in 2017 | Infographics from CJG Digital Marketing


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SD Worx Research Survey Infographic | Excerpt

The Great Salary Swindle: 44% of European employees have been paid late

-        79% of employees who were paid incorrectly identified the issue themselves

-        Of those that were paid late, 88% perceived their employer negatively

-        Around half (44%) of all respondents would consider leaving their job after being paid late

Today SD Worx, the global HR and payroll service provider, revealed that out of 4,000 employees surveyed, 44% had been paid late by their employers and 48% of those that had been paid late had also been paid incorrectly. The survey also revealed that 79% of employees that had been paid incorrectly identified the issue themselves and, on average, 44% respondents would consider leaving their jobs (41% in the UK) after been paid incorrectly, with 55% of German respondents considering leaving, and only 30% of French.

SD Worx conducted an independent online survey amongst employees in six different European countries, the UK, France, Austria, the Netherlands, Switzerland and Germany, to measure their opinions and experiences of receiving delayed and incorrect payment. The survey targeted employees working in organisations sized between 10 to 10,000 employees who had experienced a delay in payment from their employer, finding that employees in the Netherlands were most likely to be paid late (55%), followed by Germany (46%).

The delay in payment caused a predominately negative perception of employers from the employees that SD Worx surveyed. The majority (varying from 80% in Netherlands to 93% in Switzerland) of employees who experienced payment delays felt their perception of their employer had a ‘slight negative’ to ‘highly negative’ impact. In addition, surveyed employees thought that the reason for their late payment was predominately down to poor management (61% of UK respondents) or financially unstable employers (on average 33% in all countries).

Jan Van Mol, Head of Global Alliance at SD Worx, commented: “The results of this survey are shocking in regards to the impact that payroll error has on employee engagement. An increasing number of employees are becoming actively disengaged in their workplace due to late or incorrect payments, something that employers need to fix to ensure that their employees are have high morale and trust in the workplace”.

Alongside whether employees were paid late, SD Worx also asked whether employees had been paid incorrectly. The survey found that of the 44% that had been paid late, a total of 48% had also been paid incorrectly. Among those respondents, the UK is most likely to be paid incorrectly at 61%, with the Netherlands in second at 55%. Of the respondents that were paid late, over 80% of all employees (other than Austria) found the issue and notified their employer themselves.

The reasons for delayed payment varied for each country, with the main two reasons being “Late third-party payments impacting cash-flow” and “System error or outage”, combining for around three-in-five (57%) employees in all countries. In Austria, late third party payment was the cause of delayed payment for 50% of employees.

On average, employees experiencing a delay in payment were delayed between one-and-a-half and two weeks in all countries, except in Austria where the average delay was around three weeks. Payroll and HR is often overlooked as an essential aspect of an organisation, but SD Worx’s survey results emphasise the importance of ensuring that employers are paying their employees correctly.

SD Worx Research Survey Infographic

SD Worx Research Survey Infographic

About SD Worx

As a leading European payroll and HR services provider, SD Worx provides a wide range of solutions to customers worldwide including payroll and HR, legal support, training, automation, consulting and outsourcing. Today, more than 63,000 large and small organisations across the globe rely on the more than 70 years of expertise that SD Worx has acquired.

SD Worx’s 3,900 employees operate in ten countries made up of Belgium (HQ), Austria, France, Germany, Ireland, Luxembourg, Mauritius, the Netherlands, Switzerland and the United Kingdom. SD Worx calculates salaries for about 4.25 million employees and recorded in 2016 a turnover of €397 million. SD Worx is the co-founder of the Payroll Services Alliance, a global strategic network of leading payroll companies whose members jointly handle 32 million salary calculations.

More information: www.sdworx.com

Media enquiries:

Leah Jones, The CommsCo, ljones@thecommsco.com, 07876117760

Cindy Berichon, SD Worx, cindy.berichon@sdworx.com, 07767004356

Recruitment vs. Strategic Talent Acquisition – Which Is Better? (Infographic)

Companies that are expanding or looking to fill on some key vacant positions – be it large companies or even smaller firms – face a rather pressing issue: the difficulty that arises with needing to find the right applicants that can meet the requirements for their vacancies. And although technological advancements have given recruiters the opportunity to connect with job seekers more easily (such as job-seeking websites, Facebook opening up job recruitment format for posts, etc.) it still remains that the goals of the business are not adequately addressed in most cases.

However, there are two hiring concepts that many business owners use, and yet they are both often mixed up with each other by applicants and business owners themselves – recruitment and strategic talent acquisition.

While they may be the same at first glance, there are key distinctions that lie between the two of them that business owners and applicants should learn and keep in mind in order to find the method that they should be exploring or looking out for. This way, there is no mismatch between the recruiters’ and applicants’ goals and the whole process can be much smoother for both parties.

Learn more about how recruitment and strategic talent acquisition are different and what method should your company consider with this infographic by Phil. Exeq Search Solutions.

Recruitment vs. Strategic Talent Acquisition – Which is Better? (Infographic)


Source: Recruitment vs. Strategic Talent Acquisition – Which is Better? (Infographic)

Benefits Of Working From Home | The HR Tech Weekly®

Benefits Of Working From Home

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Working from home is not an easy walk. It’s different from what other people think about a remote worker. It requires more discipline and responsibility, more self-motivation, self-engagement, and self-control. It gives you less freedom while many think opposite. And finally it may give you more working hours in fact with an early start, later end and less breaks.

So, why a lot, lot of people make their choices for working from home? Why companies tend to hire remote workers? What benefits it gives to both sides? How it is influenced by the economy and technology? What is the best way to organize the remote work both for employers and for employees? A lot of questions…

Gig-economy or on-demand economy and digital technologies give people new exciting opportunities, from one hand, and determine their choices from the other one. Relations with remote and contingent workers and organizations became more contractual, more entrepreneurial, and more like with the third parties before the world of work has changed.

Modern HR technologies allow organizations to keep people engaged, stay connected, let them feel on board and be a part of the team while staying miles away. But it’s harder than just control over the process and results. It requires new hard and soft skills from HR and line managers.

The new infographic from Nucleus gives us an overview on a phenomenon of the remote work as well as some insights about new challenges for managers and workers, and technologies that could help to organize it better.

Nucleus Smart Office Solutions


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NCC Home Learning | The HR Tech Weekly®

Simple Steps to Subside Stress

Performed by NCC Home Learning.

What Is Stress?

Stress is something we have all heard of and may have also experienced at home or at work. We assume that stress is a bad thing but it can also be an important factor in driving us forward.

What is stress?

Without stress, humankind would not have survived. Cavemen and women needed stress to alert them to possible danger.

Stress is a physical response. When the body is under attack it switches to fight or flight mode. This causes a mixture of hormones and chemicals to be released, preparing the body for physical action. This causes several reactions, including blood being diverted to muscles and shutting down unnecessary bodily functions, such as digestion.

In other words, we gain a rush of energy, preparing us to either fight the danger or run from it. The heart pounds, breathing quickens and we focus our immediate attention on the situation.

In the modern world, we may no longer be pursued by predators like our cave-dwelling ancestors but there are still plenty of times when a stressful situation needs dealing with, such as a pedestrian stepping out in front of your car.

The challenge with stress is when our body goes into stress at inappropriate times. When blood surges to our muscles preparing for fight or flight, brain function is minimised, leading to the inability to ‘think straight’.

This hinders us at work and at home. If we stay in this stressed state for long periods, it will eventually be detrimental to our health. And this is when stress turns bad.

What causes stress?

Triggers differ from one person to another, although there are commonalities. Many people name money – usually lack of – as the main source of stress in their lives, followed by worries over health and relationships.

For many people, stress is linked closely with work, with the feeling of being overloaded and overburdened as being the main source of their stress.

How many people suffer from stress?

It is difficult to get a complete and accurate picture of how many people in the UK suffer from long-term, negative stress.

This is because there is still a stigma attached to stress. At one time, it was commonplace that anyone seen to be suffering from stress was perceived as weak. Slowly, attitudes are changing but many employees are still not ‘admitting’ to their employers when they take time off due to stress, telling them that it was a physical illness instead.

Surveys and research findings however, all point to long term stress as having a significant impact. 1 in 4 people admit to feeling stressed, with a quarter of those surveyed admitting that they had been feeling this way for a year or more.

What effects does stress have on your health?

Long-term, negative stress can impact on your health in many ways;

  • Headaches
  • Upset stomach
  • Raised blood pressure, sometimes to dangerous levels
  • Chest pains
  • Trouble sleeping
  • Depression

What is the impact of stress on personal and work life?

Stress doesn’t only affect someone physically and emotionally – it affects personal relationships too.

Many people who are stressed present a negative attitude. They can be irritable which places relationships under stress. Many people take time off work, unable to face another day of stress at work.

How does stress affect business?

For employers, stress is a hidden issue and one that they are concerned to deal with. This includes ensuring that employees have opportunities to discuss issues that may be causing them concern or stress at work.

Stress is the cause of millions of lost working days every year which has a detrimental effect on a business. Many employers are keen to take steps to reduce the impact of stress on their staff and thus their business.

What are the techniques to relieve stress?

There are many techniques that you can use to release stress at work and at home. As stress is a very personal issue, the methods and techniques that work for one person, may not work for another.

However, experts agree that the first step is identify what stress is that person, and to identify the cause or triggers to a stress reaction.

The ‘Managing Stress Programme’ from NCC Home Learning is for those students who wish to understand the principles of stress management and how to include these at work, or any situation that causes stress.

Like all our courses, this can be studied from home or at work, giving you the freedom to complete your studies in your own time and at your own pace.

[INFOGRAPHIC] Simple Steps to Subside Stress | by NCC Home Learning

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15 Stress-Busting Jobs to Kickstart Your Career

15 Stress-Busting Jobs to Kickstart Your Career

15 Dream Jobs that Pay Well and are Low in Stress

Are you looking for a low-stress job that does not require you to compromise on the money you bring in home? Well, you are in luck because we have just the thing for you! The below infographic from Quantum Binders is a treasure trove of information when it comes to dream jobs that rank low in stress, rakes in the big bucks, and can get you well set on the path to success. While some of the jobs on this list may require you to get advanced degrees, a Bachelor’s degree from an accredited institution and some previous work experience are all you require in most cases.

About the Author

Toby Dean works on behalf of Quantum Binders in content creation and marketing. He creates engaging graphics and content that help businesses stand out from the crowd. Over the past 7 years has worked with dozens of SME’s in both an agency and freelance capacity.


Source: 15 Stress-Busting Jobs to Kickstart Your Career – Quantum Binders Ltd