article thumbnail

Master your Metrics

Lead Change Blog

Greater meaning comes from understanding what caused customers to buy what we’re selling, and how effectively we applied our resources to deliver our offering. Customer attrition, decline in repeat customers, fewer new customers, decreasing average sales, and margin deterioration are lagging indicators of diminishing relevance.

Metrics 241
article thumbnail

What are the basics of a people strategy?

HR Digest

Without a well-thought-out people strategy, there can be inconsistencies in managing employees leading to human resource (HR) issues and even employee attrition. . Is people strategy and human resource strategy similar? . So, what is a people strategy and what impact does it have on the overall outlook of an organization?

Strategy 119
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seven Ways to Leverage Internal Mobility

The Center For Leadership Studies

How To Engage Your Workforce & Reduce Employee Attrition Each of us wants to know we are valued and bring value. Consider these practical strategies that will both engage your workforce and reduce your attrition. Let’s make it happen.” It could be with someone in Talent Development or Recruiting. What if we don’t and they stay?”

article thumbnail

4 Reasons Why Talent Development Is So Important To Your Business

Lead from Within

If talent development isn’t already among your top priorities, here are four reasons why it should be: It helps you attract and retain top talent in a competitive market. In my own research, I have found that a lack of talent development opportunities contributes to as much as 45 percent of attrition in companies worldwide.

article thumbnail

More Than a Buzzword: Let’s Be Honest About Diversity and Inclusion

N2Growth Blog

Human resource departments are instilling D&I training for hiring managers and discussing their role in hiring diverse employees and creating a culture of inclusion. Most of us are likely familiar with Simon Sinek’s Golden Circle model , which posits that a company’s ‘ why ’ is its most significant differentiator in the market.

Diversity 272
article thumbnail

The Right Way to Cut Costs

HR Digest

In today’s competitive business landscape, it is crucial to optimize resources and streamline processes to drive organizational success. Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages.

Cost 105
article thumbnail

Playing the Long Game: The Employee Retention Process in HR

HR Digest

Amidst their country’s tech talent shortage, HP Indonesia is doing its best to focus on its employee retention instead of acquisition efforts, according to Human Resources Online. While it can feel like a localized issue, such market changes are just as possible in U.S. Image credit – Freepik) Why Is Employee Retention Important?

Process 59