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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
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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
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Skills necessary to compete in rapidly evolving markets

Strategy Driven

It refers to preparing to compete using familiar techniques, against competitors you’ve faced before, in the same markets or industries, only to discover that the rules have changed. In these market battles everyone eventually loses, because quality, customer service and margins fall. You’ve heard the saying “fighting the last war”.

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Key HR Trends for 2022 and Beyond

HR Digest

More than a hundred years ago, Frederick Taylor’s Scientific Management laid the foundations for modern human resource management. The rise of SaaS and cost-effective HR tools and technologies has helped HR professionals properly measure KPIs and employee performance. By 2022, VR in enterprise training market is estimated to peak $6.3

Trends 116
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The Disconnect that Keeps Your Company from Performing at its Peak

Strategy Driven

These executives tell me frankly that they don’t have the revenue stream, the market share, or the margins their products and services deserve. Sales are considered an ending point, not a vital resource. But that familiarity carries a steep cost: slow growth, missed targets, attrition, and unfulfilled potential.

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Align the Scales Correctly for a Better Work-Life Balance

HR Digest

But this is not the only reason why companies have started encouraging a work-life balance: Retention and Attrition Deloitte found that 42 percent of their respondents admitted to quitting because of burnout. million annually. Learning to say no is an essential life skill and does require practice to get it right.

Tips 119
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The Boomers are Leaving! – How to Create and Implement a Knowledge.

Strategy Driven

Technology has exploded, giving us instant access to information and knowledge, and it all moves and changes so fast that some of what Boomers have learned during their careers may be obsolete. What is the historic attrition and turnover rate and how do these map to the skills that keep you competitive? Who will do this work?

How To 72