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Innovative Ways to Improve Employee Retention

HR Digest

The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. Employee Retention Strategies to Decrease Staff Turnover Rates Employers need to focus on fostering a positive work environment as a step in managing attrition.

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Is Money More Important Than Meaning In Our Work?

The Horizons Tracker

Although having a job that means something to you is important, it seems that money talks louder when people consider their career options and their current jobs. This results in high attrition rates, which further exacerbates the problems for those who remain, and the vicious cycle continues.

Attrition 122
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Why 50% of American workers want to make a career change

HR Digest

A recent Washington Post-Schar School poll noted that one-third of workers under the age of 40 are now considering switching careers or changing industries since the pandemic. Historically, people looked to switch careers for a beefier paycheck, better benefits, more opportunities, among other reasons.

Career 98
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When Do Scientists Reach Their Peak?

The Horizons Tracker

This was reinforced by a recent study from Ohio State University, which showed that scientists were generally most creative in the first flushes of their careers. Indeed, the study found that the impact of one’s work seems to drop by up to two-thirds over the course of our career.

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May 2021 Leadership Development Carnival

Lead Change Blog

In the workplace, this manifests as low engagement, high attrition, bullying, toxic culture, harassment, lack of psychological safety and stifled communication. Julie Winkle Giulioni shared What Does a Career Look Like Today ? The same is true for your leadership career. Getting to know them will propel your career forward.

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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work.

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Enabling Growth: Promotions Are So Yesterday

QAspire

As attrition soared amidst pandemic, companies had to initiate short term measures to retain their best talent which included tactics like special salary hikes, off-cycle pay outs, work-from-anywhere options and offering special learning opportunities. That day, Jay wanted to explore the ways he can grow in his career.

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