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Team Bonds Can Secure Loyalty Among Gig Workers

The Horizons Tracker

The high attrition rate among gig workers, such as over 60% of Uber drivers leaving the platform within the first six months, has led to problems of low engagement and employee retention. Additionally, drivers who were randomized into teams during the experiment earned 6% more revenue two weeks after the contest was over.

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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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Study: Smaller Teams Perform Better Than Bigger Teams

HR Digest

Teams that have interdepartmental interactions do better. Individuals and teams with ‘skin in the game’ (some kind of monetary investment) do better. Incentives, rewards or any other offers, though effective, need to be aligned and balanced for better organizational outcomes. SJTs also reduce attrition rates.

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The Big Stay Phenomenon Prompts Low Attrition Rates in 2024

HR Digest

The workforce stability trends are a good sign and low attrition rates in 2024 have made more than one employer happy, but these numbers may not be as permanent as many hope. The study shows that attrition rates across industries are falling fast and employees are no longer job hopping.

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Can Your Sales Team Actually Achieve Their Stretch Goals?

Harvard Business Review

But too often it’s because the management team set the goal too high in the first place. Unrealistic goals dampen sales in the current incentive period. If the percentage making their goals in each of the last several incentive periods is near the benchmark, your goals are probably realistic. Use diagnostics.

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The Best Way to Network in a New Job

Harvard Business Review

We started by tracking people joining companies with employee bases ranging from a few hundred to more than 40,000 people and pairing their progress in making social connections with monthly attrition data. You and Your Team Series. Networking. 3 Simple Ways for Women to Rethink Office Politics and Wield More Influence at Work.

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Why Individuals No Longer Rule on Sales Teams

Harvard Business Review

To foster it, they often give sales its own learning and development team, recruiting specialists, compensation plan, and management and IT systems — but now they’re finding that those differences can hinder success as much as they support it. On the most effective sales teams, particularly B2B, the individual no longer reigns supreme.

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