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The Right Way to Cut Costs

HR Digest

Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages. Additionally, leveraging technology can enable collaboration and virtual meetings, reducing the need for physical meeting rooms. Another option is to outsource certain tasks or functions to external providers.

Cost 105
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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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Playing the Long Game: The Employee Retention Process in HR

HR Digest

While it can feel like a localized issue, such market changes are just as possible in U.S. Establish Effective Recruitment Strategies and Onboarding A big reason for high attrition rates is the hiring of candidates who are not suited for the organization. industries and it emphasizes the importance of the retention process in HR.

Process 59
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How HR leaders can deliberately shape their worker-employer relationship?

HR Digest

1] Organizations that are able to build a sustainable and differentiated worker-employer relationship will be able to stem attrition, traverse shifts in marketplace conditions, and thrive not just through the pandemic, but future disruptions as well.

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Key HR Trends for 2022 and Beyond

HR Digest

Today, some of the largest, most successful companies, such as Alphabet, Apple and Microsoft, are scaling up use of data science, recruiting experts in organizational psychology, and expedite their digital transformation to deploy technologies like AI and ML in the workplace to improve their people analytics. AI & Machine Learning.

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. Typically, Finance, Marketing, and Operations all have input, direct or indirect, on the creation and revision of the strategic plan. I call this obstacle The Disconnect.

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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.

Tips 119