Employee turnover can wreak havoc on your company. For starters, it’s expensive. While exact figures vary by role, industry and other factors, the cost to replace a team member who resigns typically ranges from one-half to two times their annual salary, or more. And on top of that financial hit, morale, productivity, and your reputation [...]
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By definition, transparency is the quality of being seen through or being easy to perceive or detect. Think of a clear, transparent pane of glass. You can easily see and understand whatever is on the other side of it. Now, apply that same concept to communication at your workplace. Although senior leaders can’t share absolutely [...]
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From your first contact point with desired talent, your goal should be not only to hire them, but also to hold onto them for the long term. In today’s competitive job marketplace, a staggering number of employees leave their jobs every year. And the cost of losing them can be equally devastating. For instance, the [...]
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Higher employee retention. Increased productivity. Enhanced customer service levels. And productivity boosts. If your reaction to all of the above is “yes, please!” then employee engagement should be high on your list of business priorities. But, how do you go about not only building engagement among team members but also weaving it into your organizational [...]
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Attracting and retaining top talent is all about relationship building – and relationship building is all about trust. To foster and maintain that trust, consistency in your employer branding is critical. Your cohesive brand message across all touchpoints – from job postings and social media through your website and marketing collateral – will draw in [...]
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As an ever-increasing number of candidates turn to social media to research potential job opportunities, you need to take full advantage of various platforms – from LinkedIn, Facebook, X and Snapchat through niche sites where your targeted audiences tend to gather – as you round out your successful recruitment strategy. Increase Your Reach Effective social [...]
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“Branding is an emotional connection. Make it a priority.” (Beth Rudai, Senior HR Manager, TD Bank) These are words to live by as you continuously improve your reputation among current and prospective employees. To take the concept of employer branding an important step further, also consider this statement by H. Rao and R. Dewar: “The [...]
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As a hiring manager, one of the last things you want is to bring a new employee on board only to have them resign, voluntarily or otherwise, a short time later. The U.S. Department of Labor has estimated the cost of a bad hire at at least 30 percent of an individual’s first-year expected earnings. [...]
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Building a professional network should be ongoing throughout your career. And it’s a critically important tool in your toolbox if you find yourself job searching. So, if you need to step up the pace of your networking quickly, what’s the best way to go about it? LinkedIn and other social platforms are a good place [...]
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Everyone has a bad day now and then. But if one of your employees consistently demonstrates poor performance or a negative attitude or behaviors, it may be time to take action. Difficult team members can lead to a toxic environment for everyone with whom they associate. If left unaddressed, problems around difficult employees may lead [...]
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June 26, 2024
