Employers who think their people leave for more money: 89%
Employees who actually do leave for more money: 12%
What a disconnect!
Are there really persuasive phrases that work like magic? Even with those difficult-to-deal-with people? Yes, there are. And, there’s one that is perhaps the most powerful and effective of them all.
You are proud your company is now “fully compliant”. So, what? Any HR compliance expert that assures you that basic compliance efforts are enough to keep a company out of trouble and its employees productive would undoubtedly, be lying to you.
Hiring a boomerang employee has one of the highest returns on recruiting investment an employer can ask for. The cost to re-hire a boomerang employee has been reported to be 1/3 to 2/3 the cost of hiring a “virgin” employee.
Just a few years ago, using the axiom “time heals all wounds” and boomerang worker in the same sentence would seem so… contradictory.
In a recent whitepaper drafted by icims, they concluded that employee engagement and retention is emerging as the greatest challenge facing leading organizations’ Talent Management initiatives.
Similar to past periods of economic instability, executives are currently focusing their attention on the financial aspects of the organization rather than the workforce.