What Is the Business Case for Skills-Based Volunteerism?

Aug 24, 2017 7:55:39 PM / by Saumya Bhatnagar posted in Skills Based Volunteering, Reducing Employee Turnover, Employee Engagement

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Every couple of years, business trends tend to change, and the majority of them are caused by the changes that technology has brought. Many businesses now give their best to create powerful communities around their brand, to ensure high customer retention.

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Top 5 Employee Retention Strategies

Apr 14, 2017 5:41:58 PM / by Involvesoft Marketing posted in Employee Retention, Volunteering, Employee Engagement

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Training, company culture, employee retention, employee recognition; these are just some of the many terms that are swamping around the concept of employee engagement. Many sources out there will try to sell you information and tell you that employee engagement is a mysterious space that requires a lot of knowledge and attention. I’m not here to feed you a shameless plug. I’m here to tell you that a significant portion of the information out there is complete garbage and that you can improve your employee retention strategies with little to no investment(s). The best part is, you can start implementing these tips today.

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Why You Need Employee Retention Programs

Mar 31, 2017 7:04:57 PM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Retention

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It’s 2017, which means if you don’t have an employee retention plan you may be headed down a long and challenging road of high turnover and unfulfilled employees. By 2020 it is expected that 60% of the workforce will consist of Millennials. Due to the Millennials’ values and beliefs, traditional workplace environments will have a hard time retaining, and even recruiting young talent. Millennials naturally want to feel valued and connected to a company that has a clear vision to make a positive impact. Millennials are often considered as a lazy generation to the ones before it. However, what sets Millennials apart, from any other generation, is that they are the age of collaboration. Millennials love to collaborate with one another on meaningful work. Work that gives them the freedom to choose the best direction for the company they work for. People want to feel that they are apart of a team, not just a regular employee.

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Improve Employee Retention by Bringing Your Dog to Work

Mar 24, 2017 6:48:56 PM / by Involvesoft Marketing posted in Employee Engagement, Employee Retention, Reducing Employee Turnover

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Challenges with a Pet Policy at Work

There’s a saying that says you can’t please everyone. This goes for pretty much any individual, especially employers. As an employer, one of the biggest challenges you can face is making your employees feel as if they bring value in a workplace environment. After all, what’s the key to improving employee retention? Making employees love where they work. By 2020, approximately 60% of the workforce will consist of Millennials. As an employer, this can either be a good thing or bad thing. For those that stick with traditional workplace values, turnover rates may become a problem. But, what about those companies that decide to evolve as the workplace evolves? Well, they’re in for a treat. Companies that truly understand the values that Millennial’s possess will notice that retaining employees will become easier than ever.

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The Roadblocks in Reducing Turnover and its Costs

Feb 28, 2017 10:12:49 AM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Retention, Employee Engagement

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Roadblocks in Reducing Turnover Infographic

Obstructions in Reducing Turnover

You’ve heard the positives and the negatives of turnover rates. You’ve probably even been curious on how it can affect your business. Most of the time businesses don’t speak about the true costs of employee turnover. In fact, the cost is largely hidden. The expenses don’t show in your loss and profit statements, and they are virtually hidden when it comes to company budgets. So how is this mysterious entity actually causing you harm?

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Reducing Employee Turnover Rates in the IT Industry [INFOGRAPHIC]

Feb 16, 2017 5:55:17 PM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Engagement, Employee Retention

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The Cost of Employee Turnover

The Cost Employee Turnover Rates

Technology’s influence in managerial, financial, and operational practices becomes more evident day by day. The impact of losing top Information Technology (IT) talent can easily translate into an added cost ranging from 50% to 150% of that person’s annual salary. Human resources have the uphill task of reducing their employee turnover rates for in-demand professionals covering programming, analysis, tech-support, technicians, admins, and project management roles.

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The Average Cost Of Employee Turnover

Feb 14, 2017 7:58:26 AM / by Saumya Bhatnagar posted in Reducing Employee Turnover, Employee Retention

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Financial Factors and Beyond

Replacing employees is expensive. Forbes reported the replacement cost of millennial employees as $15,000 to $25,000. However, the average cost of employee turnover is not felt like other costs. No one sends your company a bill for $20,000 when an employee terminates. This cost accrues through recruitment, training, and lost productivity. There are additional factors beyond the financial that make up the average cost of employee turnover which we will discuss today.

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How to Calculate Employee Turnover

Feb 10, 2017 5:28:50 PM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Retention

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Calculating Turnover Rate and the Millennial Paradigm

As Millennials begin to flood the workforce, companies can no longer rely on traditional business practices. Millennials are a group of individuals that are foreign to a traditional work environment. They tend to enjoy their work, rather than slaving away for a salary. Because of this mentality, it’s important for new companies, and existing companies, to begin implementing good business practices. Failure to do so can result in current employees leaving their jobs, or even potential employees from making a decision. Turnover rates can be a tricky subject. Not because the concept is hard to understand, but because they’re many different factors when it comes to calculating it. It's important to understand how to calculate employee turnover.

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Employee Turnover Costs: 4 Overlooked KPIs To Measure In 2017 [INFOGRAPHIC]

Feb 3, 2017 3:50:02 PM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Retention

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Employee Turnover Costs Infographic

Variables to quantify employee turnover costs

Numerous industries and verticals face massive challenges when it comes to retaining their top talent, and reducing employee turnover costs of their organization. Although, having a certain level of turnover is healthy in terms of gaining new talent insight, and maintaining an innovative culture. Note that a the typical Human Resource manager is far from quantifying the average employee turnover rate.

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Innovative Ways To Reduce The Cost of Employee Turnover

Jan 29, 2017 6:45:20 PM / by Involvesoft Marketing posted in Volunteering, Reducing Employee Turnover, Employee Engagement, Employee Retention

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How To Properly Reduce The Cost Of Employee Turnover

You know how they always say the way to find a smart person is to see what their IQ score is? Well, I’m here to disagree with that statement. In fact, I believe that a person’s EQ (emotional quotient) is far more important, especially when it comes to a workplace environment. Understand that in order to effectively bring the cost of employee turnover down, you must hire individuals with a high EQ. This will allow for a workplace where everyone genuinely cares for not only one another, but also for the company they represent. Think about it. If you were not as like-minded as your co-workers wouldn’t it make you feel like you have no connection with your peers? If you have no connection with your peers how do you expect to create a connection with a company? You see, it all ties to one another. Articles elsewhere will tell you that you need to hire the smart ones that know how to do their job right. Or that you should pay your employees more so they’ll stay. Let me break down exactly what you need in four simple words, team building through engagement.

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