Establishing and maintaining strong company culture is a critical component of employee retention. Companies that focus on building a positive company culture have a 40% higher retention rate than companies that neglect this critical management aspect. Wise leaders know that retention for new hires starts before a new hire’s first day of work and continues through onboarding and training. Here are some tips for introducing your new employees to your company culture.
Employment trends expert explains why business growth needs to first begin in the HR department
Scaling your business is something that should be on every employer’s mind right now. Increasing your revenue while keeping team expenses stable is one of the most important tools for longtime profit. But when scaling your business, it’s important to consider how to sustain growth from an HR perspective as well as from a revenue perspective.
In today’s market, every company has aggressive goals for growth, whether growing the business internally or through a merger. Typically, business owners approach scaling as solely revenue-based. That can mean that HR becomes an afterthought in your strategic plan. But the truth is that having a plan for scaling your HR as your business grows is vital to the success of growth overall.
On this month’s HR podcast Rob, Scott, and Jason cover LGBTQ workplace issues. They discuss historical events, workplace discrimination, diversity and inclusion training, company policies and handbooks, anonymous employee surveys, and more. They also touch on some of our next podcast talking points – from inflation and job market changes to the HR side of being in a recession.
Contact us with any questions you may have, we’re here to help: hr@employco.com
For many organizations, remote work is here to stay. But for teams working on a primarily or totally remote basis, building relationships and maintaining ties between workers can be a real challenge, especially when team members are scattered across state or international lines. Here are five tips to help keep remote workers engaged.
Use Technology to Stay Connected
Technology is vital to maintaining connections with remote workers. Applications like Microsoft Teams and Google Office Suite make it possible for teams to collaborate in real-time even when they are located across hundreds or even thousands of miles. However, studies show that too much time in video conferences or working online in front of a screen can lead to burnout. According to a report from Monster, 69% of work-from-home employees are experiencing burnout. The key is to balance real-time virtual meetings with online documents and video recordings to maintain a balance and minimize the risk of burnout.
In this video, Rob and Jason discuss a current 4-day workweek study that is being performed overseas. They cover details on the trial, productivity, long term effects, burnout, stress, attraction and retention, employer and employee points of view, and more.
Questions? We’re here to help: hr@employco.com
Several state and local governments have set the minimum wage to increase effective July 1, 2022 (click the image for the full report):
Check out the following links and PDFs to help you navigate current state and local legislative updates.
While employees continue to quit their jobs at high levels, it no longer appears that massive numbers of workers are leaving the workforce entirely. Economists have begun referring to the situation as the “Great Reshuffle” as total employment in the United States continues to trend up. Employees have been finding better jobs, with key decision factors generally revolving around compensation, benefits, career advancement and workplace flexibility.
Here are some common strategies employers can explore when it comes to attracting and retaining workers in today’s labor market.
The U.S. Bureau of Labor Statistics (BLS) recently released its April Job Openings and Labor Turnover Summary. This month’s reported number of employee quits fell from a record high of 4.5 million in March to around 4.4 million in April. April marks the eleventh consecutive month that more than four million workers left their jobs.
Despite the slight decrease in total employee quits, the April report reveals that the employee-quit rate held at 2.9%. Industries like real estate and rental leasing saw a slight increase in employee quits while state and local government education decreased somewhat.
66% of those looking for new jobs consider company culture and values to be an important factor when considering an organization and most successful companies have a strong company culture. Company culture is the shared values, mission, ethics, and expectations of an organization. It affects every part of your organization from leadership styles to goals and expectations, the work environment, communication policies, and even branding. It is evident in how decisions are made and how employees interact with each other and your customers. Here are four things to consider when building a strong company culture.