A well-designed employee benefits strategy will help your organization navigate through an ever-changing candidate market. Attracting and retaining talent in your organization is one of the leading concerns for companies today. Not only is turnover costly, but when talent leaves, it affects the organization’s performance and may make it more difficult to keep other high-performing…
Far too often, organizations focus on financial metrics and return on capital investments instead of truly measuring the contributions made by talented employees. Revenue per employee remains one of the most important but often overlooked business and HR metrics. It’s a direct measurement of how talent is translated into customer value and is a must-have…
Many organizations struggle with long-term skill development and find it challenging to equip employees with the right skills to succeed in their roles. Targeted training can help businesses upskill and reskill employees in the most crucial areas to reduce turnover and help meet the company’s goals. In this article, we’ll be outlining how to implement…
The hybrid working model is redefining the way we work – but also the way managers manage and leaders lead. The sudden switch to remote work forced many of us to become more independent and autonomous. But as many management roles are redefined and as CEOs and companies are required to lead in areas traditionally…
Last updated: November 2021. It’s not hard to see why HR podcasts are so popular. They are easy to listen to in everyday situations that require very little brainpower and a fair amount of time to spare. Think of your daily commute, your weekly ironing session, or your evening run for example. And there is…
Voluntary turnover is a normal occurrence, as employees seek new opportunities or leave because they are unsatisfied with the current role for a multitude of reasons. However, it is still an expensive activity. Consider relocation costs, advertising of a new role, the costs of having a vacant role, the recruiting costs, onboarding, training of the…
Organizational capabilities enable companies to maximize their performance and achieve their goals. Let’s take a look at an organizational capabilities definition, some examples, and how L&D and HR teams can help build organizational capabilities. ContentsWhat are organizational capabilities?Importance of organizational capabilitiesTypes of organizational capabilitiesExamples of organizational capabilitiesHow L&D and HR teams can help build organizational…
Cash isn’t the only way to reward employees. Non-monetary incentives help you keep your people enthusiastic, motivated, and engaged. Let’s dive into the benefits of non-monetary incentives in more detail and explore the top non-monetary rewards your organization can offer. ContentsWhat are non-monetary incentives?What are the benefits of non-monetary incentives?Best non-monetary incentives for employeesWrapping up …
How much does it really cost to hire a new employee? Cost per hire is one of the most used HR metrics and recruiting KPIs. Understanding cost per hire enables you to make more strategic decisions when investing in your recruitment efforts. In other words, it helps in decision-making around the costs involved in the hiring…
HR departments are under increasing pressure to ensure business success through effective HR practices. Lean HR can help organizations improve processes, leading to increased productivity and better performance. What is lean HR and its benefits, and how can you implement this approach at your organization? Let’s have a look. ContentsWhat is lean methodology?What is lean…