Although buildings, warehouses, product inventory, and other assets may be essential to most businesses, the truth is that no business can survive without a strong workforce. Employees are an organization’s most important asset; and building a productive and engaged workforce is key to lasting success. However, recruiting and retaining the right workers for your organizational […]
New Poll: Employees Leaving Jobs in Search of Higher Pay, Advancement; Express Experts Weigh in on Retention Strategies. Terri Greeno, an Express Employment Professionals franchise owner in Crystal Lake, Illinois, sees a “war for talent” in the job market, and says, “employees are holding all the cards.” “Employees can be selective and can leave due to […]
In a strengthening economy, the ability to retain top talent is the key to maintaining a competitive advantage. However, during times of increased business activity, the competition for star performers becomes intense. According to Express Employment Professionals’ third quarter 2018 Job Insights survey, 66% of respondents reported a “lack of available applicants” as the top […]
Studies show the actual cost to replace an employee is significant. Depending on a variety of factors—including skill level, education, and experience—the total cost of turnover can be as high as 150% of an employee’s annual salary. So, if you assume the average salary in your company is $50,000, then every time an employee leaves, […]
