BCW Institute

MAY 10, 2022

The next generation of workers is here; Millennials and Generation Z (those born between 1981-1996 and 1997-2012 respectively) are already making a significant impact on the future of work and bring a unique set of characteristics. Increased retention is a key point to highlight here. Develop clear succession plans.

Succession Planning 52

Succession Planning Retention Benefits Inclusion 52

AIHR

SEPTEMBER 7, 2023

It identifies the skills that employees need but don’t yet have to carry out their job or perform certain tasks effectively ( Antonucci, Ovidio, 2012 ). Chipotle’s employment retention rate is 3.5 Organizations can experience gaps in both hard and soft skills. times higher among crew members who are enrolled in the program.

Benchmarking 98

Benchmarking Recruitment Accounts Operations 98

Harvard Business Review

DECEMBER 17, 2013

Consider how the talent exodus is playing out New Zealand: between 2012 and 2013, the country’s researcher headcount (per million of the population) dropped by almost 11% and its ranking in the Global Innovation Index dropped four slots. Yet, as our data made plain, directors said their companies were not doing a great job on retention.

Retention 8

Retention Succession Planning Government Talent Development 8

Vantage Circle

JANUARY 9, 2024

Workforce Planning: Workforce Analytics : Helps collect data about the workforce, analyze them, and transform those into insights on workforce trends that help with strategic decision-making. Succession Planning : Identifies and develops potential future leaders within the organization with the help of workforce analytics.

Software 64

Software Compliance Onboarding Administration 64

AIHR

MAY 17, 2022

For example, a DEI dashboard can show you the status of your workforce in areas including: gender, age, race and ethnicity, salary data, retention rates, neurodiversity, and more. A DEI dashboard can help HR leaders improve their recruiting, hiring, and retention practices, treat all employees fairly and build a more diverse workforce.

Inclusion 98

Inclusion Metrics Diversity Cash Flow 98

AIHR

JUNE 30, 2021

Overall, investing in employee career development and succession management programs help you improve employee retention. A successful succession management model ensures a smooth transition in times of leadership changes and enables organizations to transfer knowledge from one generation of leaders to the next.

Manager 64

Manager Succession Planning Recruitment Onboarding 64