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billion by 2028 at over 10% compound annual growth rate. How to get the most out of your HRIS data Beyond easier workforce administration, HR departments can (and should) leverage their HRIS data to create more proactive talent management and retention strategies. Companies spend 15 weeks selecting an HRIS, on average.
million positions empty between 2018 and 2028 – and that was before the Covid-19 pandemic affected industries worldwide. It is a changemanagement challenge that can cause serious organizational issues if it is not properly addressed.
The Great Resignation has made employee retention harder, with 4 million Americans 3 [link] quitting their jobs monthly. Thus, Microsoft’s retention rate increased and now ranks ahead 4 [link] of competitors like Apple and Oracle. Changemanagement President John F. Kennedy once said, “Change is the law of life.
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