article thumbnail

Innovative Ways to Improve Employee Retention

HR Digest

The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. Employee Retention Strategies to Decrease Staff Turnover Rates Employers need to focus on fostering a positive work environment as a step in managing attrition.

article thumbnail

Why 50% of American workers want to make a career change

HR Digest

A recent Washington Post-Schar School poll noted that one-third of workers under the age of 40 are now considering switching careers or changing industries since the pandemic. Historically, people looked to switch careers for a beefier paycheck, better benefits, more opportunities, among other reasons.

Career 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

When Do Scientists Reach Their Peak?

The Horizons Tracker

This was reinforced by a recent study from Ohio State University, which showed that scientists were generally most creative in the first flushes of their careers. Indeed, the study found that the impact of one’s work seems to drop by up to two-thirds over the course of our career.

Attrition 122
article thumbnail

May 2021 Leadership Development Carnival

Lead Change Blog

In the workplace, this manifests as low engagement, high attrition, bullying, toxic culture, harassment, lack of psychological safety and stifled communication. Julie Winkle Giulioni shared What Does a Career Look Like Today ? The same is true for your leadership career. Getting to know them will propel your career forward.

article thumbnail

Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Banks now insist on weekend offs, no excessive overtime, and greater use of technology for routine work.

Banking 95
article thumbnail

“I Quit”: Why Employees Quit and How to Retain Them

HR Digest

The most skilled and experienced employees are in constant pursuit of a good career. A high attrition rate is a costly challenge for any business. While sizeable pay packages and bombastic job titles do account for many resignation emails , so do reasons such as stingy benefits and changing career goals. No career growth.

article thumbnail

Enabling Growth: Promotions Are So Yesterday

QAspire

As attrition soared amidst pandemic, companies had to initiate short term measures to retain their best talent which included tactics like special salary hikes, off-cycle pay outs, work-from-anywhere options and offering special learning opportunities. That day, Jay wanted to explore the ways he can grow in his career.

Sharpe 99