When we talk about employee retention, we're talking about the specific length of time a given employee (or group of employees) stays in their job. Here are some facts: Average annual turnover across all industries was 15.7% in 2014. Employee turnover has been gradually increasing every year since 2011. The American Management Association (AMA) estimates the [...]
Hiring based on only skills and experience is a common mistake many businesses make. It’s the section of the resume that recruiters pay the most attention to and often make the most mistakes. We look into how skills and experience are overrated, what the risks are of giving it too much weight, and the other [...]
In this article, we will examine the importance of engineering your hiring process - and how to do it. What is engineering, anyways? In any business it is important to engineer things like products, services, and processes. But what do we really mean when we talk about "engineering" things? Dictionary.com gives us the following definition of [...]
Job Benchmarking Defined Job Benchmarking is the process of creating a point of reference against which a particular job may be compared or assessed. Most human resources departments perform job benchmarking on some level, and this generally precedes the writing of job descriptions. Most of us are familiar with reviewing such job descriptions. They generally describe how the job is done and [...]
Recruitment process biases are detrimental to performance. Having a bestselling product, the most respected brand, the highest reach, or the biggest market share are some of the most desirable goals of any ambitious company looking to extend its profits. However, one of the most under-appreciated metric of a successful company is the retention of their workforce. [...]
What is the difference between applicant tracking and job benchmarking? Simply put, they are two completely different things - apples and oranges. Let's dig into the differences: Applicant Tracking vs. Job Benchmarking. What is applicant tracking? Applicant tracking systems (also known as an ATS) function primarily as a database aggregation tool, enabling recruiters and human resources staff [...]
Company Culture Can Have the Biggest Impact on Your Long-Term Business Goals When a company grows, the company culture needs to evolve with it. Whether it's adding new customers, revenue, employees, executives, or products to your company, the company culture will be important for sustaining growth and high performance. Many executives will often neglect building [...]
