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Employee Retention: The Key To Driving Cost Savings And Fighting Inflation

Chief Executive

The Power of Retention Many companies spent the last few years offering large financial incentives to employees seeking new positions, driving up the market rate for a wide range of workers. Of course, retention-related cost savings aren’t just from salaries. while improving worker experience, hiring speeds and talent quality.

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Niche Staffing: How to Find and Hire a Specialized Agency

Zenefits

And niche staffing is a possible solution. Businesses that can’t risk hiring mediocre talent or someone unfamiliar with their industry should see what specialized staffing agencies offer and find 1 that’s focused on the kind of workers they need. Pros and cons of niche staffing versus general staffing.

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How to Win the Talent War in 2022: 10 Expert Tips for Today's Job Market

Rhythm Systems Growth

Rhythm Systems works with mid-market companies across all industries, and the #1 challenge we consistently hear holding companies back today is staffing. We learned that winning the talent war goes beyond talent acquisition , hiring practices and employee retention to maintain a sustainable competitive advantage.

Marketing 104
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Top 2022 Employee Complaints and How to Address Them

Zenefits

This article will look at some of the top complaints from employees in 2022, and help companies find constructive solutions to address them. What’s your biggest 2022 HR challenge that you’d like to resolve. What are the top employee complaints of 2022? It can be as easy as ensuring that companies are fully staffed.

Benefits 102
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Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. In 2022, 85 percent of HR leaders said they were redesigning their organization to optimize some variation of fungible talent. What is Fungible Talent? Is this a comprehensive list? Here are two organizations that are reaping the benefits.

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Overstaffing: Why It Happens and How To Avoid It in 5 Steps

AIHR

While the instinct may be to avoid layoffs, this can result in a retention of excess staff, creating a delicate situation that requires careful navigation. For instance, Meta had more than 80,000 staff in September 2022. Regularly update the plan to optimize staffing levels.

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A Guide On How To Calculate The Employee Turnover Rate

Vantage Circle

It will also provide a clear picture of how well your employee retention strategies work. Suppose, on 1st April 2022, your organization had 60 employees. This implies that for the year 2022-23, the employee turnover rate is 13.33%. Suppose, in the month of December 2022, your organization has an average of 120 employees.