Tag: retention

Phantom Ownership: How to Use Phantom Units to Incentivize Star Employees

Businesses often face the challenge of attracting and retaining star employees. It can be tempting to offer star employees ownership in the business to prevent the hardship of losing star employees after investing time, money, and resources into training and onboarding. The main drawback of offering ownership is potentially relinquishing some control in the business. […]

Cool Benefits You Haven’t Tried That Win Talent Wars

Attracting and retaining talent is a crucial element in the success of any business. Human capital can make the difference between a struggling company, an ordinary company, and a truly stellar organization. When competing for talent with other employers, it’s easy for businesses to fall into the trap of thinking the only way to hire […]

Survey Reveals What Employees Want (and Get) From Workforce Education Programs

New research reveals the impact of employer-sponsored education programs. Delivering value for individuals and organizations alike, workforce education drives significant outcomes, from 77% higher retention to 12x more promotions. What are employees saying about their education benefits? A new survey of employees enrolled in workforce education programs reveals a clear message: workforce education is a […]

Best Practices for Managing Employees Working Four-Day Work Weeks

While four-day workweeks have been around as a work model for some time, and other countries have embraced the model, it’s seen slower adoption in the U.S. Interest, though, is growing as companies seek ways to meet employees’ demands for flexible work and greater work/life balance. According to WTW’s Global Benefits Attitudes Survey, the primary […]

Who Do Employees Turn to for Career Advice?

Having trusted internal mentors for employees to turn to for career guidance can be an extremely valuable asset for businesses, particularly when it comes to long-term employee retention and succession planning. A recent report from Enhancy—based on survey data from 1000 respondents—sheds some light on where employees tend to turn when it comes to career […]

The New World of Work: Jobs You’ve Never Heard of, and the Skills Needed to Fill Them

If you’re unfamiliar with the work of carbon accountants, machine learning specialists, sustainability educators and manufacturing process engineers, you have plenty of company. And if “human skills” aren’t already required of your employees, you aren’t alone. But it’s time to get up to speed on both. A seismic shift in the proficiencies needed to fill […]

Non-Skills Benefits of Employee Learning and Development

Hopefully, it’s evident that one of the primary reasons companies spend time and resources on learning and development is to develop and improve the skills of their workforces. While that may be the most obvious benefits of L&D programs, there are numerous ancillary benefits that are often overlooked. Engagement and Retention One of the biggest […]

Workforce Shift: From The Great Resignation to a Great Talent Stagnation

The U.S. workforce is facing a critical moment of talent stagnation, marking a shift away from the disruption of The Great Resignation. Today, employers say they are struggling to fill limited open roles due to a lack of well-qualified applicants, meaning less new talent is coming into the fold. Meanwhile, workers are now looking to […]

Worried About Brain Drain? Focusing on Older Workers Can Help

A recent study from Guild, a workplace education provider, explored what keeps employers up at night. Topping the list of worries business leaders named for 2024 was a loss of institutional knowledge as workers retire, with 82% of respondents citing that issue. That same study found that 93% of the business leaders responding were eager […]

Leaders Leaving the Workforce: Best Practices from Healthcare CEOs

The staffing shortage affects not only the bedside nurse, but also the nurse leader. A new report from AMN Healthcare found that 31% of nurse leaders said they plan to be in a different role a year from now. AMN Healthcare’s 2024 Survey of Nurse Leaders also says that 17% of nurse leaders will look for a new place […]