A recent study published by Society of Human Resource Management includes some shocking attrition statistics: Nearly 4 percent of new employees leave their new jobs after a disastrous first day. A significant percentage of new employees quit their jobs within the first 6 months. Half of[…]
SHRM Statistics on Employee Attrition
By Michael Heller Performance Management Jul 29, 2014
The Deloitte Millennial (Generation Y) Survey this year projects Millennials will make up 75% of the global workforce by 2025 – less than 10 years from now. And 78% of business leaders say Millennial retention and engagement is an urgent or[…]
Over the past decade, many US companies have undertaken aggressive acquisition and expansion plans in part due to the slow, but unusually long, expansion cycle. And most of these companies have recognized “acquire and forget” does not yield long-term shareholder[…]
40% of the workforce are Millennials…or will be in less than 3 years. And, that’s a big performance management change that companies aren’t ready for. Before determining how to engage and retain this new generation of workers, it is important[…]
“The 5 Word Performance Review Works Wonders” – Fast Company Magazine
By Michael Heller Performance Management Jun 10, 2014
A fairly frequent issue we encounter is that of the grand and annual performance reviews process, and the system has been made so official that supervisors assume there’s no reason to give performance feedback more than once a year. Employees[…]