As a new generation enters the workforce, there is an even more pressing need to invest in workplace learning and development. As the baby boomer generation moves toward retirement––taking years of valuable expertise with them––millennials are quickly becoming the dominant group in the workforce. In fact, millennials are on track to make up 75 percent of employees by 2020. However, of this vast talent pool, 43 percent of millennials intend to change jobs in the next two years. As the talent market grows increasingly competitive, businesses are scrambling to encourage retention and remediate the effects of high turnover.
When it comes to building a great team, finding top talent is only half the battle. Retaining that talent, whether it’s your entry-level employees or senior management, is extremely important, as high employee turnover is costly and disruptive to other team members. In addition to offering competitive pay and a great culture, making your employees feel valued in the workplace is an important part of retention. However, it can be easy to overlook this for your entry-level employees.
When it comes to performance reviews, new managers can dread them as much as employees. Early-stage managers may have never been involved in a performance review process for direct reports, or perhaps they have but now they need to learn a new system.
It’s officially June and there’s already something to celebrate as the nation kicks off Pride Month. As millions of individuals and allies celebrate the LGBTQ+ community, workplaces are looking for ways to support their employees. From legislative wins to employee resource groups, we’ve come a long way in enabling individuals to bring their authentic selves at work—but there’s still a long way to go.
Company milestones, birthdays, work anniversaries, and fun holidays—there’s always something to celebrate. Who says HR can’t be the life of the party? We’ve put together an employee engagement calendar of some serious (and not so serious) holidays you can celebrate in your workplace.
In this three-part blog series, Namely’s VP of Product, Brian Crofts, and Namely’s HR Advisor, Sneh Kadakia, are stepping back to look at both sides of the performance management spectrum. By uniting product expertise and HR experience, we hope to offer guidance for those tasked with driving a successful performance management strategy.
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If you want to know how your company is doing financially, your last employee survey might be a good place to start. Employee engagement has emerged as a business metric that can make or break other KPIs.
When a startup closes its latest round of funding, three words usually flash in a founder’s mind: hire, hire, hire!
As HR professionals who closely follow performance management trends, one of the biggest questions is: “What comes first when deciding on the right performance management approach for my company? Is it the practice (i.e. what to do), or the tool (i.e. how to do it)?
Depending on who you ask, you’ll get a wide variety of answers. Most of us are still in the process of determining the best solution for our company, with its particular culture and talent pool.
Your performance management strategy may look great on paper, but its success depends entirely on execution. Because managers are the ones driving the process, their commitment is what makes your strategy a hit or miss. Their buy-in and participation are crucial to launching a strong performance management strategy and fostering a feedback-rich culture.