Lianne S.’s Post

Reading the CIPD Spring 2024 labour market outlook, it validates some thoughts I’ve been having recently about retaining existing employees. We all know the old saying “it’s costs more to replace than to retain existing” however there are more and more companies unable to retain staff, and the costs of rehiring reduces the value they can deliver to their existing staff. Budgets… :( I’ve spent the last 10 years or so in multiple roles involved in employee engagement, leadership roles and change management roles. And it’s all the same, under invest and increase workload of existing employee’s. The report shows that 36% of businesses are increasing responsibilities of existing employees because they’re finding it hard to hire. 2024 is the year to invest, listen and connect with your employees, it’s a lot more than a pizza on a Friday or a one time yearly survey with no action or change afterwards. I’d love to hear what you’re doing to connect with your employees currently? And what you’re doing to retain good employees? Helen Marshall thanks for sharing this this morning, it was a great read!! https://lnkd.in/dZJi37mS

"Organizations will likely continue to have difficulties attracting and retaining workers, resulting in increased labor costs as they raise wages and offer competitive benefits to attract talent." Have you taken a fresh look at your employee benefits lately? #attractandretaintalent #hr #humanresources #laborcosts #laborforce #jobgrowth #laborforce #workforceplanning #compandbenefits #compensationandbenefits

Interesting read if you get a moment today 👍

The latest Job Openings and Labor Turnover Summary (JOLTS) from the Bureau of Labor Statistics, released on June 4, showed that the quit rate for all industries remained at 2.2% for the sixth consecutive month. Advice for HR. While employees may be staying put, it is recommended that companies use this quiet time to invest in them. #employeeretention #hrnews #HROResources

Nuance is key to reading May’s jobs report Read here: https://rpb.li/MTomQ #HR #humanresources #humancapital #careers #consulting #futureofwork #talent #talentoptimization #atl #atlanta #atljobs #atlantajobs #jobsreport

A look at the role of college degrees in the labor market—only on The Table. #thetable #kellyOCG #workforcesolutions #HR #TA #humanresources #procurement #talentacquisition #workforceexpertise #skillsbasedhiring #college #technicalcollege #skilledtrades #talentpools #recruiting

In the era of the #GreatResignation, understanding salary trends and talent management is crucial. Job hoppers have seen a pay increase when switching employers, but this trend is slowing due to rising unemployment. As an HR professional, balancing recruitment savings with the investment needed for #EmployeeRetention is key. Salary satisfaction is a major factor in retention. Many employees would reconsider leaving their job for a substantial salary increase. Therefore, HR leaders need to address #PayTransparency and #PayEquity. In addition to salary, a shift towards a #SkillsFirst approach in talent management is important. This approach focuses on identifying the skills needed for tasks and matching people with those skills. Building a skills-first organization requires creating or enhancing your skills taxonomy, managing this taxonomy, and actioning valuable skills insights. This approach leads to cultural and technological changes, with managers and leaders evolving from managing employees to orchestrating work and skills. Remember, a satisfied and well-matched workforce is a productive one. #TalentAcquisition #TalentManagement #WorkforcePlanning

#Minimum #Wages rise again at 3.75%! Whilst, this may be a further cost burden to your business, did you know that reaching out to specialist #hrconsulting firms now, may be the best business decision you make…. First Class HR Solutions can assist your business with; - ensuring that you have a right team, right time approach - ensure that you are meeting your legal obligations with your team members - complete a competitor analysis so that you can make data driven decisions - provide a dedicated business consultant to support you in growing your business - provide competitive recruitment services to attract the best team members in the industry - provide tailored #whs solutions to your business - connect you with the best #marketing team in the business to grow your reach Contact First Class HR Solutions today to start your journey. Message us or send us an email ([email protected]) - remember it costs nothing for a review and services proposal!!

AHRI’s June Quarter 2024 Work Outlook Report reveals that Australia’s skills gap is harming productivity, with high turnover predicted to be a key cause. 📰Read Edwards HR’s key take aways from the report here ➡️ https://lnkd.in/gjbXa8_d #SkillsGap #TrainingInvestments #Recruitment #EmploymentIntentions #WorkforcePlanning #EdwardsHR #PeopleandCulture #HR #Consultants

I came across this article earlier this week from Personnel Today and as an HR professional, I am very aware that the HR environment is always changing. But seeing the extent of the changes made in 2023 even had me a little surprised. This article perfectly summarises some of the key things we saw in the last year; some changes that have been long overdue and other developments that still need more understanding and learning around them to be truly effective. I'd love to know what you think to some of the changes flagged in this article. Which are you excited by, and which are you apprehensive about? #HumanResources