Leading companies include talent forecasting in their human resource planning. With effective workforce planning and workforce management, you can create the right recruiting and workforce training strategies to have the talent in place for future success. Learn how you can benchmark your HR planning and workforce data against industry norms, analyze gaps in your current workforce capability, and use predictive modeling to identify the talent and skills you’ll need to accomplish business goals.
The cost of staff churn is significant. We all know that. But could you put a figure on exactly how significant?
LinkedIn can. According to recent research, they believe that for a 10,000 employee US company, each 1% of turnover costs the firm $7.5m.
To find out more about turnover, LinkedIn quizzed over 7,500 recent departees across five countries to understand why they switched jobs. Among the findings reported in their natty Exit Survey infographic one statistic leaps out. Over four-fifths of the average US company’s turnover is voluntary, or, as LinkedIn calls it, ‘preventable’.