Employee retention is a significant concern for businesses due to ever-increasing turnover rates and related costs. And it has a lot to do with skills development in the workplace. Numerically speaking, a quarter of workers (26%) plan to switch jobs once the current pandemic is over. The total cost of hiring a new employee could go...

There are 30.7 million small businesses in the U.S., and they account for 99.9% of all businesses in the country. Over 50% of these small enterprises fail in the first year, and more than 95% of small startups fail within the first five years. Among the common reasons they fail are the poor labor quality...

According to the Future Workforce Pulse Report 2020 by Upwork: By 2025, 36.2 million people will be working remotely This marks an increase of 16.8 million from the pre-pandemic days Add to this, the fact that the United States itself has 4.7 million people working remotely at least half the time. Onboarding remote employees of...

Many companies place so much emphasis on hard skills that it seems soft skills are playing second fiddle to the former. No doubt, job-specific technical knowledge & skills are necessary and form a core part of employees’ functioning, but that doesn’t mean that soft skills are overlooked. Soft skills play a decisive role in one’s...

83% of enterprises believe that developing leaders at all levels is important. Of all the employees who left their company at some point, 52% believed that their manager could have done something to prevent them from leaving. Whether you’re talking about CEOs, operations managers, or team leads, leaders play a crucial role in a business....

In a survey by Statista’s Research Department, 42% of the respondents said they conducted all their compliance training online. Online learning is an inevitable element in any corporate learning & development program considering the two important things it offers – Flexibility and engagement level. There are other types of employee training methods as well. You...

Only 12% of employees agree that their organization does a great job of training new hires. Organizations with an effective onboarding process achieve 50% greater productivity from new employees. By 2030, there will be a global human talent shortage to the tune of over 85 million people, which is roughly equivalent to Germany’s population. Where...

What is your understanding of employee management? How do you define it? If you think it is synonymous with training and development, unthink it. Because it is much more than learning. The process of employee management begins with selecting the right candidates. It then progresses to the stages of reward & recognition and discipline. In...

According to CareerBuilder.com, 58% of managers didn’t receive any formal management training. Leading and managing a workforce successfully, thus, becomes a problem for these managers. Workforce management (WFM) is among the top responsibilities of managers and HR professionals that occupy the lion’s share of their time. The larger the workforce, the bigger the need for...

Roughly 63 million Americans work as volunteers. The economic value of their service is $24.69 per hour or $297.5 billion a year. Similarly, 52% of people in the UK volunteer informally at least once, while 26% of them participate in informal volunteering regularly. According to the most recent data, the economic value of volunteering in...