HR's 2025 Retention Playbook
In today’s HR Pulse, gain insight into how:
These articles are penned by members of Forbes Human Resources Council, a community of successful human resources leaders on a mission to inspire.
Let’s dive in!
Navigating Turnover Trends: Preparing for the Challenges of 2025
Employee engagement is crucial for organizational profitability, but disengagement can lead to higher turnover rates. Research by Together Software highlights the top anticipated reasons for employee turnover in 2025, emphasizing the need for strategic HR planning to mitigate these risks.
Here’s all you need to know:
???Growth & Learning Opportunities: Lack of career advancement is predicted to be the primary cause of turnover, with 70% of employees likely to leave their jobs for better development opportunities elsewhere.
???Compensation Concerns: As living costs rise, fair compensation becomes critical. Regular reviews and transparent communication about pay determinants are essential.
???Management Quality: Effective management is key to preventing turnover. Ineffective leadership can demoralize teams, reduce productivity, and drive talent away.
???Employee Burnout: Concerns about burnout are growing, with 80% of HR professionals expecting it to be a significant issue in 2025. Addressing workload, engagement, and professional growth can help mitigate this.
Unlocking Potential: The Power of Internal Hiring for 2025 Talent Strategy
James AJ Peters - Founder & President Global Expansion
With global talent acquisition becoming increasingly competitive, internal hiring emerges as a strategic solution to recruitment challenges.
The Society for Human Resource Management's 2024 Talent Trends Report underscores companies' difficulties in recruiting externally, suggesting that the key to future recruitment success may already be within your organization.
Explore key insights below:
???Promote Internally First: Ensure all employees know about open positions by using internal channels such as intranet pages, emails, or company newsletters to advertise vacancies before seeking external candidates.
???Virtual Recruitment Events: Organize virtual job fairs targeting current employees to facilitate internal movement, using proprietary platforms or external partners to host these events.
??? Create Clear Career Pathways: Implement detailed career development programs, highlighting progression opportunities and encouraging employees to envision a long-term career within the company.
???Develop a KSA Database: Establish a comprehensive database of employees’ knowledge, skills, and abilities to aid in quick talent matching, uncover hidden talents, ensure fair hiring practices, and create a roadmap for talent development.
Addressing Leadership Blindness to Reduce Employee Turnover
Nancy Adams, CPC - Chief People Officer CenTrak
A series of high-profile resignations within a $100M company highlighted a critical issue: leadership blindness.
This phenomenon, where there’s a prominent gap between leaders' self-perception and team members' views on their performance, significantly contributes to employee turnover. Understanding and addressing these blind spots can be pivotal in retaining top talent.
Explore key highlights below:
?? Impact of Leadership Blind Spots: Employees often avoid discussing leadership issues during exit interviews, preferring to cite reasons like better opportunities elsewhere. However, poor leadership skills, such as lack of empathy, adaptability, and effective communication, can leave employees feeling undervalued and uncertain.
???Challenges in Leadership Development: Despite the recognized importance of leadership development, many programs fail to address core skills like self-awareness. Issues include motivation gaps, skill misalignment, and challenges in transferring skills back to the workplace.
??? Strategies to Combat Leadership Gaps: Companies should create targeted leadership programs that align with specific roles and organizational goals, incorporate action-learning projects, and provide regular coaching to support skill application and development.
Wrapping Up
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EVP and Head of Legal & Compliance :: Flimp :: Decision-Support Tools + Video + Digital Content + Texting Solutions for HR/Benefits/Employee Year-Round Communications
1 周Lots of great insights here, well done and helpful!
Daily HR, Leadership & Coaching Insights | ?? HR Leader | EX, Shared Services & HR Transformation for Large Enterprises | GPHR?, SHRM-SCP?, GRCP?, GRCA?, IAAP?, ICEP?, IRMP? | ICF UAE Ambassador | Panelist & Moderator
1 周It's crucial for organizations to address these emerging HR challenges proactively, as failure to do so could lead to significant talent loss and hinder long-term success.