Are We Giving Employees What They Want?
Phil Strazzulla
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Open enrollment season is always a head-scratcher. Naturally, we want to provide the perks and benefits employees desire, but it appears many employers are missing the mark.
Gallup's recent survey of 35,500 frontline workers reveals a wake-up call. The options typically offered, such as relaxed dress codes and flexible start/end times, aren't as appealing as employers thought. On the other hand, four 10-hour workdays (as opposed to the traditional five-day, eight-hour schedule), and increased paid time off, are highly appreciated. These are also the benefits we rarely see.
CareerBuilder released a report that outlines the priorities of job seekers according to O*NET's job zones. A key takeaway is that "blue-collar" workers from Zone Two will change jobs for better benefits and pay. Job seekers in Zone Four, "white collar" professionals, seek more than this. To quote the report, "For these workers, functional benefits are table stakes." They put more emphasis on a convenient location, flexibility, making a positive impact on the world, and their professional contribution. Still, employees in the professional services sector (earning $60k+), show 30% less first-year attrition when they are simply given health benefits.?
Understanding what makes your particular workforce tick is what will win talent over in the new year. By proxy, it will also be what makes them stick around.?
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?Founder, SSR
Insight from our HR Expert Network
What do you picture when you hear Employee Loyalty? Clocking in at the same company for your entire career, getting a gold watch at retirement, and having unwavering dedication to your employer?
That era is long gone. But employee loyalty still matters today; it's just taken a different shape.
Loyalty nowadays is a two-way street built on mutual trust, psychological safety, and shared purpose between employer and employee. Companies can't take it for granted. They must continuously earn it through their actions. Let's examine what loyalty looks like today and how companies can nurture it to drive employee retention and, in turn, profitability…
Because colleagues often work more closely together than they do with their managers, they have a unique perspective to provide feedback. They understand the work and the goals of their counterparts. They have a special opportunity to offer employee appreciation.
When an organization supports peers acknowledging other peers for their accomplishments by creating a framework, this more formalized approach is a peer-to-peer recognition program...
By Alexa Lemzy
In recent times, the corporate landscape has borne witness to the devastating impact of toxic leadership on organizations. Such leadership not only affects the work environment but can have lasting consequences that ripple through every tier of a company.
By understanding the nuances of toxic leadership, organizations can be better equipped to address and mitigate its impacts, fostering a healthier and more productive work environment…
New Data From Our Research Team
HR Tech Never Left - Headcount Growth Trends Net Positive Near the EOY 2023
Since last year and up until mid-2023, the massive layoffs in tech companies have been making headlines. Many fear that the trend hails bad news for HR Tech, and since we at SSR focus on this niche of the SaaS industry, we decided to look at the data ourselves.
Pulling figures from LinkedIn, we looked at the headcount trends of 26 HR Tech companies for the past few years. This research included 10 of the most prominent players like Workday, Greenhouse, and ADP, as well as recent VC-backed startups that have been growing rapidly since the pandemic, like Deel, Remote, and Rippling.
You can access the full list and data below, but as our headline hints, the data showed to be more positive than we expected.
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HR Tech Support
Finding out how much recruiting software costs is no longer a simple task. Few vendors have transparent pricing and offerings are often tiered so that the features you really want cost extra.
To keep pace with the latest pricing data is a huge time investment. You'll need to dedicate time to vendor demos, seek advice from fellow HR pros, and hedge for hidden expenses like implementation fees, data migration costs, or premium support.
But we’ve got you covered! This guide compiles insights into the latest recruitment software pricing data. It’ll reveal not only the initial subscription costs but also the full expense of ownership. Better yet, you’ll get the tips and tricks needed to secure the best possible deal from the vendors…
By the year 2025, the amount of data generated across the globe is expected to exceed 460 exabytes per day. For those who are good with numbers, an exabyte is equal to 1,000 bytes to the sixth power, or approximately one billion gigabytes (1,000 petabytes). To put that into perspective, the total number of words that have been spoken to date – by all humans combined – could be contained into roughly 5 exabytes.
Considering the amount of workforce data being generated on a daily basis, modern employers, recruiters, and hiring managers need an efficient means of sorting and making sense of all this information – and that’s exactly where the discipline of employee data management comes into play…
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Recommended Reading From Around The Web
Ranked: Worst Companies for Employee Retention (U.S. and UK)
Resume.io ranked the top 100 companies by market cap in the U.S. and UK based on their average employee tenure through an analysis of their LinkedIn pages. With a turnover rate of 13.2%, the tech industry is the most turbulent with Apple, Amazon, and Meta at the top of the list. More at Visual Capitalist.
Get a Sneak Peek into the Current State of Hiring
CareerBuilder partnered with Morning Consult, a global decision intelligence company, to find out what the current state of hiring looks like and what companies are doing to retain their current talent. Download this whitepaper to learn more.?
Reports of AI Ending Human Labour May Be Greatly Exaggerated
Waves of innovation have usually been accompanied by anxiety about the future of jobs. However, during the deep learning boom of the 2010s, occupations potentially more exposed to AI-enabled technologies actually increased their employment share in Europe. But the jury is still out on whether the same can be expected from new developments in AI-enabled technologies. More at ECB.
WANT TO LEARN MORE?
Have any feedback for us, or things you'd like to see in future issues? Leave your comments below and thanks for reading!
Senior Content Marketing Specialist | Marketing Consultant
11 个月Great content. Thank you for featuring my article.
Human Resources Leader and Consultant | YouTube Host | People Projects Manager | Organization Effectiveness
11 个月Great content as always Phil! Thanks!