Employee turnover rates are on the rise globally. If a company ignores workforce retention, the result could be expensive replacements down the line. McKinsey suggests that the cost of replacing employees ranges from one-half to two times their annual salary. Gallup’s research estimates that replacing leaders and managers can cost up to 200% of their […]
The retention rate complements the turnover rate, offering a fuller picture of employee movement. While often confused, they are opposites—employee retention tracks those who stay, while employee turnover measures those who leave. We will take a closer look at both and how they impact a company. What is the cost of a high turnover rate […]
Achieving a healthy work-life balance has become a top priority today, especially as remote work blurs the boundaries between professional and personal life. Harmony gets lost in long hours, late nights, and weekend work creeping into what should be your personal time. What does social research tell us? Yet, prioritizing a balance of work and […]
Effective time management is the steering wheel that keeps your work-life balance on course. If you lack proper time management, juggling work and personal responsibilities seems like a never-ending loop. You are either speeding through burnout territory or idling in procrastination land. The bright side is that you can bring your schedule back under control […]
