As hiring managers, we often neglect the candidate experience, as we feel that it does not bring any change to our working style, nor does it benefit us in any way. But, to our surprise, candidate experience is the one main basic thing that is the step towards becoming a responsible hiring manager one could be.
Human Capital Management – Retention red flags: How to Identify the Warning Signs?
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Retention is about maintaining talent and ensuring that the best individuals stay with the firm for as long as possible, it’s a vital part of human capital management. It is not only about making employees happy so they stay with the company by half-measures like gratitude.
For businesses of all sizes, problems with employee retention are a top priority. High employee turnover can have a negative impact on productivity, morale, the burden of other staff members, and the overall cost to the business in terms of time and money over time. If or when the employee leaves it becomes difficult to replace the valuable member of the team. These employees must be retained and it should be made sure they are motivated.