Turnover versus Attrition: Context Is Key
Turnover and attrition are two of the most significant metrics used to measure organizational health because of what they supposedly reveal about a business. Typically, high rates are seen as "bad," and low rates are perceived as "good." But such correlations are inaccurate.
Employee churn is part of every business and can be good or bad, but no single rule determines whether it is one or the other. Turnover and attrition can be essential parts of a business plan - or the causes of a company's demise. In any conversation about employee attrition and turnover, context determines whether gains, losses, retention, and replacement of employees have beneficial or detrimental effects on an organization's future.
Work Celebration Ideas to Keep Employees Engaged
Birthdays, anniversaries, holidays - there's a reason everyone circles these events in their calendars every year. They help people commemorate significant life moments, mark milestones, and connect with the people they care about.
Special events can unite people not only in their personal lives but in their workplaces, too - especially when such events celebrate work accomplishments. When news of success spreads throughout an organization, employees feel more appreciated, which in turn makes them feel happier in their jobs (and therefore more productive and less likely to leave). Celebrating team anniversaries and milestones helps employees unite over their collaborative efforts - and reinforces how much those efforts contribute to the company's success.
However, it's extremely difficult to keep employees engaged if the company's celebrations remain the same year after year. Here are a few creative ways to breathe new life into office events and celebration activities.
Commonality and Employee Engagement
Susan and John are two coworkers who regularly cross paths in the office hallways but don't even know the other person's name. After John shares a photo of his cat on a company-wide digital community, the next time Susan sees him she says, "Oh! You posted that adorable cat photo the other day! You're John, right?" Suddenly two people who might otherwise have never traded two words are having a conversation!
Planning Now for Post-COVID-19 Business Recovery
In the face of an escalating and prolonged global pandemic, in March 2020 the U.S. stock market lost a third of its value almost overnight. Even after receiving a multitrillion-dollar injection, the market remains unstable months later - and the worst is still yet to come. American lives, the national economy, and the U.S. healthcare system will face daunting challenges for some time, with most experts estimating that this crisis could last as long as eighteen months.
