A major strategic focus for our organization this year is to reduce costs. With that in mind, our data shows that the turnover rate within our organization hit an all-time high of 15% last year.
Also, feedback surveys highlighted our employees’ lack of motivation and dissatisfaction. This likely explains the increased absenteeism and lowered productivity. We’ve also had high costs for our training program despite low attendance rates and people’s input on the lack of updated learning content.
By switching to a complete HR software suite, we can improve employee experience and reskill our talent to keep up with market demands. More companies are increasing their learning budgets to close skill gaps in the workforce.
This will improve our services by preparing our employees for the industry’s changes. A strong Talent Management offering as part of the suite will also ensure we’re spotting employee struggles before they become a hurdle so we can keep our talent motivated and happy at work.