According to the CDC, American businesses lose around 200 million workdays every year due to employee mental health. The estimated cost of this problem is anywhere up to $44 billion, making it a huge issue for every employer.
When you turn on the TV or check social media these days, it seems filled with nothing but bad news. Sometimes I can feel these current events linger in the back of my mind while I'm trying to work, and it will shift my mood for the day. And I thought, if that is happening to me and I'm not directly impacted, it's likely happening to other team members and perhaps on even more varying levels.
Good HR software allows small teams to achieve big things. The current generation of sophisticated HRIS tools enables you to manage payroll and benefits, streamline recruitment, and track employee engagement—all while gathering vital analytics data.
If you ask successful CEOs for the secrets of a thriving business, they will all say the same thing: great people and accurate data. High-quality business intelligence is a powerful tool that empowers leaders to identify opportunities, find efficiencies, and strengthen the bottom line.
As an HR consulting and outsourcing firm, we often hear from business leaders who want to get more out of their HR function. We find that the biggest opportunity is the chance to redefine and reset the expectations that HR's role doesn't have to be solely administrative.
Staff turnover is a cause for concern at any time. But, in 2021, concern turned to widespread panic as quit rates soared across the country. This phenomenon reached such proportions that it earned a nickname: The Great Resignation.