article thumbnail

Understanding the Costs and Causes of Employee Turnover

Tom Spencer

Voluntary turnover is the most crucial type for firms to focus on as it can be impacted by management decisions and organisational styles. This “2 year” number may explain the rationale behind the now common and sought after ‘management trainee’ or ‘rotational programs’ that many organizations offer newly graduated business students.

article thumbnail

To Better Train Workers, Figure Out Where They Struggle

Harvard Business

Almost half (49%) said that it was difficult to ensure a return on investment (ROI). Launched in 2015, Generation works in five countries (India, Kenya, Mexico, Spain, and the United States). These metrics can be converted into an estimate of ROI for the employer. But it is possible to do better. and sixfold in India.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Get Your Team to Use Their Vacation Time

Harvard Business

So if vacation has such a good ROI, why are people taking less and less of it? In one study, researchers found that employees fear that their manager will think less of them for taking vacation. A 2015 HBR article by Ron Friedman is a treasure trove of facts about the benefits to reaction time, creativity, and engagement.

How To 28
article thumbnail

Putting Humans at the Center of Health Care Innovation

Harvard Business

For example, in 2015 the Consortium arranged a global Zika Innovation Hack-a-thon in which 200 innovators developed 15 proposed solutions in 48 hours to help control the virus. Scoping projects for success and managing ambition: Interdisciplinary design teams are, by nature, optimistic and ambitious.

article thumbnail

The Scale of the Climate Catastrophe Will Depend on What Businesses Do Over the Next Decade

Harvard Business

By the time of the Paris climate meeting in 2015, which resulted in the more robust global agreement now supported by every country in the world except the United States, it was clear that we needed to consider a more ambitious target, 1.5°C °C (3.8°F) °C (2.7°F). °F).

Energy 44
article thumbnail

What I Learned from Trying to Innovate at the New York Times

Harvard Business

At the Times , the Strategy Team pursues and manages strategic relationships for the company, takes in the resources needed to stay alive, and channels those to the rest of the organism. Managing directors open doors to corporations for portfolio companies in the ecosystem — hundreds per month come through their doors.

ROI 28
article thumbnail

Inside the Minds of Your Prospects: 37 Critical Digital Marketing Statistics for Consultants

Tsavo Neal

81% of management consulting firms list attracting & developing new business as their #1 challenge. Investing in UX (the art of making your website and entire sales process user-focused and easier for them to get what they want) has a huge ROI. Email marketing has an average ROI of 3800%. Source: Usability Geek.

B2B 60