HR Management Blog

A thriving organizational culture is necessary to develop the qualities required for business success. You can see its consequences in your bottom line: companies with positive cultures are 1.5 times more likely to experience revenue growth of 15 percent over three years and 2.5 times more probable to witness extensive stock growth during that time as well.

Employee Attrition Rate meaning is the percentage of employees who leave a company in a given time period. Usually, the employee attrition rate is measured over the course of a year. The attrition rate can be affected by many factors, such as the company’s culture, working conditions, and employee benefits.

Strategic change is a necessary process for any business that wants to stay afloat and grow. There are several signs that can indicate when it’s time for a strategic change. One such sign is stagnation or a decline in profits. Another is when your company is no longer able to keep up with the competition.

A toxic leader is someone who creates a toxic environment within an organization. This can be done through a number of different means, such as creating unrealistic expectations, engaging in bullying behavior, or fostering a culture of fear and intimidation.

As the economy starts to cool, many companies are beginning to tighten their belts and focus on cost management. For Human Resources professionals, this means that they need to be strategic in their approach to staffing and benefits. One way to cut costs is to freezes hiring, or only fill essential positions. Chief Happiness Officers will have a job difficult, because their role may not be seen as essential to the company. With layoffs and cost-cutting measures, Happiness Officers may be one of the first positions to go.