Retention Benchmarks, Top CHRO Secrets, Onboarding Checklist - Feb 19, 2025

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Hello, HR Champs! With staff turnover numbers shifting faster than a viral TikTok trend, it’s time to see how your retention really stacks up. Let’s benchmark, spot key trends, and grab must-know HR insights — best enjoyed with a nice cup of joe. ☕

On the agenda: 

📐 The Retention Benchmark: How does your organization stack up?

🙌 Onboarding Checklist: A smart hiring playbook and checklist.

♟️ CHRO Secrets: Research reveals top strategies.

SPOTLIGHT

The Retention Benchmark: How Does Your Company Stack Up?

Talent retention should be at the top of the agenda in 2025 for any organization aiming to maintain a competitive edge. Data from Mercer's 2024 US Turnover Survey shows that the average voluntary turnover in the U.S. is at 13.5%, a continued decline on recent years. Understanding the underlying factors that lead employees to stay or depart can majorly help your talent management strategy.

Key Departure Factors:

• Work Environment: A significant 32.4% of employees who resigned cited a toxic or negative workplace culture as their primary reason for leaving.

• Leadership Quality: Poor company leadership influenced 30.3% of departing employees, underscoring the impact of management on retention.

• Managerial Relationships: Dissatisfaction with direct supervisors contributed to 27.7% of resignations, highlighting the importance of effective managerial relationships.

  Source: SHRM’s Future of Talent Retention

Top Strategies Deployed: Leading organizations are prioritizing work-life balance, as 59% of employees consider it essential for their well-being. To address this, companies are implementing flexible work arrangements and wellness programs that support employee needs. Additionally, leadership development is a key focus, ensuring that managers receive proper training to cultivate positive workplace environments, directly impacting employee satisfaction and retention.

Benchmarking Retention: With 13.5% as the national average for voluntary turnover, where does your company stand? Note that some sectors see lower churn, while others typically experience higher exits. Benchmarking against industry trends helps pinpoint gaps and refine retention strategies for long-term gains.

View our comprehensive guide on developing an effective talent management strategy:

WEDNESDAY’S STEAL

Onboard Smarter: Transform Your Talent Pipeline with this Checklist & Toolkit

Upgrade talent acquisition and onboarding with our Hiring Checklist and Onboarding Bundle — a useful toolkit for HR professionals and managers.

Why choose this bundle:

• ✅ Simplify Hiring: Clear steps and organized checklists reduce guesswork and lost time.

• 🚀 Accelerate Onboarding: Ensure every hire is set up properly from day one.

• 🎯 Customize to Your Culture: Tailor resources to align with your company’s unique values and needs.

• 📋 Stay Compliant: Meet industry standards and requirements with confidence.

Ends February 21 — midnight EST.

NEWS & TRENDS

1️⃣ Secrets of High-Performing CHROs — Research reveals strategies top CHROs use to excel in dynamic business environments. [Josh Bersin]

2️⃣ Half of Workers Prefer WFH Flexibility — 5 years on from the pandemic and half of the workforce favors remote work, challenging traditional office norms. [Business Standard]

3️⃣ AI Enhances Benefits Communication — Leveraging AI can improve clarity and engagement in employee benefits communication. [HR Executive]

4️⃣ Interim CHROs: A Growing Trend — Businesses increasingly appoint interim CHROs to address flexibility and evolving needs. [SHRM]

5️⃣ Strategic Priorities for HR by 2025 — A report identifies key areas for HR professionals to navigate upcoming challenges. [People Management]

Get a List of the Best HRIS/Payroll Software for Your Company

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HR WISDOM

How to Build a Solid Company Culture: 20 Tips to Awesomeness

Company culture is essentially the core of any business; it’s the backbone of organizational life. It shows in what we do, what we say and how we treat each other, as well as in our products, decisions and customer relations.

To be successful as business leaders, we need to create positive environments with shared values, goals and beliefs. The more clearly that we define the type of culture we envision and strive to honor, the more suitable candidates we can attract, who share similar values and outlooks.

So, how can we go about creating a top office environment and a close-knit, engaged team?

BREAKROOM