Employee turnover is becoming a critical issue to all companies. In fact, turnover last year in the U.S. was at 28%, an 11-year-high. While retention has been a top priority for both HR professionals and company leaders for some time, the employee turnover epidemic is becoming progressively worse. Why Is Turnover Getting Worse? The gig [...]
Great employee engagement may sound like a ‘nice-to-have’ company goal, but it’s actually a lot more important and impactful to your bottom line than you might think. Today in the U.S., only 34% of employees are engaged at work. Almost half (49.5%) are not engaged, a huge population that doesn’t really care one way [...]
To truly define the term talent brand, we first need to define employer brand. Employer brand: The attributes and values associated with your company as a place to work Talent brand: The highly social and public version of your employer brand that incorporates what talent thinks, feels, and share about your company as a [...]
There is no place for the ‘everyone is replaceable’ mentality in today’s job market. Unemployment is at an 18-year low, which means if you lose employees, there will be a lack of skilled talent to fill open positions. That’s why retaining talent is pivotal to your company’s bottom line and taking the initiative to [...]
The pool of skilled, available talent is shrinking. On top of the unemployment rate being at an 19-year low, the huge age class known as the baby boomers are reaching or approaching retirement. In fact, in 1995, baby boomers comprised about half the workforce, but by 2025, that generation will represent less than 10 [...]
There’s a divide that has cropped up in talent management planning overtime. I refer to it as the Silo Approach. There are two main aspects that go into recruiting and retaining talent: compensation and benefits. In the past, compensation was given much of the weight and benefits was an easy box to check because [...]
Investing in better health benefits may seem counter-intuitive when one of the top HR priorities is controlling benefit costs. But another top operational priority is recruiting and retaining top talent, and good health benefits are critical to accomplishing this. Health Benefits v. Sign-On Bonus You may be asking yourself: Why not invest in something [...]
At the start of summer, Armada held our inaugural Day or Service event. We partnered with Playworks to beautify a local Baltimore elementary school’s recess space. In addition to giving back to the community, the Day of Service gave Armada employees the opportunity to come together outside of the work environment to collaborate as a [...]
Coverage gaps are a constant in today’s world of health insurance. It’s common for companies to try to fill coverage gaps with supplemental ‘gap plans,’ also known as indemnity-based voluntary insurance, like hospital indemnity and critical illness insurance. Unfortunately, this type of gap-filler isn’t always effective due to several shortcomings. There is another type [...]
August is here, which means that busy season is right around the corner. You’re about to have a lot on your plate: seeking new clients, retaining current clients, solving coverage issues, providing advice, creating benefits structures and more! Here are 2 things to think about now to help you out once busy season arrives. [...]
