It's been a big week in the HR space, especially with the widespread news that Microsoft is finally turning its back on its ultra-competitive stack ranking system. But we've got more than just Microsoft news in this week's Top HR News roundup. Read on and you'll see how costly losing an employee can actually be, and what employees want more than a paycheck.
With the news that Microsoft is finally moving past ranking employees against one another, Bloomberg author Joshua Brustein asks a very important question. He wants to know if there is anyone out there doing employee reviews right? We think we have an answer. Read his fantastic piece on how Microsoft's move is a sign of the times.
TINYhr takes pride in being part of a global movement to increase engagement in the workplace. Well, NY Times writer Tony Schwartz agrees, saying that "Employers need to invest more generously in meeting their people’s core needs: physical, emotional, mental and spiritual." Check out what he said 74% of companies with engaged employees do well (that you could probably learn from.)
Receiving an employee's two weeks notice is a terrible feeling. But the cost of replacing that employee might be downright shocking. In her recent post on the real cost of losing an employee, Christina Merhar tells you just how much money you'll be investing in a replacement next time you lose one of your key employees.
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