What’s the best way to handle intra-office dating?
How should you manage pay raises for employees?
When should you institute efforts to reduce employee turnover?
These aren’t easy questions to answer, but human resource managers can get a head start on them by looking at what other companies in their industry are doing.
The following 14 statistics will give you an idea of not only how other organizations are dealing with the same HR issues you’re encountering, but also a good picture of what’s happening and trending in the HR industry in general.
1. 54% of organizations do not have a written or verbal policy that addresses workplace romance. But the number that do, 42%, is up sharply from just 20% in 2005. (Source: SHRM) <<Tweet this stat
2. Of those organizations with a workplace romance policy, 99% ban dating between superiors and subordinates. (Source: SHRM) <<Tweet this stat
3. Only 6% of employees nationwide get subsidized commuting from their employers, and only 10% get childcare benefits. (Source: U.S. Bureau of Labor Statistics) <<Tweet this stat
4. The average pay raise is 4.5%, and 88% of businesses plan to give employees raises this year. (Source: PayScale)<<Tweet this stat
5. 57% of organizations view employee retention as a problem. (Source: PayScale) <<Tweet this stat
6. 22% of new hires leave their jobs within 45 days of being hired. Reasons include poor performance and temperament issues. (Source: Wynhurst Group) <<Tweet this stat
7. Fully 46% of new hires fail and are let go from their jobs within 18 months of being hired. Only 11% of these are for lack of skill, while 89% are for attitudinal reasons like motivation and lack of coachability. (Source: Leadership IQ) <<Tweet this stat
8. New hires that undergo a structured on-boarding program are 58% more likely to be with the company after three years. (Source: Wynhurst Group) <<Tweet this stat
9. 48% of American adults have reported experiencing workplace bullying. This breaks down to 27% who have been bullied, and 21% who have personally witnessed bullying and “abusive conduct” at work. (Source: Workplace Bullying Institute) <<Tweet this stat
10. Only 6% of employers exercise zero-tolerance policies toward workplace bullying. (Source: Workplace Bullying Institute) <<Tweet this stat
11. 92% of senior business executives have seen favoritism affect employee promotions. (Source: Georgetown University) <<Tweet this stat
12. Average settlements for negligent hiring suits top $1.6 million. (Source: Public Personnel Management) <<Tweet this stat
13. 54% of all job applications contain inaccurate information. (Source: SHRM) <<Tweet this stat
14. The costs of employee turnover range from 30% to 150% of the employee’s salary. (Source: American Management Association) <<Tweet this stat
Have you found any other shocking or educational numbers about the HR industry to add to our top HR stats for 2014? Add them in the comments below!