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ditch paperwork and embrace technology

Retention rates nosedive as UK businesses struggle to retain top employees

A recent survey of 250 HR professionals has revealed that nearly half (49%) still rely on paper or spreadsheets.

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72% of businesses find it difficult to retain top employees
48% need more confidence in the accuracy of their employee performance and engagement data.
HR teams are spending 3-4 days a month on performance management admin.

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Calls for HR teams to ditch paperwork and embrace technology

New research reveals that 72% of businesses find it difficult to retain top employees – with 22% admitting it’s ‘very challenging.’

The analysis of 250 HR professionals, conducted by StaffCircle, the all-in-one employee success platform, found that performance management data is still logged on paper or spreadsheets for half (49%) of HR professionals. In addition, a  further 48% need more confidence in the accuracy of their employee performance and engagement data. This suggests an inability to react or implement changes in real-time to resolve issues or motivate key players.

It’s time for HR teams to ditch spreadsheets and embrace technology for optimal employee performance management.

Data found that 64% noticed an increase in employee turnover in the past 12 months and 60% of HR professionals are restricted by a lack of real-time data that drives better retention: performance, engagement and development insights.

Mark Seemann, Founder and CEO at StaffCircle said: “Without real-time data and insights, organisations simply cannot understand their workforce. On average, HR teams are spending 3-4 days a month on performance management admin – time that could be spent on employee training or mentoring. Too many still rely on spreadsheets and paperwork. Something has to change. With employee performance and development data inaccessible, HR teams are unable to strategise and plan accurately or effectively. It’s time for HR teams to ditch spreadsheets and embrace technology for optimal employee performance management.”

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