A recent Udemy study found that nearly half of employees surveyed had quit because of a bad manager, and almost two-thirds believed their manager lacked proper managerial training.
Translation? Employees aren’t quitting their jobs—they’re quitting their bosses. That’s bad news for organisations planning for innovation, succession, and market longevity. Human capital is an organisation’s most valuable resource—and turnover is expensive not just in terms of sourcing, rehiring, and training costs, but also lost productivity.
Yet being a good, let alone a great, boss is tough.
Want to keep learning? Explore our products, customer stories, and the latest industry insights.
Mitigating employee compliance risks
Corporate scandals, highly publicised lawsuits, fines totaling millions of dollars — these typically aren't scenarios you want associated with your company name. Today, employee compliance is one of the most essential parts of business, yet only 40 percent of companies say they are thoroughly prepared for a compliance audit. To keep out of hot water and uphold employee compliance standards, businesses must adhere to internal policies and procedures and federal and state laws.
How a global investment firm transformed employee learning
abrdn is a global investment company that helps clients and customers plan, save and invest for the future. It manages and administers £496 billion in assets on behalf of its clients (as of 30 June 2023) and is structured around three businesses — Investments, Adviser and Personal — focused on the changing needs of its clients.
Upping the game across the entire end-to-end employee experience
The myCareer team in the NSW Department of Customer Service (DCS) is the creator, administrator and proud guardian of a platform providing People & Culture support to seven diverse ‘clusters’ of government agencies — each with its own unique interface and expectations. From a starting point of multiple, unintegrated systems and time-consuming, error-prone manual processes, the team used Cornerstone to digitise the entire employee lifecycle — from finding and recruiting talent through onboarding, performance management, learning and offboarding.