Remove Bonuses and Incentives Remove Compensation Remove E-Recruitment Remove Retention and Turnover
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HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? Contents What is attrition rate?

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What’s a merit increase, and should your business use them?

Business Management Daily

Retaining top performers has become a serious challenge for recruiters in recent years. Merit pay increases are great ways to reward your top talent and encourage loyalty, which will improve your retention rates. However, that doesn’t mean these types of raises aren’t effective in boosting employee retention. A staggering 50.6

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Employee Compensation: Everything you Need to Know

Astron Solutions

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization. Ready to learn more?

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How To Create Effective Warehouse Incentive Programs

Fond

Warehouse workers are among the most in-demand employees , according to a recent LinkedIn report, thanks to the boom in e-commerce in the wake of the pandemic. However, despite their popularity, companies are struggling to retain warehouse employees—for instance, Amazon’s warehouse turnover rate is reportedly 150%.

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Five Steps to Simplify Your Compensation Program

Astron Solutions

As compensation professionals we are often asked if there are alternatives to simplify the method by which compensation decisions are made and communicated within an organization. The following are five basic ways to simplify the complexities of compensation. Bonuses represent an amount of pay that is ‘at risk’ every year.

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Exploring the direct link between employee development and retention

Insperity

Ever since the COVID-19 pandemic and the subsequent onset of The Great Resignation , improving employee retention ranks as one of employers’ main concerns and priorities. As it turns out, there’s a critical link between employee development and retention. The answers get to the heart of why development impacts retention.

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10 Employee Incentive Programs to Engage Your Team

Achievers

If so, you probably saw the effects in the form of greater turnover ? low morale can lead to high turnover rates and low productivity, and ultimately, disengagement has a negative impact on your bottom line. Incentives give employees something to strive for and provide tangible acknowledgement of their great work.