HR Digest
DECEMBER 2, 2023
With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.
HR Tech Girl
JANUARY 18, 2023
Bad onboarding experiences can set back employee development or increase turnover, so companies are putting more resources into the process. Implementing a formal onboarding program can result in 50% higher employee retention and 62% productivity increase within the same group. Some stats to help you fine-tune your onboarding process.
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Vantage Circle
SEPTEMBER 28, 2023
According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Non-monetary Rewards: These can range from verbal praise and certificates of achievement that make the employees feel valued and good for their work. Key Takeaways Understand what a recognition program is.
Terryberry
FEBRUARY 26, 2024
From productivity to culture to retention - research shows recognition programs continue to be a key factor in improving a range of business outcomes. Employee Recognition and Retention Statistics Employee recognition research supports that employee recognition is directly related to employee retention.
Interact-Intranet
JUNE 7, 2017
According to Bersin & Associates , companies with good recognition programs have 31% lower voluntary employee turnover. 68 percent of values-based programs perceived a positive impact on retention, vs. 41 percent for non-values-based programs. Source: Globoforce.
Vantage Circle
JUNE 16, 2021
Recognition has a tremendous potential to drive engagement, productivity, and employee retention. It is a great source of motivation and plays a critical role in employee retention. Higher Employee Retention. Most companies struggle with high employee turnover rates. This leads to reduced turnover and higher retention.
Vantage Circle
OCTOBER 28, 2020
As companies struggle to find a way to deal with the global economic slowdown, the simple act of recognizing an employee in a meaningful and memorable way is the missing link that can heighten the productivity levels, lower employee turnover , and create a sense of belonging. Benefit 6: Employee Retention. Globoforce.
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