Remove Competencies Remove Productivity Remove Retention and Turnover Remove Team Building
article thumbnail

Maximizing Returns: Why Investing in Training is Crucial for Accounting Team Success

Professional Alternatives

First and foremost, training improves the overall efficiency of the accounting team. By equipping team members with the necessary knowledge and skills, organizations can streamline their financial processes, reduce errors, and increase productivity. Another key factor in retention is cultivating a positive company culture.

article thumbnail

Cultural Competence in the Workplace: What Employees Need to Know

Zenefits

Cultural competence in the workplace is the willingness and ability to embrace diversity and appreciate the differences in people. Organizations achieving cultural competency better position themselves as great places to work, setting the table for success. Benefits of strong cultural competence. Decreased productivity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Ways to Make Hourly and Seasonal Workers Feel Valued

Visier

Turnover, low engagement and lost productivity cost employers billions each year. This is felt most in fields like retail , hospitality and food service , where turnover rates among hourly employees range from 60% to 75% (compared to a more normal turnover rate of around 15%).

article thumbnail

25 Best Team-Building Activities in the Workplace in 2024

Terryberry

Team building might seem like a non-essential business exercise, but it's a valuable investment in employee loyalty, retention, performance, and satisfaction. That's not just hyperbole, either—team-building drives results, and study after study shows it. What Is Team Building? Just ask WeWork.

article thumbnail

Employee Engagement and Retention – Are They Connected?

Terryberry

Employee engagement and retention are frequently associated with each other. During the Great Resignation , organizations began to take an in-depth look at their engagement, retention, and recruitment strategies. Companies should focus on driving performance and retention through employee engagement.

article thumbnail

How to Calculate and Reduce New Hire Turnover at Your Company

Analytics in HR

So, how can you reduce new hire turnover in your business today? Contents What is new hire turnover? How do you calculate new hire turnover? How to reduce new hire turnover. What is new hire turnover? New hire turnover can be voluntary —an employee decides to leave—or involuntary —an employee is asked to leave.

article thumbnail

Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Many employers are seeing record turnover rates as the economy rebounds from the coronavirus pandemic. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Improve employee benefits offerings.