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How to calculate and increase employee retention rate

Achievers

Even if your company has developed a great employer brand that helps it attract top-notch employees, it won’t be able to leverage their abilities for long without a high employee retention rate. Calculating and analyzing your organization’s employee retention rate is the first part of any effective employee retention strategy.

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Untangling Turnover: What You Can Control, And What You Can't

Bonusly

Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.

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How to Solve Hiring Problems in Manufacturing with Employee Recognition

Semos Cloud

Category All, Best Practices How to Solve Hiring Problems in Manufacturing with Employee Recognition The state of the manufacturing workforce is changing faster than ever. If manufacturing companies want to win the war for talent, they have to fundamentally change how they approach Employee Experience. million (in 2000) to 17.8

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You Can Successfully Clear Your Year-End To-Do List

PeopleStrategy

That not only allows you to contribute to overall staffing for the following year, but also to determine training needs, recruitment plans, and employee recognition for programs you manage. What departments could see growth or could use training opportunities to elevate and reward current employees? Documents and policy updates.

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The Importance of Employee Recognition: With Statistics and Examples

Vantage Circle

We all know that employee recognition is all about appreciating and rewarding the hard work and achievements of your employees. But do you know why is employee recognition important? Employee Recognition serves as a fundamental cornerstone for organizational success. So, let’s dive in!

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Top Strategies to Reduce Employee Turnover in 2024

HR Lineup

Employee turnover continues to pose significant challenges for businesses in 2024, particularly amidst evolving workplace dynamics and shifting employee expectations. High turnover rates can adversely affect organizational performance, morale, and overall productivity. Strategies for Reducing Employee Turnover 1.

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How to Build an Employee Recognition Program

Achievers

However, a recent HBR study found that employees reported they had not felt recognized for an average of 50 days. Employees who are not recognized start to become demotivated and disengaged , decreasing their productivity and retention dramatically. Recognition is not a “nice-to-have”—it’s a requirement for business success.