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Employee Retention: 12 Strategies to Retain Your Top Talent

FingerCheck

A recent study found that 96% of workers will be looking for a new job in the coming year. A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? It saves money.

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4 Ways to Boost Employee Retention in Healthcare Onboarding

Precheck

4 Ways to Boost Employee Retention in Healthcare Onboarding Dec. Probably one of the most critical processes for healthcare HR professionals is the onboarding process for new team members. In the study, managers conducted stay interviews , a proven tool borrowed from the business world for improving retention.

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5 ways to reduce employee turnover in restaurants

Homebase

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees. What is a good employee retention rate?

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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? SHRM predicts the annual turnover rate to be close to 19%, and also assumes that the average cost-per-hire to fill a position at $4,129.

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Top Actions for Addressing Staffing and Onboarding Issues in Healthcare

Sterling Check

Witnessing higher rates of turnover, an increase in worker burnout, and competition with larger organizations in the non-clinical space, talent acquisition teams are taking immediate action to rectify this issue. Below we highlight key figures emerging from the study.