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HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”. Here are five ways HR can start improving employee retention today.

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4 Ways to Prevent Your Employees From Quitting

Achievers

Employee turnover, he points out, “costs companies a fortune,” and the numbers agree: Losing an employee in the first year of their tenure can cost your company up to three times the person’s annual salary. Keep your managers in the spotlight. Productivity consultant Laura Vanderkam adds an interesting twist to this standard advice.

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Employee expectations are shifting. Can you meet them?

PI Worldwide

In some companies, turnover has shot above 30%. But it’s not just companies that are facing turnover—employee expectations are evolving too. They won’t just curb employee turnover. Finally, when employee expectations are met, negative experiences are less likely to cause turnover. They want a better work-life balance.

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Benefits Coordinator Job Description: Salary and Job Responsibilities (with Examples)

Analytics in HR

Aflac also found that 83% of organizations believe their benefits package positively impacts employee productivity, while 84% reported that it enables them to recruit top talent. AIHR’s Compensation & Benefits Certificate Program will also help you create a future-proof compensation and benefits strategy and become a total rewards expert.

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21 Highest-Paying HR Jobs in 2023

Analytics in HR

Change management: Implement change management strategies and build an agile workforce. Chief Talent Officer Salary : $237,000 – $436,000 Job description The Chief Talent Officer manages the recruitment, development, and retention of executives and business leaders in an organization.

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Healthcare Professionals: Get a Pulse on Your Employee Engagement Levels

Achievers

On the contrary, disengaged staff lead to poor patient experiences, higher turnover, and decreased productivity. And that’s not all: these employees tend to be more productive, more motivated, and contribute to impressive bottom line results. For management to care, they need to be made accountable.

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IRF value study examines ROI for incentives programs

Maritz Motivation

Sales, of course, along with decreased turnover, increased productivity, revenue, market share and gains in customer loyalty and satisfaction. One study determined that 73 percent of firms measure productivity, while 49 percent track retention tied to their programs. Which metrics are they measuring?

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