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What Are the 5 Main Drivers of Employee Retention

ExactHire

Are there so many new faces at work that you have trouble remembering who needs to complete the latest safety training module? You’re inviting these and many more problems if you aren’t implementing these 5 main drivers of employee retention. The reasons for high turnover that you hear most seem to be out of your control.

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Tired of Employee Turnover? Increase Retention with this Easy to Implement Cost-Free Solution

Payactiv

Turnover is costing you exorbitant amounts of money every year and HR departments have been fighting it for decades. The numbers continue to inflate, the need to differentiate yourself from competitors is more important every year, and the cost associated with turnover can debilitate or even cripple a company. Costs add up fast.

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Healthcare Onboarding Best Practices: Improving Retention from Day One

Precheck

Healthcare Onboarding Best Practices: Improving Retention from Day One Jan. Employee turnover comes at a high cost, especially in healthcare. In 2017, turnovers in nurse staffing cost the average hospital between $4.4 And the research shows that turnover is more of a risk when dealing with new hires.

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Healthcare and Hiring: A Brief Outlook

Peopletrail

Factors contributing to this shortage include: Rapid growth of the 65 and older age group Increase in chronic conditions (in young and old patients) Increased utilization of basic healthcare Upcoming wave of healthcare retirees Each institution is also battling a turnover issue, particularly among first and second-year nurses and CNAs.

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Four Ways to Achieve Better Employee Retention in Healthcare??

Sterling Check

According to a recent NSI Nursing Solutions report , the turnover rate in hospitals now stands at 25.9%, resulting in the average hospital losing between $5.2M-$9.0M each year in associated turnover costs. Addressing employee retention can help lower costs associated with hiring, boost employee morale, and reduce turnover.

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6 Tips to Lower the Cost of Operating a Franchise

PandoLogic

The Top Costs Associated with Running a Franchise The top costs of managing a franchise frequently include franchise fees, royalty fees, advertising fees, training fees, supplies and equipment costs, labor costs, rent or lease costs, insurance costs, and ongoing operational costs. 6 Tips to Reduce Costs for Franchise Operations: 1.

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Now We’re Cooking: Restaurant Hiring Software Combats Industry Struggles

Netchex HR Blog

In a highly competitive industry known for high turnover, an understaffed restaurant is doomed. Effective and easy-to-use HR software boosts retention and streamlines the most tedious managerial tasks, including the hiring process. Even so, “business as usual” has always meant high turnover in food service.