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Need Budget Approval for Your HR Initiative? These CFOs Have Tips for Getting the Green Light 

15Five

You present your brilliant initiative to the Chief Financial Officer (CFO) to get their monetary blessing… It’s a no. This is nothing like 2008 [or other previous recessions], but it is a slowdown, so that means pencils are sharper,” he said. You see a need or problem in the business and have a great plan for solving it.

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How to Solve Hiring Problems in Manufacturing with Employee Recognition

Semos Cloud

In this blog post, we’re going to talk about the impact of employee recognition on retention and talent attraction. After the 2008 recession, the trade deficit skyrocketed and the number of blue-collar workers fell from 24.6 Before we get into that, let’s first set the stage for the state of hiring in the manufacturing sector.

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Is the HR Accountable for Mass Layoffs?

Keka HR Blog

“Too often, they’re done for short-term gain, but the cost savings are overshadowed by bad publicity, loss of knowledge, weakened engagement, higher voluntary turnover, and lower innovation, which hurt profits in the long run,” write Sandra J. and General Motors Co., did not lead to profits as anticipated but caused productivity to decline.

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Engage to increase retention

CultureAmp

1] For these reasons and more, employee turnover can present a serious obstacle to an organization’s success. Thankfully, there are actions you can take that have been proven to improve retention. 3] Take the first step Even the most basic efforts to engage employees can help cut down on turnover. Turnover is costly.

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Engage to increase retention

CultureAmp

1] For these reasons and more, employee turnover can present a serious obstacle to an organization’s success. Thankfully, there are actions you can take that have been proven to improve retention. 3] Take the first step Even the most basic efforts to engage employees can help cut down on turnover. Turnover is costly.

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The Power of On-Demand Pay: Revolutionizing the Way Workers Access Their Earnings

Payactiv

Offering employees access to their earned wages and financial wellness tools can improve employee satisfaction and retention. Over half of North American employees are more stressed about their finances today than a year ago – the highest number reported since 2008. Easier Recruiting.

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10 Must-Know Employee Engagement Statistics For 2024

Vantage Circle

Additionally, these companies demonstrated a quicker recovery rate from the 2008 recession. It underscores the critical need for employers to reassess their employee retention strategies , focus on creating fulfilling work environments, and address the underlying issues causing this widespread desire to leave.