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The Importance of Employee Retention

The Incentive Solutions News blog

While no two successful companies are exactly alike, they all have one thing in common: an employee retention strategy. Happy employees make productive employees, and smart businesses know that high employee turnover can harm a company financially and affect company morale. Why is employee retention important? Built In ).

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Sumser tech spotlight: This hiring tool ‘distinguishes itself’

HRExecutive

Unlike most HR tech entrepreneurs, Mike cares little about money except as a measure of market-product fit. (Of Once Catalyte turned 10 (in 2010), Rosenbaum began incubating what was to become Arena. In many lower-status parts of healthcare, retention is a critical issue that drives profitability.

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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. million in 2010. Above all, manufacturers have to solve a deep cultural problem and project an image of an appreciative, people-centered employer to win over skeptics and maintain a growing and productive workforce.

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The Cost of Turnover: Lost Productivity and Financial Stress

Payactiv

The inability to save and have financial stability creates significant stress for employees, which leads to loss of workplace productivity. Lost productivity due to absenteeism One in five employees misses work to deal with a financial problem, according a 2014 Consumer Finance Protection Board report.

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Predicting Employee Turnover using R

Analytics in HR

Employee turnover is a major challenge for companies today, especially when the labor market is competitive and certain skills are in high demand. When an employee leaves, not only is the productivity of that person lost, but the productivity of many others is impacted. Retention of valued employees makes good business sense.

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People Analytics and HR-Tech Reading List

Littal Shemer

It is primarily focused on examples related to the analysis of people and talent, and includes a step-by-step guide and easily reproducible examples and code so that the methods can be put into practice immediately” The Science of Dream Teams: How Talent Optimization Can Drive Engagement, Productivity, and Happiness Mike Zani (2021).

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Does a Formal or Informal Outfit Boost Office Productivity?

HR Daily Advisor

Does dressing comfortably increase or decrease productivity though? For the sake of staff retention, should dress codes be relaxed? Employers are aware of how high staff turnover can have great cost and productivity implications. In fact, between 2010 and 2016, the creative industries sub sectors (i.e.,