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Unlock the Power of Employee Recognition in Healthcare and Hospitals

CoreCentive

In the dynamic world of healthcare and hospitals, where lives are on the line daily, employee burnout, turnover, and shortages can have serious consequences. As a trusted partner in creating and managing robust employee recognition programs, CoreCentive understands the unique challenges faced by healthcare HR professionals.

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5 Ways to Address the Healthcare Industry’s Turnover Crisis

Fond

in September 2019 , the lowest it’s been since December 1969. Simultaneously, hospital turnover increased by 0.9% Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. Average turnover in healthcare jobs is second only to the hospitality industry. .

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Recognition Boosts Employee Engagement and Productivity | ClearCompany

ClearCompany HRM

This post was originally published in October 2019 and updated in July 2022 to reflect new information about how employee recognition impacts employee engagement and productivity. According to a recent Gallup poll , we’re in an employee engagement slump: only 32% of U.S. Why is employee recognition so important?

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The True Costs of Employee Turnover

15Five

We know turnover is expensive, but its costs aren’t just financial — they manifest as lost productivity, lowered innovation, weakened team bonds, and reduced agility. As of 2019, US companies were losing a staggering trillion dollars a year to turnover. Direct and indirect costs of turnover. Direct turnover costs.

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How to Sell Employee Recognition to Your Leadership Team

Bonusly

Do you believe employee recognition is given out fairly and frequently at your company? in 2019 found that 89% of executive-level leaders believed recognition was doled out fairly at their companies, whereas only 62% of people in intermediate positions believed that to be true. Employee turnover and retention.

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Avoiding Employee Turnover: Long-Term Benefits of a Happy Workforce

6Q

So, when employees are leaving the organisation in droves, it becomes a major cause for concern. A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company.

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Solving the Construction Industry’s Retention Issues With Employee Recognition

Terryberry

The construction industry has been faced with a persistent challenge for years—high employee turnover. In the latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics, the construction industry had the second-highest employee turnover rate at 5.6% , which amounted to 418,000 separations in September 2019. .