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Strategies for Employee Retention in 2020

HRIS Payroll Software

Employee retention is a top priority for many companies. High rates of turnover cost a lot of money. The cost of high turnover can be up to double the salary for the open position. The cost of high turnover can be up to double the salary for the open position. But what can employers do to prevent turnover?

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Heart to Heart: 7 Strategies to Improve Remote Employee Relations

SwipeClock

Good employee relations result in lower turnover and higher productivity. It has never been more important for managers to step up their efforts to support and engage remote employees. (As Let’s look at some numbers about labor relations and job satisfaction: Employee Relations Strategies: 5 Takeaways.

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Public Companies Respond to SEC Human Capital Disclosure Requirement

Trusaic

Effective November 9, 2020, the amendments added human capital resources as a disclosure 101(c). The new requirement is in line with the SEC’s recent steps to take a closer look at disclosures related to environmental, societal, and governance (ESG) issues and approve a new board diversity rule for public companies listed on Nasdaq.

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How Artificial Intelligence is Helping in Employee Retention

Bonfyre

Employers will spend a staggering $680 billion is predicted to be spent on employee turnover expenditures by 2020, according to the 2018 Retention Report published by the Work Institute. It also listed the 50 most common reasons why employees decide to leave their employments. Actioning on Employee Pain Points.

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Why Corporate Transparency is a Win-Win for Business, Consumers, Top Talent

Visier

The survey found that in 2020 and 2021, nearly half of millennials and Gen Zs made employment decisions based on the business’s ethics. According to the Cornell University Institute of Labor Relations, 2021 saw 365 labor strikes in the United States. That’s compared to only eight major strikes in 2020. million in July 2021.

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What Are the Most Important Onboarding Forms?

ExactHire

You’re one of the few employers that recognizes that turnover is costly and mostly preventable. An effective onboarding process—complete with the most important onboarding forms—is the first step to creating productive, long-term employees. Employee separations are costly to a company’s bottom line.

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What Is Workforce Analytics? Explain Its Importance.

U-Next

Companies can adjust recruitment efforts, measure diversity efforts, or evaluate employee engagement without having to resort to invasive or subjective methods that might generate false results by analyzing when the number of applicants is higher during certain times of the year. . Million by 2020. to USD 860.4