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5 Keys to an Effective Retention Strategy for Healthcare HR

Precheck

5 Keys to an Effective Retention Strategy for Healthcare HR Jun. The healthcare workplace has long been plagued by a shortage of qualified workers and an employee turnover rate of around 20% in 2018, higher than the all-industry average of 15%. Employers should be focused on retention from an employee’s first day on the job.

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What Is Your Onboarding Data Telling You?

ExactHire

An effective onboarding process can have a positive impact on nearly every aspect of your business, from improving retention and engagement to strengthening your company’s culture and employer brand. And that turnover is expensive. In fact, not delivering on promises is the fastest growing cause of voluntary turnover.

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Preparing for Upcoming FLSA Changes: Revisiting the FLSA, and the Importance of Complying with Overtime Regulations

MP Wired For HR

In return, this loyalty reduces turnover, thereby reducing recruitment costs in the long run. Labor laws are designed to protect the rights and interests of employees, and employer compliance ensures that workers receive fair wages, overtime pay, benefits, and safe working conditions.

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10 HR Challenges and How to Overcome Them

Intoo USA

In fact, the 2018 Global Leadership Forecast, which integrated data from 25,812 leaders and 2,547 HR professionals across 2,488 organizations, found that having a formal mentorship culture lowers turnover by 20%. Use your learnings and their guidance to create company handbooks that every employee receives and can understand.

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10 HR Challenges and How to Overcome Them

Intoo USA

In fact, the 2018 Global Leadership Forecast, which integrated data from 25,812 leaders and 2,547 HR professionals across 2,488 organizations, found that having a formal mentorship culture lowers turnover by 20%. Use your learnings and their guidance to create company handbooks that every employee receives and can understand.

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What Are the Phases of Onboarding?

ExactHire

For example, taking the time to make the best impression for new hires can help increase employee retention. Remember that onboarding is a key factor in employee retention. Most employee turnover happens in the first year of employment. Onboarding is your secret weapon for attaining all sorts of goals for your business.

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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. Turnover costs increase if an employee leaves before his first anniversary. For example, in January 2020, 62 percent of separations were voluntary quits. Employee separations are costly to a company’s bottom line.