article thumbnail

17 Employee Retention Statistics That Are Required Knowledge in 2024

15Five

Here’s a treasure trove of stats on employee retention in 2024. Employee Turnover Statistics Quit rates decreased from Q4 2022 to Q4 2023. Fewer people quit their jobs at the end of 2023 (2.2%) than at the end of 2022 (2.7%). Fewer people quit their jobs at the end of 2023 (2.2%) than at the end of 2022 (2.7%).

article thumbnail

7 Employee Engagement Strategies for 2022 | ClearCompany

ClearCompany HRM

Head into 2022 with new ideas to engage your A Players. Employee feedback — both given and received — is an extremely valuable tool for engagement, performance, and retention. Regular feedback can lead to nearly 15% lower turnover, and as we know, a great majority of employees want more feedback. Be Transparent.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Measure HR Effectiveness with 12 Key Metrics

15Five

(It’s also helpful to reference when asking for support on programs to boost retention. The less turnover you have, the less you have to spend on filling vacant roles.) Employee engagement rate Gallup’s 2022 State of the Global Workplace report shows only 21% of employees are engaged at work.

article thumbnail

10+ Employee Retention Strategies for 2023 to Keep Your Top Talent

Analytics in HR

Investing finite resources into effective employee retention strategies will play a pivotal role in the success of your organization. Let’s explore why employee retention matters and the best employee retention strategies HR can implement in the business. Let’s explore why employee retention matters in more detail.

article thumbnail

15Five Celebrates HR Leaders Making an Impact With the Second Annual High Five Awards

15Five

Winner: Joey Perez from Karius Joey joined Karius at a critical time when there was no performance management process or system in place. He has shown performance mastery by spearheading the implementation of a thorough performance management process using Best-Self Reviews, and made it seamlessly linked to organizational objectives.

article thumbnail

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. A lack of engagement can lead to a decrease in productivity and employee retention — and it’s expensive, too. 43% lower turnover for low-turnover companies.

article thumbnail

The Top Predictor of Higher Ed Employee Retention May Surprise You

Cupa HR

In 2022-23, turnover of higher ed employees was the highest in five years. A new report from CUPA-HR explores the issue of higher ed employee retention and the factors that impact retention. But while pay is the top concern mentioned by employees, retention challenges are more complex. Check out our press release.