Achievers

DECEMBER 19, 2024

Did you know that for entry-level positions, turnover costs range from 30% to 50% of the employees annual salary ? To combat these challenges, many organizations turn to retention bonuses financial incentives designed to inspire loyalty and encourage employees to stay. What is an employee retention bonus?

Bonuses and Incentives 227

Bonuses and Incentives Retention and Turnover Assessment Software Recruiting Software 227

ShiftNote

APRIL 3, 2025

Getting Ready for Summer Weve all seen itMemorial Day hits and suddenly the line at Ritas Water Ice is wrapping around the corner, or the Alexs Lemonade Stand crew is hustling to keep up with a crowd that seems to appear out of nowhere. For more on this, check out our article on Reducing Employee Turnover.

Staffing Software 59

Staffing Software Planning Tools Staffing Bonuses and Incentives 59

Hppy

NOVEMBER 25, 2024

If you want to know how to effectively reduce employee turnover in the biomanufacturing industry, you need to understand the industry’s unique challenges, where turnover is high for several key reasons. So, what can you do to reduce employee turnover in biomanufacturing? This article offers several helpful suggestions.

Bonuses and Incentives 91

Bonuses and Incentives Retention and Turnover How To Industry 91

Netchex HR Blog

JULY 11, 2024

Struggling with the expense of turnover, employers are complaining about the end of workplace loyalty. Internal talent mobility is great for retention , and it benefits your company at the same time. Look for essential features in payroll software that let you manage incremental raises, overtime, and bonus incentives.

Hiring Software 105

Hiring Software 10KC Talent Experience Recruiting Software 105

AIHR

JULY 26, 2022

Let’s explore what headcount planning is and how you can implement headcount planning best practices at your business. Let’s have a look at what this means in recruitment. For example, HR financial planning impacts salary increases, health insurance, and monetary incentives (like sales incentives and retention bonuses).

HR Planning 143

HR Planning Planning Tools HR Software Hiring Software 143

AIHR

MARCH 21, 2023

Difference between attrition and turnover Types of attrition Factors impacting attrition How to calculate employee attrition rate The risks of high attrition rate for the business How to identify and analyze a high attrition rate HR strategies for reducing attrition rate What is attrition rate? Vacancies stay open for more extended periods.

Hiring Software 119

Hiring Software Retention and Turnover Compliance Training Compensation 119

Business Management Daily

NOVEMBER 11, 2024

Narrowing down exactly what it means can be confusing, as, at first glance, it may seem like a fancy word for human resource management. Compensation HCM strategically offers compensation through salaries, bonuses, perks, and employee benefits to attract and retain top talent.

Human Capital Management 52

Human Capital Management Hiring Software Onboarding Software Planning Tools 52

FingerCheck

OCTOBER 19, 2023

A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?

10KC 52

10KC Talent Experience Retention and Turnover Strategy 52

Achievers

JUNE 29, 2017

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

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Retention and Turnover Hiring Software Recruiting Software HR Planning 162

AIHR

FEBRUARY 6, 2024

If you’re wondering why recruitment goals are important, consider this: With unemployment at its lowest level in over 50 years , organizations are fiercely competing to land the best candidates to fill their vacancies. As business author Zig Ziglar said: “If you aim at nothing, you will hit it every time.”

AI Recruiting 105

AI Recruiting Video Recruiting Recruiting Software Hiring Software 105

Empuls

OCTOBER 9, 2023

Healthcare employee turnover:  stats & facts Healthcare employee turnover refers to the rate at which healthcare workers leave their jobs within a given time frame, either voluntarily or involuntarily, and are replaced. Here are some facts sheding light on the problem of turnover in healthcare industry.

Hiring Software 52

Hiring Software Staffing Software Recruiting Software Planning Tools 52

AIHR

FEBRUARY 28, 2024

HR analytics originates from data housed within Human Resources and is aimed at optimizing HR functions. Example: Annual employee turnover rate.) At AIHR, we see HR analytics as identifying the people-related drivers of business performance. The two may often be used interchangeably, but technically there is a subtle difference.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

Hoops

JUNE 10, 2025

Hiring the wrong insurance agents can cost $20,000–$60,000+ in lost productivity, missed sales, and turnover , considering the average earnings of insurance sales professionals ( U.S. Tap Local Colleges: Reach out to business students interested in insurance careers via university career centers, often at no cost. 300 referral bonus).

Hiring Software 147

Hiring Software Onboarding Software Recruiting Software Hiring 147

Sterling Check

APRIL 13, 2022

In fact, Expedia dubbed 2022 the year of the GOAT— greatest of all trips — predicting that this year’s leisure travelers are chomping at the bit for bigger, better vacations. The January Job Openings and Labor Turnover Report notes that new job openings have surpassed last year’s by 897,000. Retention Strategies are a Must.

Hiring Software 70

Hiring Software Onboarding Software Staffing Software Recruiting Software 70

AIHR

JULY 9, 2024

An Incentive Research Foundation study revealed that employee incentive and reward programs increased business productivity rates by 22% , while SHRM reported that 79% of employees would work harder if they felt their employer consistently recognized their efforts. Contents What is an employee incentive program?

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Bonuses and Incentives Examples Hiring Software HR Software 52

Extensis

JULY 24, 2024

Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. This can include wages and bonuses as well as recognition, workplace flexibility, and career opportunities.

Hiring Software 105

Hiring Software Assessment Software HR Planning Planning Tools 105

Empuls

SEPTEMBER 20, 2024

Employee incentives that work are essential for boosting motivation, engagement, and productivity within an organization. Research consistently shows that effective incentive programs lead to higher performance levels, lower turnover rates, and ultimately, a stronger bottom line. What is an Employee Incentive?

Bonuses and Incentives 52

Bonuses and Incentives Planning Tools Retention and Turnover Wage and Hour Training 52

AIHR

MAY 29, 2024

This can take many forms, from taking a course or certificate program like the ones we offer at AIHR to simply brushing up on their knowledge of (the latest) HR terms. It includes overtime pay , bonuses, sick leave payments, tips, commissions, and anything else paid in addition to someone’s regular earnings. ” 10.

COMPAS 113

COMPAS HR Software HR Planning Hiring Software 113

HR Lineup

JUNE 17, 2025

Employee motivation is at the heart of a thriving organization, and in 2025, businesses are increasingly turning to digital tools to recognize, reward, and retain their top talent. Employee incentive software plays a critical role in fostering a culture of appreciation, boosting productivity, and reducing turnover.

HR Software 52

HR Software Software Bonuses and Incentives AI Recruiting 52

HR Lineup

JULY 20, 2024

This can occur in various ways, from directly reaching out to employees through professional networks like LinkedIn to offering enticing incentives that lure them away from their current positions. Poor Communication: Ineffective communication and lack of transparency from management can contribute to employee disengagement and turnover.

Bonuses and Incentives 98

Bonuses and Incentives Hiring Software Retention and Turnover Interview Software 98

MTM Recognition

SEPTEMBER 4, 2024

Implementing an effective recognition program not only improves morale but can also drive better performance, increase safety awareness, and boost employee retention—key factors for decision-makers in this field. Implementing a tenure recognition program can help reduce turnover by acknowledging the dedication of long-term employees.

Retention and Turnover 98

Retention and Turnover Employee Recognition Bonuses and Incentives Benchmarking 98

Business Management Daily

JUNE 6, 2023

Extrinsic motivation encourages acting in a certain way to obtain an external incentive such as money, a perk, or public recognition. The bonus given to the month’s top performer at Jack’s company is an example. The global analytics firm Gallup regularly looks at this question in detail, so let’s look at some metrics.

Bonuses and Incentives 52

Bonuses and Incentives Retention and Turnover Video Recruiting Staffing Software 52

HR Lineup

SEPTEMBER 24, 2024

In today’s dynamic workforce, HTR has gained prominence due to its emphasis on improving employee experience, driving employee retention, and supporting business objectives through better management of human resources. Effective onboarding leads to higher employee satisfaction and retention.

Hiring Software 98

Hiring Software AI Recruiting Onboarding Software Recruiting Software 98

Ben Eubanks

APRIL 18, 2025

In addition, for the first time ever as part of our new UNLEASH partnership, we’ll be unveiling winners for Best in Class at the UNLEASH America conference in May. At a national retail group, the platform helped reduce turnover by 15%, improved communication, and cut manual HR tracking time by more than 50%.

HR Software 52

HR Software Hiring Software Onboarding Software Recruiting Software 52

15Five

APRIL 21, 2022

Because they’re not getting a complete picture, some employees may feel undervalued or under-compensated, ultimately leading to turnover. bonuses, commissions) Long-term incentives (e.g. That increased transparency can lead to better candidate acceptance rates and increased employee retention.

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Compensation Bonuses and Incentives Data Retention and Turnover 264

Vantage Circle

FEBRUARY 3, 2025

I’m sure you’ve played with puzzles at some point. Interestingly, employee retention works a lot like that puzzle. Also, you’ll be shocked to know that, The average cost of turnover per employee can be thousands of dollars. In this blog, we’ll discuss the five main drivers of employee retention.

Examples 66

Examples Retention and Turnover Bonuses and Incentives Hiring Software 66

Zalaris

JULY 25, 2024

High employee turnover can be costly, both in terms of recruitment expenses and the loss of institutional knowledge and expertise. By prioritising employee satisfaction and implementing effective retention strategies, companies can minimise these costs and maintain a stable, skilled workforce. These components include: 1.

Compensation 52

Compensation Bonuses and Incentives Recruiting Software Planning Tools 52

Vantage Circle

MARCH 26, 2025

These intangible rewards tap into our intrinsic motivation, fostering a sense of purpose that financial incentives alone can't match. Unlike bonuses that provide a temporary boost, intangible rewards cultivate long-term fulfillment. Intangible rewards are non-monetary incentives that do not have any direct financial value.

Examples 80

Examples Bonuses and Incentives Retention and Turnover Career Development 80

cipHR

AUGUST 9, 2023

At its best, data is an invaluable strategic asset. Turnover rate High staff turnover is expensive and can hurt morale and productivity. HR teams can track their overall turnover rate either month-by-month or annually, which includes all leavers including those who are dismissed, made redundant, or retire.

HR Planning 52

HR Planning Hiring Software HR Software Onboarding Software 52

Empuls

DECEMBER 19, 2024

In today's competitive business world, implementing impactful employee incentive ideas is essential for boosting motivation, engagement, and retention. Thoughtful incentive ideas can go beyond standard rewards to spark enthusiasm, increase loyalty, and foster a stronger sense of team unity. 

Bonuses and Incentives 40

Bonuses and Incentives Hiring Software Assessment Software Retention and Turnover 40

Hoops

MARCH 21, 2025

Its easy to assume that competitive pay is enough, but the reality is that there are several other factors at play. In this blog, well dive into 10 effective employee retention strategies that will not only help keep your best people but also foster a thriving work environment that employees will want to stick around for.

Retention and Turnover 130

Retention and Turnover Strategy Onboarding Software Hiring Software 130

HR Lineup

MARCH 29, 2024

Bonuses and Commissions: Additional incentives provided to employees based on performance, sales targets, or other predefined criteria. Overtime Pay: Compensation for hours worked beyond regular working hours, often paid at a premium rate.

Hiring Software 52

Hiring Software Wage and Hour Training Assessment Software Recruiting Software 52

Hoops

MARCH 21, 2025

When it comes to talent retention , companies are constantly searching for the secret sauce. Its easy to assume that competitive pay is enough, but the reality is that there are several other factors at play. However, the way compensation is structured can make a big difference in retention.

Retention and Turnover 130

Retention and Turnover Strategy Onboarding Software Bonuses and Incentives 130

Hppy

DECEMBER 17, 2020

When turnover is high in a business, it can have a negative impact on the culture, which in turn means that attracting the best talent is compromised. In this article we explore different ways to help build a successful employee retention strategy. Why care about employee retention? How to engage and motivate employee.

Hiring Software 143

Hiring Software Strategy Retention and Turnover Onboarding Software 143

HRsoft

APRIL 8, 2025

At the recent Consero Total Rewards conference, the HRSoft team explored how organizations can leverage pay-for-performance models to drive engagement, retention, and business growth. Balancing Short-Term and Long-Term Incentives A strong pay-for-performance model balances immediate rewards with future incentives.

Bonuses and Incentives 52

Bonuses and Incentives Retention and Turnover Compensation 10KC 52

Empuls

JANUARY 9, 2025

In this blog, we'll talk about the benefits of bonus programs, the types of incentives you can offer, and key aspects to keep in mind while designing an employee bonus program. Let's dive in and see how the right incentives can improve your sales performance! What is an employee bonus program?

Hiring Software 40

Hiring Software Bonuses and Incentives Planning Tools Recruiting Software 40

Vantage Circle

OCTOBER 18, 2024

A McKinsey study discovered that the turnover rate in the retail industry is 70% higher than in other industries. Therefore, building a motivated and engaged team and improving retention must be a priority for retail businesses, especially as they tackle low engagement levels and high turnover. What drives them to leave?

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Assessment Software Interview Software Recruiting Software Planning Tools 103