Remove ATS Remove Compensation Remove Employee Recognition Remove Retention and Turnover

Employee Retention and Turnover Solutions

Bonusly

To solve employee turnover, we look at employee retention best practices and organization-specific strategies. The CMO of People maps the employee experience from the employee’s perspective instead of HR’s perspective. Recognition.

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. Because of these issues, improving employee retention is important now more than ever. One of the best ways to do so is to put up an employee recognition program. .

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The Power of Employee Recognition

EmployeeConnect

Make no mistake, an organisation that fosters an environment that motivates employees and rewards positive behaviours will attract the best talent, maintain a strong, positive culture and retain the rockstars that outperform the competition. Decreased employee empowerment.

3 Employee Retention Best Practices

Achievers

We’ve all faced retention struggles : turnover, absenteeism, low morale and sluggish productivity. But if you already offer competitive compensation, what else can you do to make employees want to stay? Make sure appreciation starts at the top.

Who Owns Retention? The REAL Employee Turnover Problem

Achievers

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 WorldatWork Revealed About Employee Recognition Programs

Kazoo

The future of employee recognition programs was on display at this year’s WorldatWork Total Rewards Conference held in Dallas. Employee Recognition Programs Will Help Performance Management.

Causes of Employee Turnover

Bonusly

Turnover is influenced by many factors that generally come from two directions: external forces and internal forces. We’ll start with external forces, though, because it helps to be aware of how much they contribute to fluctuations so that you can make effective decisions about retention.

Compensation Wins Talent, Recognition Retains It

Achievers

Compensation as a motivator. Does compensation align your employees to your company’s mission and values? Actual motivators that drive performance include recognition, advancement, meaningful work, etc. How do we make employees stay?

Tips to Lower Staff Turnover

Astron Solutions

An early 2018 Glassdoor survey reported that close to 35% of hiring decision makers expect more employees to quit over the span of 2018 than they did in 2017. With a better economy and record low unemployment rates nationwide, employees now have options.

4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

The cost of employee turnover is outrageously high. When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement. Fostering employee engagement can be difficult.

11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it.

Rewarding Your Employees Could be a Path to Retention

Get Hppy

Virtually every organization has a problem with employee retention. As Willis Towers Research findings show, more than 25% of employees today are at a high risk for turnover. This means that companies have to try to avoid losing them at all costs.

The reward of employee retention

Ceridian

You already know excessive employee turnover is a bad thing. According to the National Federation of Independent Business, the cost of employee turnover can be anywhere from 150-200% of your employee’s salary. priority will be employee retention.

What’s Keeping HR Up at Night in 2020?

HRExecutive

Slightly more than half of the respondents worry about retaining key talent, with the next most common concern being developing leaders and succession planning, followed by improving the employee experience, and driving innovation and helping teams work together.

5 Biggest Challenges for HR Leadership Teams

Achievers

As a seasoned HR professional and the Chief People and Culture Officer at Achievers, I understand the challenges that come with being an HR leader. On a parallel track is the need to provide support for employees battling mental illnesses such as depression. Keeping employees engaged.

Turning New Hires into Engaged Employees – 3 Quick Tips for Success

Achievers

Studies on turnover estimate that when an employee leaves a company, it can cost the organization between 30 to 250 percent of that person’s annual salary due to factors like loss of productivity and other associated replacement costs.

7 Simple But Powerful Ways to Lower Employee Turnover Rate

Bonusly

Your organization's employee turnover rate can have a major impact on its trajectory, and if you're having trouble with it, you're not alone. Despite its important place in a successful operation, turnover is still one area even the best companies struggle with.

Measuring Employee Satisfaction Through Voluntary Turnover

Benefit One USA

Schedule, workload, environment, salary, culture, values, management – these all affect employee satisfaction in one capacity or another. Although there’s no such thing as the “perfect job” (or the perfect employer, for that matter), odds are that high turnover means there’s an issue in one or more of these areas. Based on trends measured by CompData surveys, the gap in voluntary turnover from one area to the next can be quite significant.

Bridging the Appreciation Gap: How Employees Prefer to Give and Receive Recognition at Work

Bonusly

You just did something amazing at work! A shout-out at your company’s next all-hands meeting? At its core, employee recognition is the open acknowledgment and expressed appreciation for employees’ contributions to their organization. Employee Recognition

8 Top Employee Retention Factors

Vantage Circle

Employee retention refers to the ability of an organization to retain its employees. Employees are the lifeline of any organization. When these skilled employees walk out of the door, it becomes difficult to find good replacements. High turnover not only affects an organization’s bottom line but also is a costly process. And it is often more difficult to train new employees. Even with good compensation and benefits, employees quit.

How General Motors Engages a Global Workforce Through Recognition

Achievers

Are you struggling to engage your employees? With only 21 percent of employees engaged and disengagement costing employers up to $550 billion every year, companies are on the hunt for better employee engagement strategies. The key to engaging a global workforce: recognition.

What Your Employee Turnover Rate Says about Your Company

Workstride

Hiring and retaining talented employees is crucial to the success and growth of any business. It might seem relatively easy to replace an entry-level employee, but replacing even one entry-level employee could cost up to 50 percent of their annual salary. Reducing Turnover Rate.

The Proven Links Between Retention and Employee Experience

WorkHuman

Retention and employee experience are two sides of the same coin. Here’s a quick story: In one of my previous roles at a different company, a new senior leader came on and laid off half of our department. We know this happens at companies all the time.

Understanding Why Employees Quit

Achievers

Knowing what makes employees quit — and then heading off those problems — is the goal of every HR department. While you’ll never be able to avoid individual events that disrupt the lives of workers and their families, it’s helpful to have an overview of preventable causes for employee churn.

Understanding Why Employees Quit

Achievers

Knowing what makes employees quit — and then heading off those problems — is the goal of every HR department. While you’ll never be able to avoid individual events that disrupt the lives of workers and their families, it’s helpful to have an overview of preventable causes for employee churn.

How Do You Retain Employees?

Best Money Moves

How do you retain employees? Forty-three percent of workers will look for a new job in the next year, putting employer focus on retention strategies. More than 80 percent of employers are concerned about retaining employees — and with good reason. More on How to Retain Employees.

5 Ways To Recognize Employees in the Transportation & Logistics Industry

CoreCentive

That’s an especially big problem in an industry already facing high turnover. This article will examine strategies companies can use to address this problem head on and boost employee engagement. Every company has a vested interest in the health of its employees.

Workers Want Money, Money, Money

HRWatchdog

Money is the biggest incentive for employees to stay at their current jobs. This may explain why 81 percent of employers are concerned about keeping their valued employees, including 33 percent of employers who are very concerned. Enhancing compensation and benefits (40 percent).

How to Use People Analytics and Recognition to Strengthen Culture

Bonusly

When we spoke with people analytics thought leader Lisa Donchak of the Wharton School, she explained, “Even 15-20 years ago, there were very few institutions rigorously collecting this data about anything, much less about their employees or who they might want to hire.”.

Expense-Free Employee Appreciation Ideas That Really Work

Rise

According to recent research from the Workforce Institute at Kronos Inc., almost 50% of employees feel underappreciated at work. Team retention is a growing concern for people and culture leaders, but the solution to high turnover rates might be simpler than you expect.

The #1 Reason People Leave A Job Might Surprise You

SuccessFactors

Do you know the number-one reason employees leave a job? Multiple surveys have confirmed a manager can make or break an employee’s experience. A study by employee engagement firm TinyPulse identified various behaviors impact retention, such as micromanagement and a lack of opportunities for development. Gallup found “at least 75 percent of the reasons for voluntary turnover can be influenced by managers.”. People spend much of their waking hours at work.

A 7-step plan for improving your company’s workplace culture

HR Morning

Most of us spend too much time at work. When you account for the commuting to and from the office; the time spent at night and on weekends preparing reports, presentations, and other work-related projects; and even the time we spend thinking and worrying about work, it’s fair to say that we spend most of our time working. And when that happens, spending so much time at work can be discouraging, disappointing and depressing. Implement employee rewards programs.

Bersin Says “Thanks” Critical for Employee Engagement

RecognizeThis!

— There are many drivers of employee engagement, but feedback, recognition and “thanks” lead the charge. In my last two posts on Compensation Cafe, I shared important research from IBM Smarter Workforce (more on that later this week) and from Bersin by Deloitte.

6 Reasons You Should Care About Performance Reviews

SAP Innovation

When you have a poorly designed and conducted performance review process , that’s often the type of responses you can expect from employees. When properly executed, performance reviews help your company: Engage your employees. Improve employee communication and engagement.

A Paycheck Is Not Recognition for a Job Well Done

Compensation Cafe

That’s recognition enough.”. Pay and recognition serve very different needs, but they are in a symbiotic relationship when it comes to fulfilling those employee needs. And pay raises, consistently and appropriately given, won’t meet the higher-order employee needs, either.