Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

Fond

JANUARY 21, 2020

Simultaneously, hospital turnover increased by 0.9% Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. High Turnover and High Growth. The Cost of Turnover.

Retention and Turnover 111

Retention and Turnover Onboarding Software Hiring Software Staffing Software 111

DailyPay

NOVEMBER 13, 2018

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at employee turnover rates for hotels. There are ways to reduce turnover in the hospitality industry.

Retention and Turnover 52

Retention and Turnover Industry Wage and Hour Training Staffing Software 52

DailyPay

JULY 13, 2021

The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often. READ THE EBOOK.

Wage and Hour Training 52

Wage and Hour Training Retention and Turnover Hiring Software Compliance Training 52

DecisionWise

APRIL 13, 2024

Employee engagement and retention play a pivotal role in the success of any organization, and manufacturing companies are no exception. In this article, we’ll delve into strategies to enhance employee satisfaction, reduce turnover, and create a positive work environment within manufacturing organizations.

Employee Engagement 130

Employee Engagement Decisionwise Retention and Turnover Onboarding Software 130

Empuls

SEPTEMBER 29, 2023

However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%. High attrition rates have long plagued the call center industry.

Hiring Software 40

Hiring Software HR Software Recruiting Software Staffing Software 40

DailyPay

NOVEMBER 6, 2018

What does turnover look like in the caregiving industry and how are recruiting and retention practices evolving? Understand the effects turnover has on the healthcare industry and reduce it. The staffing issues at caregiving facilities are a result of several factors. The Cost of Turnover in the Caregiving Industry.

Retention and Turnover 52

Retention and Turnover Wage and Hour Training Industry Staffing Software 52

Business Management Daily

FEBRUARY 26, 2024

By keeping track of essential HR metrics like employee turnover rate, time to fill, and recruitment costs — you’ll have a solid grasp of your strengths and top areas for improvement. For example, measuring your employee productivity will let you know how much work your team can get done during the day.

HR Planning 98

HR Planning HR Software Hiring Software Retention and Turnover 98

Homebase

MAY 10, 2023

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Staffing Software 52

EmployeeConnect

FEBRUARY 12, 2023

Employee retention is a critical issue facing companies in today’s competitive business environment. In this article, we will explore the causes of employee turnover, the benefits of employee retention, and the best practices and strategies for managing a successful and productive workplace.

Hiring Software 130

Hiring Software Retention and Turnover Onboarding Software Productivity 130

ClearCompany HRM

JULY 28, 2022

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. employees are engaged at work, and 17% are actively disengaged. Organizations with highly engaged employees report: 18% higher productivity for sales teams.

ClearCompany 431

ClearCompany Employee Engagement Hiring Software Productivity 431

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

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Retention and Turnover HR Planning Onboarding Employee Recognition 198

Insperity

JANUARY 21, 2021

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee turnover? So, the turnover rate in this example is 21.62

Retention and Turnover 77

Retention and Turnover Hiring Software Onboarding Software Retirement 77

15Five

DECEMBER 7, 2023

Pendo is a trailblazer in product experience platforms. Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. Scott Morgan, Head of Growth at Pendo, experienced this firsthand as Pendo expanded from 200 to 1,000 employees.

Onboarding Software 205

Onboarding Software Onboarding Retention and Turnover HR Software 205

ClearCompany HRM

APRIL 12, 2022

As workers continue to resign, the benefits of employee retention have never been so apparent and companies are naming retention a top priority this year. With 50% of CEOs saying that recruitment and retention are one of their biggest challenges in 2022, it’s time to turn to more creative ways to retain employees.

ClearCompany 384

ClearCompany Hiring Software Retention and Turnover Interview Software 384

Sterling Check

JUNE 1, 2022

According to a recent NSI Nursing Solutions report , the turnover rate in hospitals now stands at 25.9%, resulting in the average hospital losing between $5.2M-$9.0M each year in associated turnover costs. Addressing employee retention can help lower costs associated with hiring, boost employee morale, and reduce turnover.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Staffing Software 52

Essium HRM

NOVEMBER 8, 2023

Ideally, you want to cover a few separate areas in the survey, ensuring you get a comprehensive look at how new hires view the experience. Time-to-Productivity Metrics A robust onboarding program provides new hires with the knowledge and skills required to perform the duties associated with their roles.

Onboarding Software 79

Onboarding Software Onboarding Hiring Software Retention and Turnover 79

Cloverleaf

FEBRUARY 16, 2023

Or, your organization is faced with making difficult decisions about staffing levels and restructuring , which can lead to layoffs and increased turnover. By taking a proactive approach to managing labor turnover, businesses can minimize its impact and ensure the organization's continued success. Organizational loyalty is a real thing.

Hiring Software 69

Hiring Software Strategy Onboarding Software Retention and Turnover 69

ClearCompany HRM

JANUARY 25, 2022

There’s no better year than 2022 to prioritize employee retention — after all, we’ve all heard of the Great Resignation. So, refresh your employee retention strategies for 2022 by tuning into the job market and the demands of today’s labor market. less turnover. Employees stay up to 41% longer at companies that hire internally.

ClearCompany 370

ClearCompany Hiring Software Onboarding Software Retention and Turnover 370

15Five

JANUARY 11, 2023

If you’re at the coffee bar throwing back espresso shots this morning because you were up all night worrying about turnover at your company, you’re not alone. 15Five’s latest research shows that more than 80% of business leaders believe a decrease in employee retention presents a risk to company success. What is turnover?

Retention and Turnover 182

Retention and Turnover Retirement HR Software Talent Experience 182

ExactHire

NOVEMBER 10, 2022

Employee retention is the secret ingredient for long-term growth and competitive differentiation. Why is Employee Retention Important? High retention helps attract the best talent as a company grows. This is because h igh employee retention rates contribute to: Consistency in operations leading to efficiency and growth.

Retention and Turnover 246

Retention and Turnover Hiring Software Onboarding Software Onboarding 246

HRExecutive

APRIL 8, 2024

Just consider the amount of productivity, experience and institutional knowledge that voluntarily walked out the door at the height of the Great Resignation. Higher workloads and lower morale among remaining employees are possibilities, as are disengagement, decreased productivity and the loss of critical skills and leadership.

Retention and Turnover 100

Retention and Turnover Onboarding Software Recruiting Software Planning Tools 100

Zenefits

NOVEMBER 8, 2022

Employee turnover is typical for most businesses. A high turnover rate deals damage from multiple angles, from the expense of recruiting and training new hires to the loss of institutional knowledge and a tarnished reputation. businesses lose an astounding $1 trillion annually due to voluntary turnover. Training and onboarding.

Retention and Turnover 36

Retention and Turnover Hiring Software Compliance Training HR Planning 36

EmployeeConnect

FEBRUARY 14, 2024

One constant challenge remains at the forefront: Talent Acquisition and Retention. High turnover rates not only disrupt workflow but also incur significant costs associated with recruitment , onboarding, and lost productivity. Simultaneously, retaining these talents is proving to be just as challenging.

Talent Acquisition 148

Talent Acquisition Hiring Software Recruiting Software HR Software 148

Fond

AUGUST 27, 2020

Today’s human resources professionals understand that finding and hiring top talent is only half the battle — if you’re replacing standout employees every couple of years, it’s time to seek out new employee retention ideas that will motivate employees to stay with your company. Why We Need to Talk About Employee Retention.

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Retention and Turnover Hiring Software HR Planning Planning Tools 128

HR Digest

APRIL 9, 2023

Employee turnover is a common issue in most organizations. It refers to the rate at which employees leave an organization, either voluntarily or involuntarily, and must be replaced. While a certain level of turnover is inevitable, high turnover rates can be detrimental to an organization’s performance, productivity, and profitability.

Retention and Turnover 114

Retention and Turnover Interview Software Talent Management Retirement 114

Hppy

SEPTEMBER 12, 2023

These schedules not only reduce staff turnover but also improve employee engagement & satisfaction. But what are these alternative work schedules, and how can they help boost employee engagement and retention? For instance, parents with multiple responsibilities at home may prefer to work in the evening/night hours.

Employee Engagement 185

Employee Engagement Retention and Turnover Workday HR Software 185

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

HR Planning 188

HR Planning Retention and Turnover Objectives & Key Results HR Software 188

15Five

JULY 20, 2023

HR Outcomes: An overview At 15Five, we have spent years working hand-in-hand with thousands of HR leaders on their most important priorities, learning precisely which outcomes make the biggest impact on a business. After all, why hire someone who doesn’t work at their best? But how exactly can HR impact business results?

HR Planning 160

HR Planning Retention and Turnover Hiring Software HR Software 160

15Five

JANUARY 17, 2023

We know turnover is expensive, but its costs aren’t just financial — they manifest as lost productivity, lowered innovation, weakened team bonds, and reduced agility. As of 2019, US companies were losing a staggering trillion dollars a year to turnover. Direct and indirect costs of turnover. Direct turnover costs.

Retention and Turnover 130

Retention and Turnover Hiring Software HR Planning Onboarding Software 130

Hppy

JANUARY 31, 2024

AI, the technology that is revolutionizing efficiency, is poised to transform your recruitment and retention strategies. Janet Clarey, Director of HR Research and Advisory Services at McLean & Company, emphasizes the importance of employees recognizing opportunities for advancement. times higher likelihood of involvement.

Recruiting Software 113

Recruiting Software Onboarding Software Assessment Software Interview Software 113

Hppy

DECEMBER 25, 2023

In the persistent battle for talent, appreciating the influence of employee benefits on retention rates can give HR professionals the upper hand. Image by Drazen Zigic on Freepik Understanding the Concept of Talent Retention Talent retention refers to a company’s ability to keep its most valuable employees.

Employee Benefits 113

Employee Benefits HR Planning HR Software Retention and Turnover 113

Hppy

OCTOBER 30, 2023

For HR Managers, Chief Talent Managers, and Chief Happiness Officers, employee engagement and retention are top-of-mind concerns. But did you know that wellness challenges are an underutilized strategy with high ROI for boosting engagement, wellness, and talent retention?

Retention and Turnover 113

Retention and Turnover Wellness HR Software Analytics 113

Analytics in HR

JANUARY 4, 2024

Turnover and attrition are two basic HR metrics that companies should monitor on a regular basis. The data helps HR and management understand how long employees typically stay with an organization, and provides insight into what may or may not drive retention. Contents What is turnover? What is attrition?

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Retention and Turnover HR Planning How To Retirement 84

UKG

AUGUST 31, 2023

How to Reduce Turnover in Manufacturing heather.vanhou… Thu, 08/31/2023 - 13:23 Main Image Background Color Yellow Body It is no surprise that the tight labor market continues to be a critical issue as manufacturing organizations try to expand and meet escalating demands head-on. The struggle to fill critical labor gaps is real—and expensive.

Retention and Turnover 98

Retention and Turnover UKG Hiring Software Onboarding Software 98

Hppy

APRIL 9, 2021

Employee turnover is expensive on many levels to the employer. The good news is that turnover can be significantly decreased through some simple scientifically-backed strategies. There is a certain degree of overlay between recruitment and retention incentives. One way to achieve this is through team-building activities. .

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Retention and Turnover Strategy Team Building Recruitment 185

Analytics in HR

JUNE 28, 2022

Employee attrition and employee retention are important HR metrics for developing and managing a robust, productive workforce, especially in the context of Great Resignation. Employee attrition and retention are two concepts on the opposite ends that address the same situation. What is employee retention?

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Retention and Turnover Metrics Employer Branding Talent Experience 129