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Does Your Company Have a Healthy Employee Retention Rate?

Zenefits

Turnover is expensive for any employer. Every organization that employs people will have at least some turnover. Every organization that employs people will have at least some turnover. Should you have a goal for your employee retention rate? What Is a Good Employee Retention Rate? Let’s take a look.

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Research: Employee Retention a Bigger Problem Than Hiring for Small Business

Zenefits

Perhaps it’s natural, then, that employers are struggling to keep workers and an overwhelming majority (81%) of businesses agree employee turnover is a “costly problem.” . The consequence of under-servicing clients or customers at small or mid-businesses is far more severe than larger companies. Click to enlarge.

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Employee Turnover Is a More Costly Problem than Researchers Thought, Here’s Why

Zenefits

Researchers have been studying employee turnover —the causes of it, and how to prevent it—since the 1900s. . But our researchers believed looking at the other side of the employee turnover equation— the ways in which employers are impacted by employees who quit— could be more easily understood. . Turnover is a “costly problem.”.

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The 5 Primary Costs of Employee Turnover and How to Manage Them

Zenefits

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.

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Since they began studying the topic in the 1900s, analysts have identified countless reasons for employee turnover. How can you use this to improve your retention?

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Zenefits and the Compounding Effect of Cultural Assessment

Women of HR

When HR managers shout from the rooftops that corporate culture can be the downfall of an organization (or at the very least a huge stumbling block) if not properly cultivated and managed, we’re quite often met with an exasperated response. You build it, and you just sort of place policies and procedures to make sure it works, right?

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Everything You Need to Know About Workforce Optimization

Zenefits

Workforce optimization helps you secure the appropriate number of workers to manage business demands at all times. Increased retention. By taking the necessary steps to keep your employees engaged and satisfied at work, you give them a compelling reason to stay with your company. Improved staffing, efficiency, and productivity.