Netchex HR Blog

MAY 16, 2023

Retention is a top priority in most HR departments. Recruiting new employees is expensive and time consuming. Turnover problems will continue if employees don’t feel engaged. An employee engagement survey is one of the best tools for measuring and tracking engagement. What is a stay interview?

Interview Software 90

Interview Software Retention and Turnover Hiring Software Recruiting Software 90

Analytics in HR

AUGUST 15, 2023

An employee recognition program can help your company retain employees, improve productivity and recognize employee performance. In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism.

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Employee Recognition Assessment Software HR Software Recruiting Software 89

Unicorn HRO

MAY 25, 2023

The Importance of Employee Retention: Boosting Productivity and Cost Savings The efforts put into retaining employees not only yield increased productivity but also lead to cost savings. In contrast, the process of recruiting and training new staff members consumes valuable resources and time.

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Retention and Turnover Productivity Benchmarking Employee Recognition 52

Semos Cloud

OCTOBER 7, 2022

Employee Recognition Statistics Leaders Must Know in 2022. HR managers know why recognition impacts the workforce’s health and businesses’ bottom line. Read on for the latest compilation of employee recognition stats for when you need to influence the stakeholders with some impactful data. October 7, 2022.

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Employee Recognition Retention and Turnover HR Planning Talent Experience 52

Vantage Circle

SEPTEMBER 28, 2023

And that is something this blog will cover and give you a good headstart on how you can start your employee recognition program. According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Key Takeaways Understand what a recognition program is.

Employee Recognition 52

Employee Recognition Hiring Software HR Software Onboarding Software 52

Achievers

DECEMBER 6, 2016

Social Media and Blog Manager, Achievers. Do your employees feel recognized? Think carefully, because over 65 percent of employees report they don’t feel recognized at work. And lack of recognition just happens to be the number one reason why employees quit. The Case for Employee Recognition E-Book.

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Employee Recognition eBook Employee Engagement Retirement 92

Achievers

JANUARY 24, 2017

Social Media & Blog Manager, Achievers. For Achievers and the Engage Blog, 2016 was extremely eventful. Here on the Engage Blog, readers enjoyed a wide variety of HR topics in 2016. To recap the hottest HR themes from last year, we’ve compiled our top 10 blogs of 2016. By: Kellie Wong. How fast time flies!

HR Software 92

HR Software HR Planning Hiring Software Retention and Turnover 92

Extensis

APRIL 24, 2024

Quick look: A strong corporate culture is tied to improved market performance, reduced turnover, enhanced innovation, and more. ” Enhanced innovation : Supportive workplace cultures naturally produce employees who feel comfortable sharing new ideas and ways of thinking.

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Employer Branding HR Planning Retention and Turnover How To 102

Empuls

DECEMBER 18, 2023

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. However, there's no need to worry. 

Retention and Turnover 40

Retention and Turnover Hiring Software Onboarding Software Bonuses and Incentives 40

Analytics in HR

AUGUST 15, 2023

An employee recognition program can help your company retain employees, improve productivity and recognize employee performance. In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism.

Employee Recognition 52

Employee Recognition Assessment Software HR Software Recruiting Software 52

Extensis

MARCH 3, 2023

However, properly recognizing employees’ hard work may not be as simple as it seems. Here, explore the business benefits associated with thanking your staff, four tips on how to create an employee recognition program, and how a PEO can help. Hiring advantages : Today’s top talent wants to know their hard work won’t go unnoticed.

Employee Recognition 52

Employee Recognition Hiring Software Video Recruiting HR Planning 52

Semos Cloud

MARCH 21, 2023

Category All, Best Practices How to Create a Connected Recognition Experience One of the chief goals of dedicated EX-centered companies is to provide its employees with a connected recognition experience to deliver a full cultural impact. With that in mind, here is how to create a connected recognition experience.

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HR Software Staffing Software Onboarding Software Talent Experience 52

Achievers

JANUARY 19, 2021

Once you develop a strong company culture, it will be easier to not only retain employees, but also attract new top talent. It is well understood that a high employee turnover is costly. Avoid the high cost of turnover by focusing on your organizational culture. Live and breathe recognition. ” . “Our

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Retention and Turnover Employee Engagement Employee Recognition Study 321

Achievers

NOVEMBER 1, 2016

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? Furthermore, this cost estimate is only an average; replacing more specialized employees can often run into six figures! The dimensions of the problem.

Retention and Turnover 92

Retention and Turnover Company Onboarding Software Hiring Software 92

Netchex HR Blog

MARCH 12, 2024

Minimize turnover Workers who feel connected to their job and their colleagues are less eager to find jobs elsewhere. Reduce turnover by putting your people first. Make sure your leaders understand the importance of employee recognition for engagement and productivity.

Employee Engagement 96

Employee Engagement Hiring Software Policies Onboarding Software 96

Business Management Daily

MAY 17, 2022

A survey in 2020 found that only a third of employees plan to stay in their current jobs—a massive dip from nearly 50 percent the year prior, which has some human resources departments scratching their heads. Is employee retention doomed? Have engaged employees vanished into thin air? The 3 Things Employees Need.

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Employee Engagement Retention and Turnover HR Planning Hiring Software 59

Achievers

MAY 23, 2017

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. In addition to costing your company a fortune, it can discourage talented employees from joining your organization.

Retention and Turnover 105

Retention and Turnover Hiring Software Employee Engagement Recruiting Software 105

Achievers

FEBRUARY 2, 2021

These are benefits an employer voluntarily offers employees, and benefits programs are a top employee recruitment, retention, and engagement strategy. . Below are some of the benefits considered most important to engaging employees. . Employee recognition . What are benefits that are voluntary?

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Employee Benefits Hiring Software Recruiting Software Planning Tools 237

Vantage Circle

JANUARY 28, 2019

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. Even with good compensation and benefits, employees quit. Employee Morale.

Retention and Turnover 53

Retention and Turnover Compensation Compliance Training Onboarding 53

Synergita

APRIL 16, 2024

A recent McKinsey research shows employee disengagement and attrition in median-size S&P 500 companies could result in losses of up to $355 million annually in terms of productivity. Objective: Improve overall employee engagement and satisfaction. KR 1: Increase employee engagement survey participation by 20%.

HR Planning 52

HR Planning HR Software Hiring Software Objectives & Key Results 52

Extensis

APRIL 29, 2024

With limited resources and staff, small businesses often need help attracting and retaining top talent, managing complex human resources (HR) tasks, maintaining compliance, and creating a positive workplace culture. Small businesses tend to lack the in-house resources needed for complete HR compliance.

Hiring Software 59

Hiring Software Recruiting Software HR Software Planning Tools 59

AvilarHR

MARCH 5, 2024

ADP Research Institute’s Chief Economist , Dr. Nela Richardson, first referred to the Big Stay earlier that month when reporting a slowdown in worker turnover compared to the previous two years. Think along the lines of flexibility, employee recognition, collaboration, and other elements of a winning culture. Communicate.

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Retention and Turnover Competencies HR Software Trends 73

Madison

APRIL 25, 2017

With employee recognition programs generally funded at 1% (or more), it’s important to understand and be able to explain how they impact worker retention and productivity, corporate revenues, and customer loyalty. Let me start by framing the value recognition plays against mounting employee retention challenges.

Retention and Turnover 49

Retention and Turnover Employee Recognition Kronos Productivity 49

Achievers

JANUARY 5, 2017

According to Gallup , “Companies with engaged employees outperform those without by 202 percent.” ” But how can you move the needle on employee engagement? One of the best and most effective ways is through employee recognition programs. Rewards and recognition create a positive workplace culture.

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Employee Recognition Employee Appreciation Employee Engagement eBook 146

Achievers

AUGUST 6, 2020

However, a recent HBR study found that employees reported they had not felt recognized for an average of 50 days. Employees who are not recognized start to become demotivated and disengaged , decreasing their productivity and retention dramatically. Recognition is not a “nice-to-have”—it’s a requirement for business success.

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Employee Recognition Planning Tools Assessment Software HR Software 241

Vantage Circle

JANUARY 28, 2019

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. Even with good compensation and benefits, employees quit. Allegis Group ).

Retention and Turnover 45

Retention and Turnover Compensation Compliance Training Onboarding 45

Achievers

DECEMBER 22, 2016

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. Look beyond money to drive desired behaviors.

Hiring Software 92

Hiring Software Onboarding Software Retention and Turnover Hiring 92

EmployeeConnect

JANUARY 11, 2023

National Employee Appreciation Day: Friday, 3 March, 2023. Do you want to boost your employee retention and overall productivity? One of the best practices is employee appreciation for inspiring your team and making them feel valued. Why it is important to make employees feel appreciated. Upgrade the breakroom.

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Employee Appreciation Onboarding Software Planning Tools HR Software 130

DailyPay

JANUARY 3, 2018

In a new study by Future Workplace and Kronos, business leaders continue to express the importance of employee retention. The Future Workplace and Kronos study suggests that 87% of employers said that improving retention is a critical priority for their organization. Who owns employee retention? Not there yet?

Retention and Turnover 40

Retention and Turnover Kronos Hiring Software AON 40

Achievers

SEPTEMBER 19, 2017

Their previous employee recognition strategy consisted of a ubiquitously disliked service awards program that was perceived by employees as being impersonal and demotivating. This type of employee experience was unacceptable and something had to be done about it. More than 43,000 recognition moments in one month alone.

Employee Recognition 57

Employee Recognition Retention and Turnover Employee Engagement HR Software 57

Vantage Circle

JANUARY 31, 2024

These include enhanced employee engagement and increased productivity. In this blog, we will explore various strategies that business leaders and HR professionals can implement right away to step up their Employee experience game. Key Takeaways What is Employee Experience Management ? Source: Vantage Circle 3.

Hiring Software 59

Hiring Software Onboarding Software Assessment Software Recruiting Software 59

PlanSource

AUGUST 1, 2019

Regardless of the cause for leaving a job, it is now a top priority to deploy effective employee retention strategies to stay productive. I believe the ultimate secret sauce to reducing turnover and increasing retention is meaningful recognition practices. Builds Trust and Respect. Promotes Healthy Competition.

Retention and Turnover 40

Retention and Turnover Employee Engagement Talent Experience HR Software 40

Bayzat

APRIL 5, 2024

What Is Employee Attraction and Retention? Employee attraction refers to the processes and practices that a company implements to draw in potential employees to apply for job openings. This creates a positive work environment where employees feel valued and motivated to perform at their best.

Hiring Software 52

Hiring Software Video Recruiting Talent Experience Recruiting Software 52

Xoxoday

MARCH 22, 2024

  They operate in a hyper-competitive environment where customer acquisition is expensive, retention is fleeting, and engagement is crucial for success. This blog post will explore the challenges faced by new-age digital companies and how rewards and incentives can be effectively utilized to address these challenges.

HR Software 40

HR Software Bonuses and Incentives Company Retention and Turnover 40

Xoxoday

MARCH 22, 2024

  They operate in a hyper-competitive environment where customer acquisition is expensive, retention is fleeting, and engagement is crucial for success. This blog post will explore the challenges faced by new-age digital companies and how rewards and incentives can be effectively utilized to address these challenges.

HR Software 40

HR Software Bonuses and Incentives Company Retention and Turnover 40

Rallyware for Human Resources

OCTOBER 11, 2022

Companies seeking to update their employee reward and recognition systems to retain their workforce and optimize their performance must think beyond antiquated notions of standardization. The study goes on to describe the need for personalized, flexible, and custom reward and recognition systems aligned with individual goals.

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Trends Retention and Turnover Employee Recognition Talent Experience 93

Empuls

OCTOBER 9, 2023

Engaged employees are more productive, motivated, and committed to their organizations. In the highly competitive and dynamic world of finance, nurturing employee engagement is not just a good practice; it's a strategic imperative. Engaged employees tend to stay longer, reducing costly turnover.

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Employee Engagement Industry Strategy Retention and Turnover 40