3 Employee Retention Best Practices

Achievers

We’ve all faced retention struggles : turnover, absenteeism, low morale and sluggish productivity. Here are the most effective employee retention best practices that reinforce productive behaviors and deepen job satisfaction.

Tips to Lower Staff Turnover

Astron Solutions

In this Astronology®, we will discuss the factors that make low staff turnover difficult to achieve, as well as tips to keep turnover at lower levels. The post Tips to Lower Staff Turnover appeared first on Astron Solutions.

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3 ways to address – and correct – turnover

PeopleStrategy

Turnover is a reality of every business. While periodic change can be beneficial to growth, unexpected or constant turnover is a serious problem. Today, we’ll explore three ways to help cut down on turnover and examine how they can bolster your bottom line. Improving employee retention helps you reduce the costs associated with hiring new employees. Benefits play a major role in attracting new employees as well as retaining top talent.

Ask a Recruiter: How do you improve employee retention in an industry with high turnover rates?

Workable

There’s always a war for talent, but it’s especially high stakes in industries such as hospitality, where we’ve seen high turnover rates. To combat this, you should evolve your recruiting strategy with a primary focus on employee retention. Disillusionment or lack of clarity around job roles can have a negative effect on turnover rates. We try to make sure to offer benefits that tie in well with our company culture. Ask a Recruiter Blog

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.

How To Calculate Employee Turnover and Retention Rates

ForUsAll

Your goal: figure out the specific calculations for important employment metrics like turnover rate and retention rate. Use these links to get straight to the information you need: How to Calculate Employee Turnover Rate. How to Calculate Employee Turnover Cost.

How to Combat a High Turnover Rate - Sapling Blog

Sapling

Given the competitive talent landscape, employee turnover rate is one of the most important HR metrics to track, analyze, and optimize. average turnover rate around 10 percent is considered healthy to maintain an influx of fresh ideas, but often varies by industry or role.

10 HR Topics No One Should Blog about Any More

What is Paul Thinking

I have tried for my entire 11 year blogging journey to write good posts – not just 300 words that add very little value. I think I’ve done well on that note. I refuse to take too much time out of my “life” to post to a blog. You can’t hug a blog subscription or a retweet.

Why Does Your Company Have Such High Turnover?

AbelHR

In our last blog, we touched on the adage that “employees don’t leave bad companies, they leave bad managers.” However, extrapolating that to an entire organization, Gallup notes that the overall annual turnover rate was 26.3%

Predicting Employee Turnover using R

Analytics in HR

Employee turnover is a major challenge for companies today, especially when the labor market is competitive and certain skills are in high demand. Retention of valued employees makes good business sense. OK, let’s start modeling to see how well we can predict terminations.

Launch Bold Employee Retention Programs That Work: Avoid Copycat HR

Visier

Prove the retention problem. To do this, begin by looking at general trends for turnover and resignation patterns. A good rule of thumb is that if you are seeing increases in turnover of over 3-5%, then you have a trend that indicates a problem.

How to Protect Your Company from High Employee Turnover

Achievers

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? Your onboarding process should be built with employee retention as one of its primary objectives.

Engage Blog: Top 10 HR Blogs of 2016

Achievers

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.

Trust in Leadership Affects Employee Retention #EWS2014

The People Equation

I’m a sponsored blog partner with Spherion (a staffing and recruiting organization) and am participating in the release of findings from Spherion’s 2014 Emerging Workforce Study. My second post looked at the interconnection between the elements advocacy, retention and leadership.

Stuck In a Turnover Rut? Try These Innovative Employee Retention Tools

HRsoft

High turnover rates can be a nightmare for HR, and the impact resonates across other areas of an organization as well. To combat the complications resulting from a high rate of departing employees, managers and HR professionals are seeking out innovative employee retention tools.

How to Reduce Turnover

Reviewsnap

Turnover is inevitable in every company. Instead of losing a valuable team member and going through the process of hiring and training someone new, you can reduce employee turnover by following the tips outlined in this article. Every company should have a supportive and positive work environment where employees are respected and treated well. Another way to reduce turnover is to set clear expectations for each individual employee in your company.

Why is Employee Retention Important?

HRsoft

Employee retention is perhaps one of the most important factors that contributes to the growth and success of a company. The answer to boosting employee retention lies in engagement! If a position requires very specialized knowledge, turnover is even more expensive and damaging.

How High Employee Turnover Hurts Your Company

TalentCulture

High employee turnover hurts the business bottom line. Lost knowledge, training costs, interviewing costs, and recruitment costs all add up, and companies cannot afford to ignore the long term implications high employee turnover has on the success of the business.

Top 100 HR and Recruitment Blogs [by Organic Traffic with Top 3 Articles Each]

Ongig

There are a ton of great HR/Recruitment blogs. We’ve compiled a list of the top 100 HR blogs by organic traffic they receive via Google and search engines (see Methodology below). Ongig, of course, has its own recruiting blog — you’re reading it right now!

The Role of HR in Employee Experience: 9 Ways To Boost Employee Retention Rates

CakeHR

If your business focuses on wellness, sponsor some employees to represent the company at a local marathon that benefits Alzheimer’s disease research, for example. According to statistics that CakeHR compiled, offering regular employee feedback also improves retention rates.

How to Diminish Employee Turnover: Modeling Elite Companies

Effortless HR

According to the Society for Human Resource Management, the average company experiences turnover at an annual rate of 19%, which can cost each company 20-40% of an employee’s salary in pursuit and training of their replacement.

4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

The cost of employee turnover is outrageously high. High turnover is one of the major red flags job seekers look for when considering a new employment opportunity. To learn more about employee turnover, check out the blog post How to Spot Who’s Going to Quit Next. . .

7 Easy Ways to Solve High Employee Turnover

Bonusly

What's worse, the departure of even one or two top-performers or a charismatic leader can trigger a spiral of additional turnover. Unlike other major disasters, a turnover spiral is often avoidable, and protecting against it might be easier than you think. Wellness.

Driving me crazy: How bad commutes affect employee retention

Achievers

When we think about the issues that most affect employee happiness and turnover, we often overlook a major factor that actually takes place outside the office: the quality and length of an employee’s commute. There’s nothing worse than sitting in traffic or squeezing onto a crowded subway.

Employee Retention – Is It a Yay or Nay for Your Company in 2018?

Empxtrack

Employee Retention has become an issue for organizations across the globe. There are several reasons for employee turnover that adversely affects a company’s performance and growth. Employee Retention Strategies.

7 Ways Employee Retention Benefits Your Company

ForUsAll

For any of these goals (and many more), employee retention is an excellent solution. Businesses benefit in a wide variety of ways when they focus on employee retention. These benefits, which we’ll go over below, include: Reduced Turnover Hassle. Turnover Rate – 2017 .

8 Top Employee Retention Factors

Vantage Circle

Employee retention refers to the ability of an organization to retain its employees. High turnover not only affects an organization’s bottom line but also is a costly process. Here in this blog, I am going to talk about the top 8 employee retention factors. Before I start, let’s look into the following employee retention statistics. Employee Retention Factors. This eventually leads to high employee turnover and the bottom line.

What Is Employee Turnover (and Why It Matters)

Zenefits

At some point, if your business is more than one person, you’re likely to deal with employee turnover. What Is Employee Turnover? A common definition of employee turnover is the loss of talent in the workforce over time. How Does the US BLS Calculate Turnover?

3 powerful ways to improve your employee retention rate

Achievers

Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies. Don’t let high employee turnover hurt morale or your business’ bottom line.

How Artificial Intelligence is Helping in Employee Retention

Bonfyre

Employers will spend a staggering $680 billion is predicted to be spent on employee turnover expenditures by 2020, according to the 2018 Retention Report published by the Work Institute. Ways to Improve Employee Retention with AI. Blog Engagement Intelligence

Making Data-driven Decisions with HR Reporting - Sapling Blog

Sapling

Employee retention. Turnover rate: Track your turnover rate over time to find patterns, identify potential issues, and plan for backfilling positions. These insights can help you improve employee retention. This can help boost retention and engagement.

How Managers Can Improve Employee Engagement & Retention

Inpower Coaching

A combination of decreasing employee engagement, increasing turnover and fewer skilled candidates available, is making it tough for companies to get the right resources. Research shows that organizations with higher employee engagement enjoy higher employee retention.

Actionable Tips for Improving the Employee Experience, Turnover & Patient Satisfaction

SMD HR

We recently conducted a study that focused on uncovering the key factors that impact two healthcare metrics – employee turnover and patient satisfaction (HCAHPS). Spoiler alert – the approach we outline in this blog works. In one instance, the client reduced their Registered Nurse (RN) turnover from 19.8% In another example, the client reduced their turnover rate from 28% to 24% across the organization, resulting in a savings of more than $8 million.

Top 10 Talent Management Blog Posts of December 2015

HRsoft

Here are some of our favorite blog posts published in December 2015: Where Do Your Employees Fit On The Engagement Resistance Curve? Why Employee Wellness Matters for Healthcare Employers via PreCheck, Inc.

How to analyze the reasons behind your high staff turnover

Achievers

Staff turnover can be damaging to your organization, and you can only tackle this problem by identifying and changing its main causes. A properly conducted exit interview can yield a goldmine of information to help reduce future turnover. Employee Retention employee retention