Remove Bonuses and Incentives Remove Knowledge Base Remove Productivity Remove Retention and Turnover
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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. Short-staffing.

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My Employees Are All Millennials - Here’s How I Manage and Retain Them

Linkedin Talent Blog

Once a worker has achieved the ability to effortlessly complete a certain task, increase the knowledge base of your company by having that employee teach another employee, thus giving them the feeling of being an expert. If you can’t, you’ve got turnovers sizzling in the oven. If someone does a great job, say so. Online Courses.

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Onboarding remote employees: A standardized process for the win

Workable

If you don’t solve or at least alleviate those stresses in a new hire, the costs to business are clear, both factoring into the cost per hire : Increased employee turnover. Those are important numbers considering that the costs of employee turnover can be a real eye-opener. Increased time to ramp. People like predictability.

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The recruitment process: 10 things you need to master to succeed

Workable

Increase employee retention and engagement. Imagine the amount of energy, money and resources invested into a single marketing campaign to call attention to a specific product, service, concept or another area. Referrals help you: Improve retention. Speed up the hiring process. Save money for your organization. Speed up hiring.