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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? SHRM predicts the annual turnover rate to be close to 19%, and also assumes that the average cost-per-hire to fill a position at $4,129.

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L&D: The Key to Success for Today’s SMBs

Extensis

Quick look: A whopping 96% of employees want the opportunity to enhance their skills, yet two-thirds of employers report confusion about how to create a proper learning and development program. ” Many types of training fall under this umbrella, including: Onboarding and new hire programs. .” Career development.

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The CEO’s Handbook on People Analytics

Peoplebox

Learn how data-driven insights can empower you to make better decisions about your people, leading to a more productive, engaged, and high-performing workforce. You’ll see how to identify your most pressing talent challenges and leverage people analytics to develop targeted initiatives that bridge the gap between your goals and reality.

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How to Improve Retention of High-Potential Employees

Everwise

In recent years, employee turnover has become an increasing problem. So, how do you improve retention? Employees lean in when they believe your company commits to their career development. It’s about providing learning experiences tailored to their interests and development needs. So where do you start?

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How Upskilling Can Impact Your Company and Employees During the Great Resignation

Zenefits

Every HR professional knows that the employee experience is critical to productivity, retention , and company objectives. The problem is that companies have had a hard time keeping the employee retention rate up, even before the pandemic. million workers have quit their job every month, more than double the rate of turnover in 2009.

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2021 HR Areas of Improvement: Make These 21 Bold Moves

SwipeClock

Our first bold move will pay off every day. Learn more here: #1 HR Strategy for a Strong Rebound: Unify HR and Payroll. For more information about how Mobile Location Management can make it easier to track offsite employees, download our ebook How to Use Mobile Location Management for a Distributed Workforce.

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Employee Benefits: The Only Guide You Need

Achievers

These are benefits an employer voluntarily offers employees, and benefits programs are a top employee recruitment, retention, and engagement strategy. . Millennials also want opportunities to develop strengths and skills, pursue career growth, enjoy work-life balance, and work remotely. What are employee benefits? .