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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. Career development. Leadership development programs. 18% lower turnover rates in high-turnover organizations.

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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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2021 HR Areas of Improvement: Make These 21 Bold Moves

SwipeClock

Business upheaval placed heavy burdens on HR in 2020. As we move into 2021, business owners and HR teams will not have a respite. However, those that commit to HR areas of improvement will have a profound impact. Compassionate HR leaders will help employees and their families deal with ongoing crises. Perhaps both.

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6 Best Steps to Prepare Employee Development Plan

CuteHR

It is detrimental to train these human assets. For the same, an employee development plan can be utilized. Development plans, that nurtures employees, polishes to improve their skills and introduces them to new horizons are needed by the current corporate arena. Employee Development Explained.

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Brandon Hall Group Research, October 2021

Brandon Hall

About 70% of organizations require employees to wear masks in the workplace, 55% are delaying return-to-the workplace plans and 42% are extending their current policies on remote work indefinitely. This Strategy Brief outlines six strategies to help organizations make progress. HCMx Radio 180: Reinvigorating the Talent Management Process.

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Should We Stop Making a Big Deal about Millennials?

Hppy

In fact, 70% of Millennials plan to change jobs when the economy is better. When asked about leadership skills: 63% stated that their skills are not being developed enough. Career development and leadership roles are important to this group. Does this make Millennials disloyal or opportunistic? What drives a Millennial?