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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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Read ‘Em and Share: 25 Fascinating HR Statistics

Rise

47% of HR leaders cite employee retention and turnover as their top workforce management challenge, followed by recruitment and corporate culture management. 76% of HR leaders say employee onboarding practices are underutilized at their organization. SilkRoad ). SilkRoad ). HR Statistics. Allegis Group ).

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Succession Management: 9 Steps For Future Success

Analytics in HR

Reduce turnover by filling positions internally. Overall, investing in employee career development and succession management programs help you improve employee retention. The second approach is to create a succession plan for all employees during the onboarding process. Knowledge transfer.

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HR TechStack – Performance Tracking

Workstride

Ultimate Software’s UltiPro® cloud HR, payroll, and talent solution helps organizations improve the employee experience at all levels, beginning with personalized recruiting and onboarding that fosters long-term relationships and continuing with convenient, role-based access to pay, benefits, and development information.