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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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2023 HR Statistics, Trends & Data: Ultimate List

HR Tech Girl

LinkedIn remains the best recruiting platform for professional roles in 2023. Glassdoor, 2021 ) 97% of companies are planning bigger investments in recruitment technologies in the coming 2023 year, with 47% investing in AI technologies. LinkedIn remains the best recruiting platform for professional roles in 2023.

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Employee Recognition Program: Things You Need To know!

Vantage Circle

Not only is it overwhelming, but it also needs a lot of strategy and planning. According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. Various platforms that you can use to enhance your recognition efforts. Key Takeaways Understand what a recognition program is.

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The Ultimate Guide To Employee Rewards and Recognition

Vantage Circle

As companies struggle to find a way to deal with the global economic slowdown, the simple act of recognizing an employee in a meaningful and memorable way is the missing link that can heighten the productivity levels, lower employee turnover , and create a sense of belonging. Chapter 5: Technology In Rewards And Recognition.

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A Complete Guide To Employee Recognition

Vantage Circle

Chapter 7: Role of Technology in Employee Recognition. Recognition has a tremendous potential to drive engagement, productivity, and employee retention. It is a great source of motivation and plays a critical role in employee retention. Note: A points-based reward system allows the giver to reward points to a recipient.

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The importance of employee recognition

Interact-Intranet

According to Bersin & Associates , companies with good recognition programs have 31% lower voluntary employee turnover. Employee recognition: a multi-pronged plan of attack. Establishing your own employee recognition strategy, therefore, will require a multi-pronged plan of attack. Source: Globoforce.

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Answers to Your Top 5 Recognition Questions

WorkHuman

Lynette graciously offered to answer five of those questions below on budgeting for recognition, the science of turnover , “non-wired” workers , and setting up your program for long-term success. This question was in reference to the below information shared from the results of a Globoforce customer.