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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

Related reads: Recruitment Marketing: What It Is And 10 Effective Tactics How To Write A Zinger Job Description 10 Best Recruiting Software of 2023 Employee Onboarding Statistics Employee onboarding is crucial to ensuring new employees are motivated and productive. Some stats to help you fine-tune your onboarding process. Statista ).

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Employee Recognition Program: Things You Need To know!

Vantage Circle

According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. These are effective, as well as impactful, that boost the productivity and satisfaction of your employees. The cost of employee turnover can be significant, often estimated to be 1.5 Only 52.6%

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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

From productivity to culture to retention - research shows recognition programs continue to be a key factor in improving a range of business outcomes. Employee Recognition and Retention Statistics Employee recognition research supports that employee recognition is directly related to employee retention.

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The importance of employee recognition

Interact-Intranet

Regular recognition is also associated with: Increased productivity and motivation – the act of recognizing desired behavior increases the repetition of the desired behavior, and therefore productivity. According to Bersin & Associates , companies with good recognition programs have 31% lower voluntary employee turnover.

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A Complete Guide To Employee Recognition

Vantage Circle

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. They are likely to be more satisfied, productive, and engaged. Higher Employee Retention. Globoforce ). OC Tanner ).

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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. Benefit 6: Employee Retention. Globoforce.