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Avoiding Employee Turnover: Long-Term Benefits of a Happy Workforce

6Q

So, when employees are leaving the organisation in droves, it becomes a major cause for concern. A high employee turnover can impact your company’s overall performance and productivity, as well as its bottom line. A high turnover rate is costly since you’ll have to replace employees who have quit the company.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

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How to Retain Employees Without Spending More -12 Easy Tips

SocialChorus

It is critical to your business’s long-term health and success, and turnover costs are high. According to Employee Benefits News , it costs 33% of an employee’s annual salary to replace them. Employee Retention Definition. What is employee retention? Why is Employee Retention so Important?

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Top Employee Engagement Tools (Detailed Comparison)

Vantage Circle

Employee engagement tool helps measure or boost employee engagement that in turn will improve the productivity and efficiency of the employees and reduce staff turnover. 10 Benefits of an Employee Engagement Tools. Enhances employee engagement. Improves employee retention. Visit Website.

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The Current Job-Hopping Scenario- A Complete Explanation

Vantage Circle

HR managers have always had an unfavorable perspective regarding the employees' frequent changing of jobs, and why not? Employee turnover has a direct influence on the revenues and profit of the organization. Replacing an employee is itself a costly affair. A high turnover rate can result in low morale for employees.

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Partner of the Week: Wellness Coach

PlanSource

Partner of the Week: Wellness Coach . Read Time: 5 minutes. Hundreds of their certified wellness coaches are available for personal coaching or custom team sessions to practice or learn as a group. Wellness Coach allows employees to surround themselves with a community of wellness both in and outside of work.

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10 Ways to Create a Great Company Culture

Vantage Circle

Building a good company culture can be difficult, but given how companies like Wipro and Apple have transformed by fostering a great company culture, it's safe to say that your efforts will be rewarded in manifolds. A strong company culture can improve employee retention, boost morale, and increase productivity.