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HR, It's Time to Improve Your Employee Retention Strategy

Cornerstone On Demand

Always top of mind these days, employee turnover is a critical and costly issue for companies across the U.S. It is simply in everyone’s best interest to make employee retention a top priority in our new found “sellers market”. Here are five ways HR can start improving employee retention today.

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4 Ways to Prevent Your Employees From Quitting

Achievers

Employee turnover, he points out, “costs companies a fortune,” and the numbers agree: Losing an employee in the first year of their tenure can cost your company up to three times the person’s annual salary. The manager’s individual loss will be the organization’s gain, as employee alignment will be strengthened by new career opportunities.

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Employee expectations are shifting. Can you meet them?

PI Worldwide

In some companies, turnover has shot above 30%. But it’s not just companies that are facing turnover—employee expectations are evolving too. They won’t just curb employee turnover. Finally, when employee expectations are met, negative experiences are less likely to cause turnover. Peer coaching can too.

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Healthcare Professionals: Get a Pulse on Your Employee Engagement Levels

Achievers

On the contrary, disengaged staff lead to poor patient experiences, higher turnover, and decreased productivity. For management to care, they need to be made accountable. Coach your managers on how to be effective leaders and encourage them to give positive and constructive feedback to their team members in a timely manner.

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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. Rewards redemption. Reward Management. Improves employee retention. Workforce empowerment through rewards and recognition. Memberships.

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Reconstructing Performance Management for Both the Employee and the Company

Aberdeen HCM Essentials

Counterintuitively, much of this is due to limitations set by their existing HCM/HRIS technology platforms, as many, if not most, were not built to accommodate a more modern, agile approach to performance management. Despite good intentions, many companies therefore end up making a token nod to ongoing coaching and development.