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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee attrition? What is employee turnover?

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Words of Advice from 7 HR Thought Leaders

Achievers

as much as $600 billion in lost productivity” and that the cost of millennial turnover may be as much as $30 billion. He points out that “everyone likes to be appreciated for their contributions” and that employee rewards should be offered along the way, whenever you see great work. She’s also the founder of HRBooks.

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Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

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Shocking Employee Turnover Statistics

Reflektive

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? The High Cost of Turnover. And only half of Millennials anticipate that they will still be working at their current company one year from now. Millennial turnover costs the U.S.

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Post-pandemic employee turnover: Why it’s happening and what to do about it

Insperity

Yet there’s another rising issue with which employers must prepare to contend: post-pandemic employee turnover. According to the 2021 Employee Engagement and Retention Report , commissioned by the Achievers Workforce Institute, 52% of employees in North America will look for a new job in the near future.

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Reduce Turnover: Develop an Employee Experience Strategy – #WorkInspired

HR Bartender

Kronos was named one of the 2017 Best Workplaces for Giving Back by Fortune Magazine in conjunction with consultancy Great Place to Work. Chief People Officer David Almeda calls it a mutual promise between employees and the company. If the company can’t attract applicants, they can’t hire employees. Basic but true.

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4 Key Employee Engagement Strategies On A Budget

6Q

Employee engagement is a hot topic these days. It’s a measure of how emotionally attached your team members are to the company they’re working for. The deeper the attachment is, the more effort your employees will make in the job. Communicating company values. The good news is that this doesn’t need to cost much.