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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 turnover? So, the turnover rate in this example is 21.62

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Exploring the direct link between employee development and retention

Insperity

Ever since the COVID-19 pandemic and the subsequent onset of The Great Resignation , improving employee retention ranks as one of employers’ main concerns and priorities. As it turns out, there’s a critical link between employee development and retention. The answers get to the heart of why development impacts retention.

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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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Boosting Success in the Hotel and Hospitality Industry Begins with Understanding the Pain Points

DailyPay

“The baggage we carry as a result of laying off so many people in the pandemic … That is a hard one to overcome,” said Kong at the NYU International Hospitality Industry Investment Conference, as covered by Skift magazine. Greater Difficulties Keeping Staff The hospitality industry has an average employee turnover rate of almost 74%.?

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

Since they began studying the topic in the 1900s, analysts have identified countless reasons for employee turnover. A July 2019 Zenefits poll of more than 600 businesses re-assessed employee turnover patterns, giving business leaders a modern lens of workforce needs, specifically within the small and midsize business communities.

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Improve Employee Relationships and Repair Trust in Manufacturing

DailyPay

Companies that foster a high-trust relationship between employer and employee may benefit from greater productivity and motivation as their workers feel supported to better perform their jobs. Blog Improve Manufacturing Employee Retention by Supporting Workers. 2 In April 2020, 1.3 million U.S. manufacturing workers lost their jobs.