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What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year? Why is employee turnover expensive?

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OKRs vs. KPIs: The Key Differences & Use (With Examples) 

Analytics in HR

Clarity: OKRs provide clarity on HR priorities and expectations, making it easier for you and your HR teams to understand what must be accomplished and how to measure success. Learn more HR OKRs: All You Need to Know [With 11 Examples] What is a KPI? Sales increased by 8.5% and hourly sales rose from $14.44

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Your Ultimate Employee Commitment Survey Guide [Plus Example Questions]

Analytics in HR

This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys. Types of employee commitment in the workplace Employee commitment survey questions examples How to conduct an employee commitment survey What is an employee commitment?

Survey 85
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14 Ways You Can Increase Your Employee Retention Rate Right Now

6Q

In this guide, we share some clever methods to increase your employee retention rate, and keep your team for longer. For example, 47% of British employees said they thought about quitting their job, looked for or applied to another job, or talked to their employer about resigning, according to new research by Ipsos.

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Employee Retention Rate: All You Need to Know

Analytics in HR

It’s also forcing employers to rethink their talent acquisition and employee retention strategies to keep up to pace with these constant changes. This means that employee retention rate is one of the most important HR metrics that can help you understand how well your organization retains its employees. lost their jobs.

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How to Avoid Talent Gaps with Data-Driven Succession Planning

Visier

For example, if last year you had 150 candidates ready in two years, you would expect that this year there would be more candidates ready in one year. If employees are ready to move into positions of greater responsibility, and are not seeing career progression, this may result in an increased risk of unwanted turnover.

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11 top talent management metrics and KPIs to track and measure

HiBob

From recruitment and onboarding to training and development, retention programs, and succession planning, it’s important to understand what’s happening at every stage of the employee lifecycle. On the other side of the same coin, it also provides a clear indication of the cost of a high turnover rate.