In the Best Money Moves Roundup, we run down the latest news on job satisfaction, communication, compensation and retention.
Believe it or not, respect drives job satisfaction more than compensation. Results from the Society of Human Resource Management (SHRM)’s survey show that it was close, but respect beat salary by 4 percent points when it comes to job satisfaction.
Alarmingly, only 38 percent of employees are satisfied with how their company treats employees. To improve employee relations SHRM recommends a number of training programs.
What we’re reading:
Build employee emotional resilience. Put SHRM’s advice to practice and enhance health and wellbeing in the workplace. Try it out with these 10 tips.
Highlights from SHRM’s annual conference. It’s alright if you couldn’t make the conference this year. Check out EBN’s top 10 takeaways.
Benefit from offering above-average salaries. Offering pay higher than the industry average is a business strategy that can pay off. Here’s 7 reasons why it works.
Be proactive about retention. Job jumping is a part of the dynamic shift underway in the workplace. Use these 3 strategies to improve employee retention.
Better communication can combat turnover. Build meaningful relationships with your staff sooner rather than later. Find out why it’s so important.
Craft high-performance teams. Give them a clear company image and room for failure to start building engagement for higher productivity and retention. Learn more about all 7 approaches.
Why do new hires leave within 90 days? A candidate that leaves within 90 days might be a bad hire, but more often the relationship is salvageable if you understand employee needs. Improve your onboarding process.
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