Compensation Examples Industry Retention and Turnover 
Vantage Circle
JANUARY 18, 2023
Continued focus on (employee) turnover is of critical importance, because of the direct relation of turnover to improvements in labor costs and guest satisfaction. "Employee turnover" is a word that makes HR practitioners' hearts skip a beat. What is Employee Turnover? What is Employee Turnover?
Bonusly
MARCH 7, 2022
Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.
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ExactHire
MARCH 23, 2017
Employee retention was considered a top challenge by only 13% of those surveyed. This is curious, considering that the voluntary turnover rate for nonprofits is 19% annually–well above the all-industry average of 12%. The survey also showed that only 16% of nonprofits have a plan for employee retention.
FingerCheck
OCTOBER 19, 2023
A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?
Homebase
MAY 10, 2023
Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? Fortunately, you’re in the right place.
Empuls
SEPTEMBER 29, 2023
However, amid all this unpredictability, there’s one trend that managers have come to recognize – the high turnover rate. High attrition rates have long plagued the call center industry. According to Quality Assurance and Training Connection , call centers, on average, see an annual turnover rate ranging from 30% to 45%.
DailyPay
JULY 13, 2021
The following article is another in our series that examines average employee turnover rates by industry. In this article, we hold the retail industry under a microscope to see what might be affecting employee turnover and retention rates, and why employees in this industry are seen coming and going so often.
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