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20 Surprising Employee Retention Statistics You Need to Know

Bonusly

According to data from the US Bureau of Labor Statistics , three million employees have left their job voluntarily every month since June 2017. Despite that focus, progress for many organizations have been stymied by competing priorities and a lack of resources. If you’re having trouble gaining buy-in from stakeholders in your organization, there are some useful tools and data you can leverage to help speak to the bottom line impacts of employee retention.

Employee Experience Guide: Employee Surveys & Polls

SurveySparrow

A quality employee poll question gives you important data about the needs of your employee and their experiences. You can use employee experience polls and survey tools like SurveySparrow, SurveyMonkey, TinyPulse, Typerform, etc. .

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11 Easy Ways to Reduce Employee Turnover

Bonusly

Voluntary turnover can be due to relocation, retirement, family illness, a more enticing job offer, an interpersonal conflict, or a micromanager who's constantly blocking an employee's progress. When a great employee reaches retirement age after serving your organization for many years, their turnover will make room for a talented successor to advance their career. Remember that gathering qualitative data through engagement surveys and other means is also important.

HR Advice for Small and Medium Businesses

HR Partner

It’s time to throw away the resume, ditch your interview process, and start looking at the data and science. Instead, try hiring competent and dependable people as first and use their achievements as templated for future hires. “Not only are small businesses competing for early talent with other small to medium-size businesses (SMBs), they have established brands to compete with as well. TINYpulse.

5 Reasons Offering a Sabbatical Program Pays Off

Zenefits

In a study conducted by the Allianz Longevity Project , nearly 70% of millennials (69%) said they would prefer to “explore, experiment, and travel” prior to retirement, which is higher than other generations. Furthermore, the results from a 2013 Tinypulse study showed that transparency in the workplace was the number one factor contributing to employee happiness.