article thumbnail

11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it. Voluntary vs. involuntary turnover.

article thumbnail

How Data is Driving Employee Burnout—and What to Do About It

TalentCulture

A bombshell study from Kronos Incorporated and Future Workplace found 95 percent of HR leaders report employee burnout is “sabotaging workforce retention, yet there is no obvious solution on the horizon.” Organizations with 100-500 employees indicated burnout was the cause of 10 percent or less of turnover.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is top-of-mind for nearly every organization, and it’s easy to see why— losing employees can mean losing valuable institutional knowledge, lower morale in remaining team members, and lost productivity. Being mindful of the core issues that drive turnover goes a long way in improving retention.

article thumbnail

A Comprehensive Look at Current Trends in Turnover

HRsoft

Gallup estimates Millennial turnover costs the U.S. For employers to stay competitive, it has become essential to confront turnover head-on. While total turnover has risen within recent years, voluntary turnover has increased by more than 48% in less than a decade. economy as much as $30.5 billion annually.

article thumbnail

20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is a challenge for nearly every organization. Although it may seem impossible to perfect a retention strategy in the face of these odds, you can often make a dramatic improvement with a few simple steps. That level of voluntary turnover speaks to the magnitude of the retention issue many organizations face.

article thumbnail

Leadership is About Enabling and Growing People Into Roles They Are Strong At: How to Spot These Strengths and Strategies to Empowering Your Employees

Empuls

Here are some benefits to empowering your employees: Improved employee retention : Employees who feel supported and appreciated are more loyal to their company. This reduces employee turnover – which is so important in the midst of the Great Resignation – and inspires employees to continually strive for their best.

article thumbnail

5 Reasons Offering a Sabbatical Program Pays Off

Zenefits

Works as a Retention Tool: Offering employees a 1 to 2-month sabbatical every 7 years can give employees something additional to work towards. So, how do you attract talent of this age and minimize turnover rates? In the previously noted 2017 Kronos Inc. Here are the highlights. A Sabbatical Program… 1.