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Calculating Employee Turnover Rate & Strategies to Reduce it

Empuls

As competition in the sector increases for scarce resources, companies offer more competitive salaries and benefits to compete, which prompts some employees to jump ship when they find better opportunities. When employees retire, for example, that’s not within the company’s control.

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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. Organizations also cover the less obvious costs around recruitment, productivity, training, knowledge, and morale.

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HR Advice for Small and Medium Businesses

HR Partner

If you want to have a productive team with low staff turnover rates, you need to create a culture where staff feel they have a genuine stake in the business. Instead, try hiring competent and dependable people as first and use their achievements as templated for future hires. Always choose quality over quantity. Paychex Inc.

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17 Proven Ways to Improve Employee Satisfaction and Create an Awesome Office

SnackNation

These days, the importance of employee satisfaction is undeniable and it impacts your organization in critical ways – everything from your ability to attract and retain talent to the quality of your product and customer service – and is now a major determining factor in the overall success of your business.

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20 Surprising Employee Retention Statistics You Need to Know

Bonusly

If you have an exceptionally productive employee like a 10x engineer in your organization, it's crucial to recognize the massive value they're bringing to the table. Despite that focus, progress for many organizations have been stymied by competing priorities and a lack of resources.

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5 Reasons Offering a Sabbatical Program Pays Off

Zenefits

Though it may initially sound counterintuitive, offering paid sabbatical can actually boost productivity and increase employee growth. 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.