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. From a broad perspective, there are two categories of employee turnover: voluntary and involuntary. Healthy vs. unhealthy turnover.

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. The first step toward achieving better retention is understanding the scope and the core issues that drive turnover. That level of voluntary turnover speaks to the magnitude of the retention issue many organizations face.

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7 Easy Ways to Solve High Employee Turnover

Bonusly

What's worse, the departure of even one or two top-performers or a charismatic leader can trigger a spiral of additional turnover. Unlike other major disasters, a turnover spiral is often avoidable, and protecting against it might be easier than you think. The key to avoiding a turnover event is getting ahead of it before it's triggered. Start with the lowest hanging fruit: common turnover contributors. You're drawing nearer to a turnover event with every word.

HR Advice for Small and Medium Businesses

HR Partner

The culture and leadership within a business have big implications for employee output, innovation and of course, employee turnover. The number one cited reason for turnover is your boss. Employee engagement translates to employee retention. 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. TINYpulse. Company Culture Employee Retention

Re-Humanizing Performance Management

Avature

Nowadays, specialized talent is scarce and companies need to compete to acquire and retain the brightest minds. And if you factor in recruitment fees, lost productivity and training, a high turnover rate can have serious financial consequences. Not having regular and holistic conversations with employees about their goals throughout the year can foster frustration and lead to higher turnover and lower productivity. There once was a world where human capital was plentiful.

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? Prevents Burnout: Going on a sabbatical can also go a long way to prevent employee burnout, an epidemic that experts claim is responsible for almost 50% of our annual workforce turnover.

HR TechStack – Employee Engagement Software

WhoKnows

We founded Bonusly because so many vital contributions go unrecognized and unrewarded every day, leading to disengagement, and employee turnover. TINYpulse Engage. TINYpulse is a lightweight solution that captures anonymous feedback from your team to reveal insights, trends, and opportunities to improve retention, culture, and results. Competencies are measured by behaviorally-anchored rating scales. Employee Engagement Software Definition.

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