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What You Need to Know About the Cost of Employee Turnover

Bonusly

Consider what the following could cost: writing and posting a job description, interviewing candidates, paying referral bonuses, having employees take on more work while a position is open, training new hires, and covering unemployment, to name a few. According the the Bureau of Labor Statistics, 3.6 Those costs can add up shockingly fast.

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6 Reasons Why Poor Workforce Planning Stunts Growth

Pingboard

Effective workforce planning envisions the training that will be necessary to develop the skills of existing employees both now and in the future, and it also forecasts what new skills the organization can acquire through hiring. A TINYpulse study found that only 25 percent of surveyed employees believe management is transparent.

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Org Chart Software Could Save Your Waning Employee Engagement

Pingboard

The same study also found that employees view recognition as being the number one thing their boss or company could do to cause them to do great work, ranking higher than a pay raise, a promotion, or more training. However, according to Gallup research, only 13 percent of the global workforce is engaged. Lack of Empowerment.

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TINYpulse

HR Lineup

TINYpulse is an employee engagement and feedback platform that helps organizations improve their workplace culture and boost employee satisfaction. The key features of TINYpulse include anonymous employee feedback, pulse surveys, peer recognition, and performance management. Peer recognition is another key feature of TINYpulse.

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What Is Employee Retention and What Factors Contribute to It?

DailyPay

In a study was conducted by TINYpulse, an employee engagement firm, employees who give their work culture low marks are nearly 15% more likely to think about a new job than their counterparts. Truly understand the costs of turnover and what can be done about it. READ THE EBOOK. Why does employee retention matter?

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6 Effective Employee Engagement Tools For 2022 

Hppy

According to a study conducted by Aberdeen Group , this technique is also believed to be beneficial to the retention of employees and corporations’ revenues. When employee engagement initiatives are put into place, there is a 223% increase in the amount of customer loyalty and a 26% increase in annual profit. .

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Talent Management Strategies To Retain Top Performers

Hppy

So, in this article, we’ll explore effective talent management processes and engagement strategies to help you retain your top talent. Plus, we’ll discuss how you can improve your talent management process. As you go through them, find the ones that can help you fill gaps and engage your top talent before it’s too late.