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Employee Retention: 5 Strategies for Retaining Top Talent

Bonusly

Recruiting top talent and employee retention is no longer just a threat for understaffed industries—it’s something we are seeing across the board. The costs associated with employee turnover present a continual challenge in addition to the damaging effects on company culture. Check out our easy-to-use Cost of Turnover Calculator.

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The Recognition Science Denier

WorkHuman

But by the end of the meeting, our conversation had shifted from recognition as a cost to recognition as an investment – in culture, and employee experience , retention , and engagement. “We Below is a clip about the Deniers from Globoforce CEO Eric Mosley’s keynote at WorkHuman 2017. She was a “Recognition Science Denier.”

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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

From productivity to culture to retention - research shows recognition programs continue to be a key factor in improving a range of business outcomes. Employee Recognition and Retention Statistics Employee recognition research supports that employee recognition is directly related to employee retention.

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2023 HR Statistics, Trends & Data: Ultimate List

HR Tech Girl

Bad onboarding experiences can set back employee development or increase turnover, so companies are putting more resources into the process. Implementing a formal onboarding program can result in 50% higher employee retention and 62% productivity increase within the same group. HRReporter ) As of December 2022, 46.6 Statista ).

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Cultivating Well-Being: How Peer-to-Peer Recognition Helps Manage Work Burnout

Engagedly

This culture shift can lead to real results, including increased productivity, lower turnover rates, and a more harmonious work environment. Mentorship and Professional Development Platforms: Mentorship has been proven to increase retention rates by 200% , demonstrating the value of growth and learning as a form of recognition.

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Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

Is it diversity and inclusion? I had the privilege of attending the fourth annual WorkHuman , conference pioneered by Globoforce, from April 2-5 in Austin, TX. As a result, turnover decreases, leading to a higher return on investment from your talent. Talent attrition/ retention. Or is it compensation and benefits?

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Top Employee Engagement Tools (Detailed Comparison)

Vantage Circle

Employee engagement tool helps measure or boost employee engagement that in turn will improve the productivity and efficiency of the employees and reduce staff turnover. Improves employee retention. Workhuman is a cloud platform of employee recognition and continuous feedback management which was introduced by Globoforce.