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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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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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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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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. Some stats to help you fine-tune your onboarding process.

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Employee Recognition Program: Things You Need To know!

Vantage Circle

According to Globoforce , 83% of HR leaders say that an employee recognition program benefits their company values. According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Key Takeaways Understand what a recognition program is.