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Shocking Employee Turnover Statistics

Reflektive

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? The High Cost of Turnover. Due to this propensity for job-hopping, Millennial turnover costs the U.S. Millennial turnover costs the U.S. Why is employee turnover so costly?

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What is intrapreneurship – and why should it be part of your HR strategy?

Insperity

Higher employee engagement and retention : Allowing employees to explore their ideas and pursue their interests makes them more invested in (and enthusiastic about) their work, which means higher job satisfaction and less turnover. Get managers on board Intrapreneurship starts and ends with your people managers.

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12 Employee Retention Strategies You Need Right Now to Delight Employees and Reduce Turnover

Imaginasium

It is reported that almost 70% of organizations indicate staff turnover has a negative impact on their bottom line. There’s the cost of recruiting, hiring, and onboarding, not to mention paying other staff overtime in some cases to make up for the work not being performed by that vacant position. It all adds up to real dollars lost.

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Why do HR strategies fail? 8 common mistakes

Insperity

For example, implementing an HR strategy that focuses on nurturing community and employee growth can increase retention, engagement, productivity, performance and profit. For example: Our organization wants to reduce turnover. It can improve the recruiting and hiring process. So how does it all go wrong at some companies?

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How HRs Can Help Create a Positive Work Culture?

Hppy

This, in turn, leads to improved productivity and reduced turnover rates, benefiting the company’s bottom line. Recruitment Strategies for Cultural Fit One of the major ways HRs can contribute to positive work culture is through strategic recruitment practices that focus on finding employees with a cultural fit to the organization.

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Relocated Employees—3 Tips for Reducing Turnover

HR Daily Advisor

If a new recruit is required to relocate, it can be a daunting process—don’t lose him or her right off the bat! In today’s Advisor, Jeff Ellman, cofounder and president of relocation management software provider UrbanBound, offers tips for employers on retaining relocated employees—and ensuring that recruitment efforts aren’t in vain.

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6 important questions to guide your strategic HR plan

Insperity

Specifically, you may need an updated plan for how you’ll bring your culture and values into any new recruiting, hiring, onboarding and training practices. Pay close attention to areas such as employee turnover, retention , attrition, diversity and equity.