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Your definitive guide to employee training: Why, when and how

Insperity

Employee training is one of the most significant investments in time and money that your organization may make, but it’s also one of the most critical initiatives impacting the long-term success of any business. Who needs employee training? With this in mind, let’s start with the easy question: who needs to undergo training?

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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

This is especially important in industries with a relatively high turnover rate that don’t have the luxury of time for a long onboarding process. If possible, have employees work with their replacements or cross-train other people in your organization so important knowledge isn’t stuck in individual silos. Manage your talent pipeline.

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Want to offer support for caregivers of aging relatives? Read this

Insperity

Cross training. Train other employees on the position so that they can fill the gap if the caregiving employee must take an indefinite leave. Learn more about how to keep your valued employees onboard. Download and read our complimentary magazine: The Insperity guide to employee retention.

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5 steps to kick-start your succession plan via your org chart

Insperity

Finding internal candidates with the help of your organizational chart can save you time and money spent on recruiting, onboarding and training outsiders. Download our free magazine: The Insperity guide to succession planning. See multiple future options. You have your organizational chart, which is the now.

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Setting the Stage for Success: Who is Getting Onboarding Right?

Sterling Check

Employees who go through an effective onboarding program become more productive quicker and put out more valuable work. Organizations with a standard onboarding process experience 54% greater new hire productivity and 50% greater new hire retention. When onboarding goes badly, employee morale and engagement is at risk.

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Teamwork and transitions: How to build team cohesion during change

Insperity

Revisit your onboarding practices Borrowing practices from your new employee onboarding process is a great way to get people who are new to each other (but not necessarily new to your company) working together smoothly. In addition, ensure everyone is trained on how to fully utilize available collaboration and project management tools.

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Shocking Employee Turnover Statistics

Reflektive

For example, if a highly-trained employee was making $150,000 annually, the cost for the organization to replace that employee could be as high as $319,500. Another study , from the Society for Human Resource Management, found that companies typically spend 6-9 months of an employee’s salary to hire and train their replacement.