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How HR can give your company’s employee retention strategy a boost

Insperity

But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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6 Cs of Culture: Connection

Emergenetics International

Research indicates that 83% of companies that outperform revenue growth link everything they do to purpose. Strong relationships also affect an organization’s retention rate. A study from Cigna showed that lonely employees have a higher risk of turnover, lower productivity, more missed days at work and a decreased quality of work.

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Your HR budget: 6 line items to prioritize right now

Insperity

In turn, among employees this raises morale, enhances their discretionary effort and prolongs retention, all of which positively impact business success. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. In this complex landscape, which HR trends do you need to be aware of?

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Front-line managers: Your business strategy superheroes

Insperity

Coaching and development skills: They should be committed to and skilled at supporting the professional growth of their team members through coaching , mentorship, training and providing development opportunities. Team-building abilities: They can foster a collaborative, cohesive team environment.

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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. On average, turnover due to poor culture-fit can cost an organization between 50-60% of the person’s annual salary. This understanding enables employees to jell well with the company’s culture.

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Employee fulfillment: Building a workplace culture that inspires and retains

Insperity

For good reason, there’s a lot of interest in this topic – especially as workforce retention persists as a significant challenge. This is among one of the most overlooked topics in the larger conversation about productivity and retention. Spend time on team building and nurturing effective relationships among colleagues.

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How To Create A Sense Of Belonging In The Workplace

Cloverleaf

The best companies experience half the turnover as their peers and have employees who are six times more likely to help recruit talent. Key Takeaways The Business Case for Belonging: Companies prioritizing belonging consistently outperform rivals with lower turnover and greater productivity, potentially saving millions annually.