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7 Great Employee Retention Strategies

Bonusly

Great news for employees, but rough water for employers trying to hang onto a steady workforce. 31% of employees quit before making it to the half-year mark! This kind of turnover is extremely expensive. By some estimates, it can cost an employer double an employee’s salary to replace them when they quit. 25% of all employees are of this nature , what you might consider “high risk” when it comes to retention. How do you win the employee retention battle?

4 Reasons For High Employee Turnover

Insperity

Employee turnover is an element of change that directly affects your bottom line. As such, it is important to identify the motives of departing workers and devise an effective retention strategy. Here are four of the top reasons many good employees resign: 1.

Create a Killer Employee Retention Plan in 5 Simple Steps

ForUsAll

Putting together an employee retention plan is an exciting opportunity. Being successful with employee retention can have a huge impact on your company’s bottom line. It’s easy to imagine the impressive savings from just a small improvement in retention.

5 Ways You’re Losing as an Employer

Stratus

There’s a phenomenon that many HR nerds refer to as the employee lifecycle, and if it’s something you’re not managing, you may be losing out as an employer. The employee lifecycle refers to the various stages of relationship that an employee has with their employer. Human resources plays a key role in every aspect of the employee lifecycle. Consider a prospective employee with incredible talent who doesn’t get the right impression of your business from day one.

10 Employee Benefits For Better Mental Health

PlanSource

1 in every 5 Americans has a mental health condition, and there’s no better time than Mental Health Awareness Month to evaluate your benefits package and ensure that it supports employees holistically. Here are ten employee benefit programs to better support mental health: 1.)

How to Engage Employees with These 7 Programs

Mitrefinch

They spend countless hours building a strong recruitment strategy. Employee retention is just as important, if not more so, than recruitment. Hiring can be expensive, not just in terms of money spent on finding the right employees, but the cost of the work lost when someone leaves. Turnover is expensive. So, how can companies counteract that and keep employees at their company for the long haul? Keep Your Employees “In the Know”.

100+ Top HR and Recruiting Podcasts

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21st Century HR Host: Lars Schmidt About: 21st Century HR is a podcast exploring how to build better businesses through modern people practices and approaches. The aim of the show is to illuminate what it takes to build people-centric companies.