7 Employee Retention Strategies and Secrets

Career Metis

In 2018, leading employee retention researchers estimated 42 million Americans would turn over. The same reports also estimated that 77% of this turnover is preventable. As an employer, what does employee turnover mean for you? Source – DepositPhotos.com.

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.

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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.

Opinion: Why ‘bad’ data can be good news for your organisation

cipHR

For example, in our field of dispute resolution, a commonly cited financial metric is staff turnover. The softer metric is bullying and harassment scores taken from latest employee engagement surveys. But what’s behind the current or changing levels of staff turnover, and where can you find data in the organisation that can help give you the answer? What is the specific cost of excessive levels of stress on employees?

What is a PEO? – Top 10 FAQs Business Owners Have About PEOs

Prism HR

It’s your responsibility to ensure your employees are paid on time, stay safe throughout the workday, and have access to benefits like workers’ compensation, health insurance, and 401k. PEOs pool together worksite employees when receiving rates from insurance companies.

Retaining the Millennial Workforce and Why It Matters

HR Daily Advisor

High turnover such as this can affect the morale of a company, as well as the bottom line. For the Millennial workforce in particular, there are a number of ways in which retention can be achieved. To create this feeling, companies should look to invest in these young employees.

Will HR Close the Great Divide?

NCHRA

Run team building exercises to increase the effectiveness of the teams chartered to deliver business outcomes. When challenged by several team leaders to be more specific, the expert suggested using Myers-Briggs and other instruments to address team alignment.