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Top 4 Ways to Increase Your Employee Retention Rate

Professional Alternatives

Employee retention simply refers to how many employees actually stay under your employment. If you employ a hundred people and five of them leave, this means that your turnover rate is 5% which is 5/100 while your retention rate is 95% which is 95/100. Different Ways to Enhance Employee Retention Rate. .

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International Employment Law and Why It Matters

Global People Strategist

One crucial aspect that demands attention is International Employment Law. Understanding the intricacies of these laws is paramount for companies aiming to navigate the challenges of a global workforce while ensuring compliance and effective management.

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Termination and Off-boarding: A Guide to Graceful Transitions

EmployeeConnect

HR professionals should use exit interviews as a tool for understanding trends and patterns in turnover, identifying systemic issues that may be contributing to employee dissatisfaction, and informing strategic initiatives aimed at enhancing employee engagement and retention.

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HR Risk Management: A Practitioner’s Guide

Analytics in HR

Retention – Conceding the inevitability of particular risks because avoiding them poses more cost/risk than the loss. Matters such as turnover, employee burnout, employee relations, workplace conflict and harassment, and lack of employee engagement all have the potential to negatively impact the company and prevent it from thriving.

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

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? Here are eight ways that your organization’s HR personnel can have a direct, positive impact on your employee retention strategy and serve as a valuable partner alongside management.

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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

Employee relations: HR provides accurate and timely information to employees to build good working relationships and boost employee engagement and retention. HR analytics : HR gathers and analyzes employee data related to employee performance, engagement, turnover, and other relevant metrics to make strategic decisions.

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California Minimum Wage: What Small Businesses Need To Know

Homebase

Offering accurate pay to your workers can help improve employee retention and satisfaction. Plus, unlike in other states, California doesn’t allow employers to pay with tip credit , so there’s no tipped minimum wage in the Golden State. Check out this California employment law guide to ensure you’re complying with local regulations.