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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Bureau of Labor Statistics reported that 50.6 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. million U.S.

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What’s the Key to Talent Retention? Human-Centered Approaches, Says SHRM/Globoforce Report

HR Daily Advisor

HR leaders are using human-centered approaches in the workplace, which may help resolve retention, recruitment, and culture management challenges, according to a new report released by Globoforce ® , a provider of social recognition and continuous performance development solutions, and the Society for Human Resource Management (SHRM).

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Major Studies Detail Correlation Between Employee Engagement and Retention

Hoops

Recent Studies Detail Correlation Between Employee Engagement and Retention. For two years running, the top two HR challenges have been employee retention and employee engagement. Engagement and retention are both the end results of consistent and positive employee experiences. SHRM/GloboForce Employee Experience Survey.

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Employee Recognition Statistics: What HR Professionals Need to Know in 2024

Terryberry

From productivity to culture to retention - research shows recognition programs continue to be a key factor in improving a range of business outcomes. Employee Recognition and Retention Statistics Employee recognition research supports that employee recognition is directly related to employee retention.

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Survey: 93% of Managers Need Training on Coaching Employees

WorkHuman

Over the past few months, we’ve run a series of posts covering findings from the latest SHRM/Globoforce Employee Recognition Survey. To recap, here are the four findings and their respective posts: The top three workforce management challenges faced by organizations today are retention/turnover, engagement, and recruitment. (

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The Employee Recognition Landscape is Changing

China Gorman

The fifth research report in an annual partnership between SHRM and Globoforce was published this week. Namely, that retention/turnover is the top challenge reported by nearly 1,000 SHRM members. And, interestingly, there is a surprise.

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Cultivating Well-Being: How Peer-to-Peer Recognition Helps Manage Work Burnout

Engagedly

This culture shift can lead to real results, including increased productivity, lower turnover rates, and a more harmonious work environment. Mentorship and Professional Development Platforms: Mentorship has been proven to increase retention rates by 200% , demonstrating the value of growth and learning as a form of recognition.