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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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@Globoforce CEO on Creating a #WORKHUMAN Culture

The People Equation

And when technology is used to cull large amounts of data, poorly applied analytics dehumanize the work experience. Eric Mosley is CEO of Globoforce, an HR software company that specializes in recognition. This year, I’m attending Globoforce’s WorkHuman conference. Is there a business case to be made for this approach?

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Bureau of Labor Statistics reported that 50.6 A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. A LinkedIn Workplace Learning Report from 2018 stated that 94 percent of employees would remain at a company that invested in their career development.

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How To Create an Effective Employee Recognition Program (in 2023)

Analytics in HR

In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism. However, despite the ubiquitousness of such programs, only 40% of employees report receiving recognition more than a few times per year.

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The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

It’s a war over talents out there. An astounding 84 percent of HR leaders in organizations with a current employee recognition program reported that it helps with employee engagement. In yet another study, organizations with recognition programs have reported an almost 31% lower voluntary turnover rate. See the connection here?

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How To Create an Effective Employee Recognition Program (in 2023)

Analytics in HR

In fact, it’s been shown that when larger businesses double their employee recognition efforts, they experience a 9% increase in productivity and a 22% decrease in absenteeism. However, despite the ubiquitousness of such programs, only 40% of employees report receiving recognition more than a few times per year.

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7 Ways Managers Can Build Trust In The Workplace

Hppy

If your job is based on meeting certain performance metrics, managers can often get in the habit of seeing their employees in terms of output achieved. A recent study by Globoforce showed that employees who received recognition from their leaders recently were significantly more likely to trust them (82% vs 48%).