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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

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. How to Improve Employee Retention? million U.S. million each month.

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Healthcare HR and Employee Retention: 6 Key Factors to Consider

Precheck

Healthcare HR and Employee Retention: 6 Key Factors to Consider Nov. In fact, 46 percent of HR professionals cite employee retention/turnover as the top workforce management challenge in 2016, an increase from 25 percent in 2012. Here’s how you can use stay interviews to improve your employee retention initiatives.

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Top 25 Employee Recognition Statistics Leaders Need To Know

Vantage Circle

Employee Recognition Statistics Relating To Retention. There is a clear connection between recognition and employee retention. Companies with effective recognition programs have 31% lower voluntary turnover. Turnover can be highly costly with additional expenses in recruitment , onboarding , and training. Source : Gallup.

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3 Programs Adopted By Award-Winning Workplaces

WorkHuman

Blessed with a super cool product? The 2016 SHRM/Globoforce Employee Recognition Survey report shows where to focus your efforts for the best results. The Factors That Predict Employee Turnover. Offering clearer career paths with formal learning and development minimizes the risk of stagnation and eventual turnover.

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The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

Treat your employees well and they’ll return the favor by being more productive. those with higher profits, employee retention, and engagement scores) were 14 percent more likely to focus on employee strengths. Reduced Turnover Rates. Innovation and Productivity. It isn’t rocket science. It’s Management 101.

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How to Build an Effective Employee Recognition Program

Terryberry

Too much focus on monetary rewards can also create a competitive and cutthroat environment, which is often counter-productive. Increased Productivity. Employee recognition programs have been shown to lead to increased productivity. Decreased Employee Turnover. This can ultimately have a negative impact on productivity.

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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.