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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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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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The Recognition Science Denier

WorkHuman

But by the end of the meeting, our conversation had shifted from recognition as a cost to recognition as an investment – in culture, and employee experience , retention , and engagement. “We Below is a clip about the Deniers from Globoforce CEO Eric Mosley’s keynote at WorkHuman 2017. She was a “Recognition Science Denier.”

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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.

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3 Programs Adopted By Award-Winning Workplaces

WorkHuman

Having your company named as a best place to work is certainly a highlight for any HR team working to create culture that naturally attracts top talent (especially when 51% of employees are actively looking for a new job ). The 2016 SHRM/Globoforce Employee Recognition Survey report shows where to focus your efforts for the best results.

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Data & People Analytics: A WorkHuman 2018 Recap

WorkHuman

Marketers, for instance, employ eye-tracking and heat maps to study shoppers’ behavior and improve shoppers’ experience and satisfaction. And now, HR leaders are investing heavily in programs to utilize data for all aspects of workforce planning, talent management, and operational improvement. Talent sourcing.

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The Amazing ROI of Rewards and Recognition In Your Organization

Vantage Circle

It’s a war over talents out there. those with higher profits, employee retention, and engagement scores) were 14 percent more likely to focus on employee strengths. Reduced Turnover Rates. In yet another study, organizations with recognition programs have reported an almost 31% lower voluntary turnover rate.