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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

What do you think of when you see the terms “employee turnover” and “employee attrition?” For many of us, these phrases call to mind workplace dysfunction, job losses or even confusion, because turnover and attrition are closely related ideas. What is employee turnover? So, the turnover rate in this example is 21.62

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The Right HR Integration Can Kick-Start Your Hiring in 2023

Sterling Check

As we heard from our visitors on the floor of the last HR Tech conference, HR processes are now business-critical since they’ve become instrumental in hiring and onboarding talent in a competitive hiring market. In turn, this can have longer-term effects of higher turnover and other issues such as low employee engagement.

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A New Management Mindset: 6 Keys for Greater Staffing Stability

HR Daily Advisor

So if we know new staff are unlikely to become “lifers,” how do we extend the tenure of each new hire, even if it’s just a little bit? The following are some specifics to consider: Are resources readily available for new hires to access or do you expect them to memorize what they learn in orientation? Know Your People.

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7 Ways for Reducing Employee Turnover at Your Business

6Q

While sales managers know that it costs more to gain new customers than to keep loyal ones, some business leaders struggle to fully see the impact that employee turnover has on their organisations. Besides reductions in productivity, companies lose money on these employees in these three areas: interviewing, hiring, and training.

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Who Owns Retention? The REAL Employee Turnover Problem

Achievers

What’s the biggest problem when it comes to employee turnover? No one owns retention! At many companies, when turnover rises executives point to HR to fix it – whose plate is already overflowing with terminations, payroll, benefits management, and back-fill recruiting. What Is a Retention Specialist Exactly?

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

Insperity

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. Ask the right interview questions aimed at determining whether a candidate is the optimal hire.

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Shocking Employee Turnover Statistics

Reflektive

We all know that employee turnover is a problem, but just how of a big of a problem is it? How much does turnover cost companies? The High Cost of Turnover. Due to this propensity for job-hopping, Millennial turnover costs the U.S. Millennial turnover costs the U.S. Why is employee turnover so costly?