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How to Calculate Your Employee Turnover Rate | ClearCompany

ClearCompany HRM

If you're like most business owners, you might have a general idea of how much employee turnover your business experiences. Employee turnover is so frequently talked about yet rarely addressed for the sole reason that most businesses find it too hard to quantify. Want to learn more about #Turnover at your company?

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Employee Retention: 12 Strategies to Retain Your Top Talent

FingerCheck

A recent study found that 96% of workers will be looking for a new job in the coming year. So, how do you make sure your top talent sticks around? A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees.

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4 Ways to Boost Employee Retention in Healthcare Onboarding

Precheck

4 Ways to Boost Employee Retention in Healthcare Onboarding Dec. Probably one of the most critical processes for healthcare HR professionals is the onboarding process for new team members. In the study, managers conducted stay interviews , a proven tool borrowed from the business world for improving retention.

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5 ways to reduce employee turnover in restaurants

Homebase

Employee turnover can be one of your biggest costs as a restaurant owner. High employee turnover is a common battle that restaurants face. If you’re experiencing high employee turnover in your restaurant, you’re not alone. What is employee turnover in the restaurant industry? And when they leave, it can be expensive.

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The 5 Primary Costs of Employee Turnover and How to Manage Them

Zenefits

Employee turnover is typical for most businesses. A high turnover rate deals damage from multiple angles, from the expense of recruiting and training new hires to the loss of institutional knowledge and a tarnished reputation. businesses lose an astounding $1 trillion annually due to voluntary turnover. Training and onboarding.

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Why employee retention is important in the construction industry

Homebase

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.