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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 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. Short-staffing.

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L&D: The Key to Success for Today’s SMBs

Extensis

From boosting employee retention rates to safeguarding against industry disruptions, here’s how L&D can benefit today’s SMBs, and how working with a PEO can simplify the process. 18% lower turnover rates in high-turnover organizations. 43% lower turnover rates in low-turnover organizations.

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Viewpoint: The Turnover Tsunami Is Real

SHRM Resources

In a knowledge-based economy with an aging workforce and a slowing birthrate—not just in the U.S. but around the globe—leaders are facing a perfect storm when it comes to talent acquisition and retention. As CEOs, this is the challenge of our time.

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How to Excel with an Effective Internal Talent Mobility Strategy

hrQ

Positive outcomes include skill enhancement, increased employee engagement, retention of high-performing talent, and the creation of clear career advancement paths. This should alleviate individuals who are worried about contentment and decrease overall turnover rates.

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Turnover Contagion: Are Your Employees Vulnerable?

SHRM

Employee retention is top-of-mind for any organization looking to stay competitive in today’s market. Despite swaths of technological advances, in our knowledge-based, global economy an organization’s key assets are still its employees. job satisfaction, person-job fit, etc.) unemployment rates, job demand, etc.).

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Why Marketing Skills Are Essential for Modern HR Professionals

Hppy

According to LinkedIn Global Talent Trends , effective employer branding can lead to a 50% reduction in cost per hire and a 28% increase in retention rates. Furthermore, it led to a 20% increase in candidate quality and a 15% reduction in employee turnover. Airbnb is a global online marketplace for lodging and travel experiences.