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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. It’s time to get more resources to fix the real issue.

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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?

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

Insperity

But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? 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.

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Words of Advice from 7 HR Thought Leaders

Achievers

as much as $600 billion in lost productivity” and that the cost of millennial turnover may be as much as $30 billion. In her recent Chief Executive Magazine article , Baumgartner points out that it’s important to remember humans are beings of change. He observes that “actively disengaged workers are costing the U.S.

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A New Management Mindset: 6 Keys for Greater Staffing Stability

HR Daily Advisor

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? Retention is Everyone’s Job. The real issue is that no one OWNS retention. Know Your People. Regarding management approaches, one size doesn’t fit all any more.

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Ten Higher Ed HR Stories That Defined 2023

Cupa HR

Turnover reached a peak, prompting more attention than ever to retention and recruitment, while looming policy changes in overtime pay and Title IX regulations further complicated long-term planning. We’ve rounded up the CUPA-HR articles, resources and research that defined 2023 and will continue to shape your 2024.

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A hidden retention problem: When long tenure hurts your business

Insperity

But just as high turnover can interfere with your company’s growth on one end of the employee retention spectrum, long tenure – the opposite extreme – can stunt your business’s growth, too. To stay ahead of retention problems and maintain a thriving workforce, it’s important to understand both extremes and their downsides.