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5 Challenges Human Resources Is Facing in 2022 — and How to Overcome Them

Zenefits

Meanwhile, Wells Fargo estimates that U.S. Staff retention. Employee turnover has risen dramatically over the last 2 years, primarily driven by: Pandemic-fueled changes in workplace expectations. According to HireVue , 55% of employers have reported higher turnover in 2022 than in 2021. New generational mindsets.

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Compensation Metrics for Evaluating Your Plan’s Success

Zenefits

Tracking and evaluating employee compensation metrics matters for maintaining a healthy, viable company. A company’s compensation philosophy plays into the quality of employees it keeps, how difficult retention will be, and how much competition it will face for talent. Manage compensation to improve employee retention.

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Why Employee Retention Should be a Top Priority for Small Business

Zenefits

Employee retention (or a lack thereof) is a massive cost for small business owners. Data show that HR technology can improve retention. These are only a few of the important components that contribute to employee retention. What is a retention strategy? To develop a retention strategy, track your current turnover rates.

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Top 10 Workplace Retention Factors

Zenefits

When market conditions are good, with a wealth of available talent to choose from, retention is important. When market conditions are poor, retention is critical. Keeping employees on staff and reducing turnover requires a host of initiatives and core policies. Every staff member is integral to maintain productivity and morale.

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Tips for Evaluating Your Employee Wellness Program

Zenefits

Most employers invest in wellness programs because of the undeniable benefits. What’s more, many job seekers will not accept a job from an employer that does not offer wellness programs. Wellness programs are becoming a must-have for employers looking to edge out their competitors in a tight labor market. Tobacco cessation.

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Employee Rewards and Recognition Strategy: Aligning HR Objectives With Organizational Goals

Empuls

A recent research by Zenefits, 63.3% Designing an effective rewards and recognition strategy is integral to motivating and retaining employees, as well as aligning their performance with the broader objectives of the organization. Employees should know the precise metrics the organization will use to measure their performance.

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7 KPIs to Measure Employee Engagement

Zenefits

Here are some of the KPI metrics to examine as part of your employee engagement strategies. Employee turnover rate. When your company has significant turnover, it’s another sign that employees are not engaged. This KPI metric should be part of your regular reporting. Employee turnover rate formula. Absenteeism.