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Research: Employee Retention a Bigger Problem Than Hiring for Small Business

Zenefits

Perhaps it’s natural, then, that employers are struggling to keep workers and an overwhelming majority (81%) of businesses agree employee turnover is a “costly problem.” . It’s not as if business leaders are ignoring the turnover problem. provide benefits all in the name of boosting retention rates. . Click to enlarge.

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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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Employee Turnover Is a More Costly Problem than Researchers Thought, Here’s Why

Zenefits

Researchers have been studying employee turnover —the causes of it, and how to prevent it—since the 1900s. . But our researchers believed looking at the other side of the employee turnover equation— the ways in which employers are impacted by employees who quit— could be more easily understood. . Turnover is a “costly problem.”.

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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Since they began studying the topic in the 1900s, analysts have identified countless reasons for employee turnover. How can you use this to improve your retention?

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Zenefits and the Compounding Effect of Cultural Assessment

Women of HR

There is nothing that guides a company to it goals and beyond quite like a dynamic, properly-cultivated corporate culture, and a perfect example of this has recently hit the news: Zenefits. Zenefits’ company values were forged at a time when the emphasis was on discovering a new market, and the company did that brilliantly.

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Everything You Need to Know About Workforce Optimization

Zenefits

You also need them to be productive. Though employees should be accountable for their performance, you need to assist them on their path to productivity. Productivity. The focus is on managing and maximizing staff performance so you can foster a productive workforce that meets business demands. Performance.

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Is “Quiet Promotion” Going On in Your Company? How to Find Out and Fix It

Zenefits

But in the long run, an overloaded, undercompensated workforce could be a problem when productivity, retention, and overall job satisfaction are at stake. According to The Harris Poll on Behalf of Express Employment Professionals, rising employee turnover costs employers $26,511 a year. Higher turnover. Hiring hurdles.