11 Easy Ways to Reduce Employee Turnover

Bonusly

Employee turnover has a major impact on your organization's trajectory, but if you're having trouble with it, you're not alone. Even the best companies struggle with turnover. In this post, we’ll examine employee turnover: what it is, why it costs so much, and how to reduce it.

20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is a challenge for nearly every organization. Although it may seem impossible to perfect a retention strategy in the face of these odds, you can often make a dramatic improvement with a few simple steps. Even the best leaders have a hard time keeping top talent.

What You Need to Know About the Cost of Employee Turnover

Bonusly

Do you know how many employees you lose each year to turnover? Although most companies keep track of employee turnover, many fall short when they try to understand its causes and costs in a meaningful way. Do you know how much employee turnover costs you each year?

7 Easy Ways to Solve High Employee Turnover

Bonusly

What's worse, the departure of even one or two top-performers or a charismatic leader can trigger a spiral of additional turnover. Unlike other major disasters, a turnover spiral is often avoidable, and protecting against it might be easier than you think.

How to Retain Employees Without Spending More -12 Easy Tips

SocialChorus

It is critical to your business’s long-term health and success, and turnover costs are high. Employee Retention Definition. What is employee retention? Keeping employees at your company is an important priority because the costs of employee turnover are so high.

Create a Killer Employee Retention Plan in 5 Simple Steps

ForUsAll

Putting together an employee retention plan is an exciting opportunity. Being successful with employee retention can have a huge impact on your company’s bottom line. It’s easy to imagine the impressive savings from just a small improvement in retention. Employee Retention

How to Optimize Your Employee Lifecycle

Bonusly

Turnover is inevitable. But turnover isn’t always a bad thing; in fact, it’s a natural part of the employee life cycle. Knowing what your employees are thinking or feeling at any given time is one of the most difficult aspects of employee retention.

The #1 Reason People Leave A Job Might Surprise You

SuccessFactors

A study by employee engagement firm TinyPulse identified various behaviors impact retention, such as micromanagement and a lack of opportunities for development. Gallup found “at least 75 percent of the reasons for voluntary turnover can be influenced by managers.”. According to HR consultant Bill Rehm, managers often fail to think about retention until the moment someone hands in a resignation notice. Do you know the number-one reason employees leave a job?

How to Tackle the Engagement Crisis in a Remote Workforce?

Kea

One of the key advantages is talent retention, where research reveals that organizations that support a remote workforce strategy have 25% lower employee turnover, according to the 2017 State of Remote Work Report by OWLLabs and TINYPulse.

3 Must-Haves for Employee Recognition

SumTotal

It has real effects on your company’s retention and results. Companies with strategic recognition had a turnover rate 23.4% Unfortunately, according to TINYpulse’s Employee Engagement and Organizational Culture Report , just 21% of employees feel strongly valued at work.

How to Build a Workplace Culture Based on Loyalty

HR Daily Advisor

Despite the recent trends of HR professionals focusing on retention and employee engagement, a major issue still haunts workplace cultures everywhere—employee loyalty. by Sandy Perlman, marketing director at LifeWorks.

What is Talent Management? 5 Tips to Do it Right

Digital HR Tech

Talent management touches on all key HR areas, from hiring to onboarding and from performance management to retention. A good example is unwanted turnover. This can be achieved through better branding, better retention, better selection, et cetera. Onboarding: Getting people up to speed as quickly as possible helps to make them more productive and increases employee retention. Retention: Retention strategies help to retain the best people.

Re-Humanizing Performance Management

Avature

And if you factor in recruitment fees, lost productivity and training, a high turnover rate can have serious financial consequences. Not having regular and holistic conversations with employees about their goals throughout the year can foster frustration and lead to higher turnover and lower productivity. In fact, employees that don’t feel recognized when they do great work are almost two times as likely to be job hunting, according to a TINYpulse employee retention report.

How to Sell Employee Recognition to a Skeptical Executive

Bonusly

Turnover costs add up quickly : lost knowledge, lower productivity, overworked remaining staff, recruitment and training… it can cost you twice the salary of each employee who leaves. Turnover statistics, exit interviews, and survey questions on intentions to leave.

The #1 Reason People Leave a Job Might Surprise You

TalentCulture

A study by employee engagement firm TinyPulse identified various behaviors impact retention, such as micromanagement and a lack of opportunities for development. Gallup found “at least 75 percent of the reasons for voluntary turnover can be influenced by managers.”.

Friend or Foe: the Ultimate Case for Office Food

SnackNation

Because of your shared love for Kombucha tea, you realized that you have a lot in common with the account executive across the office and are planning a cross-departmental project to boost customer retention. It’s a key trait of retention.

Mobile, Remote & Fast: The Future of Communication at Work

Workology

However, at the same time is also has an effect on collaboration, engagement, camaraderie, and employee retention. According to a report by TINYPulse “remote workers are happier at work and feel more valued, but tend to have a lower relationship with coworkers—an issue that can lead to turnover if not handled correctly.” There are several trends that are, and have been, intersecting to create changes in workplace and workforce communication.

5 Reasons Offering a Sabbatical Program Pays Off

Zenefits

Works as a Retention Tool: Offering employees a 1 to 2-month sabbatical every 7 years can give employees something additional to work towards. So, how do you attract talent of this age and minimize turnover rates? Prevents Burnout: Going on a sabbatical can also go a long way to prevent employee burnout, an epidemic that experts claim is responsible for almost 50% of our annual workforce turnover.

#Employee Feedback Is The Killer App #HR

TalentHQ

As the economy grows and the job market gets hotter, employee engagement and retention have become a top priority. Why is there such a wide variation in employee engagement and retention? A new market has emerged: Employee feedback apps for the corporate marketplace.

Glint 84

HR TechStack – Employee Engagement Software

WhoKnows

We founded Bonusly because so many vital contributions go unrecognized and unrewarded every day, leading to disengagement, and employee turnover. TINYpulse Engage. Employee Engagement Software Definition.

59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas)

SnackNation

HR managers can agree that employee engagement and retention are at the top of their priority list. Use a tool like TINYpulse or SurveyMonkey to create a survey and send it out to your team. 59 Awesome Employee Engagement Ideas & Activities for 2018 (Plus 10 New Bonus Ideas).

33 Thoughtful Employee Recognition & Appreciation Ideas for 2017

SnackNation

Companies with a solid strategy to recognize team members enjoy stronger engagement, increased employee morale , better customer service, and lower turnover. Not only are these celebrations consistent with Scopely’s cheeky culture, but they’re also a smart retention strategy.

17 Proven Morale Boosters That Won’t Break The Bank

SnackNation

Research shows that high morale organizations consistently benefit from less stress, which in turn means higher productivity due to reduced turnover and absenteeism. 17 Proven Morale Boosters That Won’t Break The Bank.