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Playing the Long Game: The Employee Retention Process in HR

HR Digest

Amidst their country’s tech talent shortage, HP Indonesia is doing its best to focus on its employee retention instead of acquisition efforts, according to Human Resources Online. The World Bank has projected a 9 million skilled and semi-skilled ICT workers shortage to affect Indonesia between 2015-2030. million per year.

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4 Links to inspire innovation during employee appreciation week—and all year long

Achievers

Organizations have the opportunity every day to promote a culture of recognition and inspire innovation from employees. How Adobe kickstarts innovation from its employees – Fortune. How are you recognizing your colleagues for Employee Appreciation Week? How to create a culture of innovation – Fast Company.

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Employee recognition drives retention and productivity

HR Digest

A culture of peer-to-peer appreciation goes a long way in employee job satisfaction. Nearly 32% of companies had dedicated recognition budgets in 2019 compared to 21% in 2015. . Employees share low-cost, high-frequency rewards with each other, and can earn “Zappos Dollars” for training participation as learners or volunteers, both.

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How to Protect Your Company from High Employee Turnover

Achievers

From the employee point of view, it’s important to realize that in 2015, almost 25 percent of American workers left their jobs voluntarily. One-third of all employees know within the first week at a new job whether they will stay with the company for the long term. Make room for personal work styles.

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Employee Engagement: How to Measure What Matters

Achievers

Aon Hewitt, in an influential 2015 paper advanced the “Stay, Stay, Thrive” framework for the variety of desired Employee Engagement outcomes. Studies have shown that highly engaged employees are: 21% more profitable; 17% more productive, and; Enjoy 20% higher sales than industry peers with average engagement. Say, Stay, Strive.

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How Neglecting Employee Development Affects Your ROI

Achievers

Impact on Employee Retention. One of the biggest effects of neglecting the development of your employees comes in the form of staff turnover. Those Fortune 100 organizations saw their ROI manifested in increased employee retention; they had 65 percent lower staff turnover than other businesses in the same sector.

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How to Spot Who’s Going to Quit Next

Achievers

To this end, it is important to focus your onboarding program on how to engage employees as quickly as possible to avoid high turnover. It’s also helpful to be aware of which industries have the highest percentage of employee turnover. The average turnover rate in 2015 across all industries was 16.7