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Employee retention strategies… the trick to keeping your talent

Employee Benefits

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Are you at high risk of high employee turnover? Creating an enviable company culture Values matter.

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3 powerful ways to improve your employee retention rate

Achievers

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Beyond compensation, your employee retention strategies should factor in the total rewards package you offer, the quality of your leadership, and the power of your social recognition strategies.

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8 Employee Retention Strategies in the Banking Sector Ensuring Stability and Growth

Empuls

High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies. In this blog, we will explore some crucial strategies that can help banks retain their valuable workforce. The alarming state of employee turnover in banking sector 1.

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What is Employee Retention?

Abel HR

In this article, we’ll discuss what is employee retention and why it’s important to any venture, big or small. We’ll also tackle a few ways to retain employees in your organization better. What Is Employee Retention? Before anything else, let’s clarify this – what is employee retention?

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How Does Providing Instant Loans to Employees Help in Employee Retention?

Empuls

Poor financial status of employees has given rise to a lack of productivity in the workforce and has been one of the major reasons for lower employee retention. Most of the time, the financial stress and mental pressure results in distractions and employees aren’t motivated enough to give their best.

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4 ways to effectively communicate benefits

WEX Inc.

Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. If benefits information is only provided during open enrollment, employees may forget about their benefits package or not fully understand their options.

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Retaining skills & reducing employee turnover in 2024 & beyond!

Employee Benefits

We discussed being an employer of choice in March 2023 with our blog – You’re Ready to Become an Employer of Choice. We cover all the fundamentals, and it’s worth a read to see where the gaps in your current employee retention strategy may be. Supportive and heartfelt rewards = increased employee engagement and morale.

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