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The Retention Roadmap: Plotting Your Course to Proactive Employee Retention

15Five

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

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How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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8 HR KPIs to measure in a post-pandemic workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000. Employee retention.

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What makes a good workplace that gets employees to stay?

Insperity

If you use surveys, be warned: Asking an employee to complete a survey comes with the expectation that you’re going to communicate the results to them and take action, when feasible. Pay attention to your company culture and mission, vision and values. Evaluate your mission, vision and values.

Health 109
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Creating a compensation philosophy and policy document

Insperity

It can also help you ensure alignment with equal pay laws and with your company’s vision and values around pay equity. Pay policies based on a written philosophy can also streamline budgeting for salaries, bonuses and raises, which is especially helpful during times of fast growth or in more challenging situations.

Bonuses 83
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Why being a best place to work is good for business

Insperity

While your employees probably won’t mind either, don’t fall for the myth that salaries and perks are all that it takes. Building a company that employees admire, respect and want to help succeed goes far beyond good coffee. Define your mission, vision and values. Vision: How you will accomplish it. A unified team.

Health 74
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20 Employee Appreciation Ideas That Will Make You Stand Out in 2024

Empuls

→ Moreover, recognition plays a pivotal role in employee retention. In a survey conducted by Glassdoor , 53% of employees reported that they would stay at their current company longer if they felt more appreciated. Download our Employee Appreciation Day Celebration Kit now! Download now!