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How to Reduce the Average Retail Turnover Rate: 5 Proven Tips

Empuls

Employee turnover is one of the most important issues confronting retailers today. According to LinkedIn , the average retail turnover rate is one of the top turnover rates besides accommodation and entertainment. What is the retail turnover rate? They are: Number of employees at the start of the period (N1).

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Inclusive employee rewards for all generations

Employee Benefits

eVouchers are one of the most popular ways to deliver employee rewards, especially when you tap into our network of over 150 retailers and even more so when you allow your employees to choose where to spend them. Employee rewards that deliver moreā€¦ our Virtual-First Pluxee Card!

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Success stories: Companies excelling in employee engagement

Higginbotham

Success Story #3: Southwest Airlines Southwest Airlinesā€™s employee engagement programs have contributed to strong employee loyalty and job satisfaction, as well as exceptional customer service and business success in the highly competitive air travel industry.

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5 Long Service Awards Trends to Watch for in 2024

Empuls

It shows that a company truly values its employees as individuals, not just as cogs in the corporate machine. Example E-gift Cards: Digital gift cards from popular online retailers or specific to the employee's favorite stores or services, offering them the freedom to choose their own reward.

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67% of UK employees will keep wearing masks at work, CIPHR research shows

cipHR

Looking at some specific industries, for people working in retail or education this figure rises to 57%, and for hotel and food service workers itā€™s 63%. On the flip side, 53% of survey respondents have been asked to do the reverse by their employer ā€“ and return to their usual place of work even though they didnā€™t wish to do so.

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15 Enterprise Corporate Discount Ideas for Cost-Conscious Businesses

Empuls

This increases your sales and generates more revenue while keeping the employee by your side, both as a loyal employee and a loyal and repeat customer. For instance, your employees can share their employee discount codes with their friends and acquaintances so they can get those benefits as well.

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Non-monetary Incentives That Will Help Retain Employees

Vantage Circle

Non-monetary incentives leave a better and greater impression on employees and make employees feel more recognized and engaged. Besides, several cognitive psychology principles suggest that people perceive non-monetary incentives to be more valuable than the retail value of that award in cash. Rewards and Recognition.