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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. Retail and food workers who were hailed as heroes and paid higher wages at the start of the pandemic don’t want to go back to minimum wage.

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How to Address High Turnover With Retail Employees

Achievers

The highest turnover rates are for hourly employees: 65% of them will leave their jobs for greener pastures, and it costs a full 16% of their annual salary to replace them. . When you add it all up, retail employee turnover is incredibly expensive. . 5 strategies for retaining retail employees .

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A Complete Guide To Employee Recognition

Vantage Circle

A Complete Guide To Employee Recognition. This is the ultimate guide to employee recognition for business leaders. Here, you'll learn: What employee recognition is. Build an effective recognition program. I’ll also introduce you to a new framework you can use to improve your recognition programs.

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12 Employee Perks That Help Your Company Win in India?

Vantage Circle

Employees are the fuel to any organization, and when their needs are met, they perform better and stay engaged and happier in their jobs. What are Employee Perks? Employee perks refer to additional benefits, incentives, or advantages provided by an employer to their employees, beyond the basic salary and standard benefits.

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Best Methods for Attracting and Retaining Talented Employees

Business Management Daily

Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. Why has finding and holding onto talented employees become so complicated?

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

Applying Maslow's Theory of Needs in an organization helps create a roadmap for employee satisfaction. The following are a few of the benefits that result in meeting the needs of your employees: A happy and motivated workforce. Better employee retention and lower absence. Increased productivity.

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5 Strategies for Recruiting in a Post-Pandemic World

Vantage Circle

Think of employee benefits as any form of compensation paid to employees beyond mere salaries or wages. Employee recognition programs. Workplace perks such as bonding activities, food and coffee, and flexible work schedule. Have higher levels of employee engagement. Have higher employee retention.