Achievers

JANUARY 12, 2021

Here’s a not-so-fun fact: Retail employees leave their positions at a rate that’s over four times higher than the average turnover rate in all other industries. According to Human Resources Today, that translates to $19 billion in costs related to hiring and training new employees.

Retail 125

Retail Employee Retention Employee Recognition Food 125

Achievers

MAY 15, 2024

But before you get too far into the weeds, it’s important to understand why recognition matters in the first place — and where it can take your organization. Employee recognition is the number one driver of engagement. Employees also get access to free discounts from popular retailers. It even goes beyond just pay.

Software 185

Software Employee Recognition Retail Employee Incentives 185

Business Management Daily

DECEMBER 6, 2021

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.

Employee Retention 119

Employee Retention Salary Overtime Flexible Spending Account 119

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

Employee Retention 79

Employee Retention IT Employee Recognition Hospitality 79

Achievers

JUNE 10, 2020

Grocery stores make up a large sector of the retail industry and there are more than 38,000 supermarkets in the U.S. How are major grocery retailers engaging their hundreds to thousands of employees on a daily basis? 5x more likely to see increased employee engagement. 25x more likely to give frequent recognition.

Retail 199

Retail Employee Retention Human Resources Employee Recognition 199

Empuls

JANUARY 3, 2022

Sometimes, employees leave the companies they work for. But when too many employees leave citing the same reasons , then the company, not the employee, might just be the problem. Tech Tech had the highest employee turnover rate in recent years. more than the employee turnover rate for retail (more on this later).

IT 52

IT Retail Entertainment Media 52

Business Management Daily

AUGUST 17, 2023

Some circumstances can’t be controlled — like a lunch rush while waiting tables or the holiday madness at retail stores — but workplaces that emphasize employee happiness just seem to feel better. Equal employee recognition is also important. Both deserve opportunities for recognition.

Work From Home 97

Work From Home Entertainment Pension Benefits Package 97