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Playing the Long Game: The Employee Retention Process in HR

HR Digest

Amidst their country’s tech talent shortage, HP Indonesia is doing its best to focus on its employee retention instead of acquisition efforts, according to Human Resources Online. industries and it emphasizes the importance of the retention process in HR. million per year. million per year.

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How to Address High Turnover With Retail Employees

Achievers

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.

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10 Eye-opening Employee Retention Statistics You Should Take Note Of

Vantage Circle

Salary and benefits (29%). It’s unfortunate when your employees leave your organisation because you couldn’t offer what you promised while hiring them. As the research suggests, this disconnect is causing employees to leave their jobs. 7) The average employee exit costs 33% of their annual salary.

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Employer branding strategies to attract top talent

Business Management Daily

Salary requirements. Preferred job search channels (social media, job boards, friend referrals, etc.). Pay attention to social media. You will collect valuable information about the candidate experience, the feelings of current employees, and the thoughts of former workers. Past experience. Career and life goals.

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How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. The dimensions of the problem. Make room for personal work styles.

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Engage Blog: Top 10 HR Blogs of 2016

Achievers

Social Media & Blog Manager, Achievers. Read more > 4 Signs An Employee Is About to Quit. Employee retention is vital to maintaining company morale and reducing high turnover costs. It’s been estimated that employee attrition can cost six to nine months’ worth of a departing worker’s salary.

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10 Must-Know Employee Engagement Statistics For 2024

Vantage Circle

It underscores the critical need for employers to reassess their employee retention strategies , focus on creating fulfilling work environments, and address the underlying issues causing this widespread desire to leave. An appreciative work culture helps in employee retention. Further, boosting overall productivity.