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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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Podcast: Fitflop ensures its benefits support employee retention and engagement

Employee Benefits

She says: “In my current role, myself and a colleague presented at Employee Benefits Live [2023] on the benefits and wellbeing offerings we provide and what truly makes Fitflop a great place to work; this was great fun to take part in as it was an opportunity to tell more people why we do the job that we do.”

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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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[Podcast]: Employee Retention Issues

Proskauer's Employee Benefits & Executive Compensa

In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman , senior counsel Nick LaSpina , and special guest Michelle Garrett , a principal at the compensation consulting firm Semler Brossy, discuss employee retention. David Teigman: Today, I wanted to talk about employee retention.

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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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The Evolving Role of Culture Fit in Employee Retention and Engagement in 2024

Empuls

Understanding the link between culture fit and employee retention Culture fit is more than just a checkbox on a hiring checklist. It's about ensuring that an employee's values, beliefs, and working style align seamlessly with the organization's ethos.

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Discover the top employee rewards software platforms of 2024

Achievers

more likely to see employee retention than customers of other providers Customers using the Achievers platform are 36% more likely to see an increase in employee engagement than customers of other providers Employees who have an expansive reward marketplace to use their points are 75% more likely to feel more productive at work 2.

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