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Professional development opportunities, such as tuition reimbursement and mentoring, can reduce turnover and boost employee engagement, suggests a Better Buys survey. In 2015, the company invested more than $30 million in tuition aid. Moreover, their engagement and retention rates are up to 50% higher.
A corollary to this is that companies that prioritize work-life balance also see a snowball effect in the form of a productivity boost, higher employee retention, and more satisfied co-workers. The one overarching reason for this is that the human mind gets tired over time, especially in knowledge-based industries.
Vantage Pulse helps you analyze trends, predict behaviors, and uncover reasons for absenteeism patterns, employee turnover, skill gaps, workforce productivity, etc. This understanding is resourceful for you to take measures for boosting employee engagement and retention. user/month Team: $90.25/3
Vantage Pulse helps you analyze trends, predict behaviors, and uncover reasons for absenteeism patterns, employee turnover, skill gaps, workforce productivity, etc. This understanding is resourceful for you to take measures for boosting employee engagement and retention. user/month Team: $90.25/3
Not surprisingly, Ulrich was named “the most influential thinker of the decade” by HR magazine in 2015.). It’s encouraging that in the last two decades, the amount of time to process a new hire or spot bonus payments has gone down from days to seconds, or that call centers are now primarily online knowledge-base centers or chats.
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