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Improving recruitment and talent acquisition 3. Preventing turnover 9. With this data, you can spot weaknesses across the business and improve these to boost efficiency, productivity, retention rates, training effectiveness, and more—all of which will benefit your bottom line. Improving recruitment and talent acquisition.
Let’s start with an illustrative example: You report your standard turnover metric – that your salesforce turnover rate is 20%. And when you convert the metric to its dollar impact – such as turnover reduced our sales revenue by $2.3 Recommended Read: 7 Ways to Improve your Hiring In 2017. Innovation… plus productivity.
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The average hospital turnover rate in 2017 was 20.6% , which is the highest recorded turnover in the industry for almost a decade. The cost of physician turnover can reach as much as $1 million per physician, according to a study published by Recruiting Physicians Today. Attendance Recognition. Symbolic Rewards.
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