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Today, employee retention is one of the most significant challenges plaguing many human resource departments. This is why it’s important for businesses to mitigate their turnover rates. Voluntary turnover is costing the US economy $1 trillion every year. Much of employee turnover is preventable.
2019, LinkedIn) The chances that a new employee will still be at the same company 12 months later is 76%; for two years it’s 59%; and for three years, it’s 48%. 2019, LinkedIn) Companies with a highly engaged workforce scored 17% higher on productivity. 2019, PayScale) 61% of U.S. 2019, PayScale) 61% of U.S. 2017, Inc.)
Finding and retaining top talent is more complex than ever in 2023, and as LinkedIn’s most recent Workplace Learning Report discovered – 93% of companies have growing concerns over employee retention. The ‘new normal’ is here to stay, and there likely will never be a return to the way things were (think 2019 and years prior).
SAN FRANCISCO, CA – January 22, 2019 – Leading Workforce Feedback and Analytics Platform, Survale , announces another record year of growth and accomplishments as it continues to innovate feedback-based recruiting. For more information visit survale.com. ABOUT SURVALE.
Employee Retention and Benefits. HR Metrics: How and Why to Calculate Employee Turnover Rate? What’s Wrong With Retention Bonuses? Employee Turnover. Employee Retention. World’s Most Attractive Employers 2019. Official Blog Link. Glassdoor for Employers Blog. Blog Category. Employer Branding Blog.
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