ApplicantStack Compensation Retention and Turnover 
ApplicantStack
FEBRUARY 2, 2024
A tool like ApplicantStack can further reduce the time required for posting available positions, organizing the applicants’ information, and keeping a detailed log of communication. Allow employees to be heard by management on concerns of compensation. High turnover rates are disruptive to operations and impact growth.
ApplicantStack
OCTOBER 1, 2024
As we move toward 2025, many employers have renewed their focus on reducing employee turnover. We’re outlining three proven methods for boosting retention and keeping employees happy in their roles. The Effects of High Turnover Rates A high employee turnover rate creates a ripple effect that impacts nearly everyone in the organization.
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ApplicantStack
FEBRUARY 20, 2024
So, how can businesses improve employee retention and encourage qualified candidates to stick around longer? What Is Employee Retention and How Is It Calculated? Employee retention refers to the ability of an organization to keep its employees engaged and satisfied. Unsustainable work expectations.
ApplicantStack
AUGUST 29, 2023
But why is employee retention important and what can your business do to protect against high attrition rates? The Great Resignation “The Great Resignation” is a key example of why retention is critical to a successful workforce. This event refers to the sudden boom in employee resignations that took off in April 2021.
ApplicantStack
APRIL 5, 2024
And, while hiring best practices can change significantly from one industry to another, we believe there are a few core principles and strategies that provide value to recruitment and retention across the board. Optimize Your Hiring Process With a Purpose-Built ATS Curious how an Applicantstack can take your hiring process from bad to best?
ApplicantStack
NOVEMBER 26, 2024
This may come with a formal offer of a different position, or it could be more subtle and informal, and it may or may not involve more compensation. Even if a company’s quiet hiring strategy involves additional compensation, it’s unlikely to equal the salary of a brand-new employee or even a temporary worker.
ApplicantStack
AUGUST 15, 2023
Reduce Employee Turnover When all is said and done, a key focus of your orientation should be to retain the employees you’ve hired. It’s also good to inform employees of their compensation and outline any benefits packages that they’re entitled to, such as healthcare, retirement plans, supplied equipment or wellness support.
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