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Your employees see that theyre valued and supported at your company, leading to higher engagement and retention. Your business gets a workforce that is highly skilled, motivated to do their best, and can adapt as priorities change. One of the most impactful applications for AI is in turnover forecasting.
And it’s not all talk — one in two companies has a turnover rate of 15% or more , while one in five reports a rate of 30% or more. In addition to increasing retention, hiring from within your company has lots of other benefits. 47% of U.S. Younger workers are most likely to say they want to quit — 38% of Gen Z and 37% of millennials.
You’ll need some resources to get your onboarding plan off the ground, but good news: the initial investment has a huge payoff. A solid program is shown to increase engagement, performance, and retention. If you’re interested in learning more about ClearCompany Onboarding, sign up for a personalized demo today.
According to HR Executive, 86% of HR leaders say they’re putting more effort into employee engagement to improve retention this year. So, HR is in overdrive, calculating employee turnover rates and strategizing long-term engagement and retentionplans. But turnover is inevitable — and in some cases, it’s not all bad.
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