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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention? million U.S. million each month.

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Read ‘Em and Share: 25 Fascinating HR Statistics

Rise

47% of HR leaders cite employee retention and turnover as their top workforce management challenge, followed by recruitment and corporate culture management. SilkRoad ). 47% of HR leaders cite employee retention and turnover as their top workforce management challenge, followed by recruitment and corporate culture management.

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HR TechStack – Performance Tracking

Workstride

PeopleFluent provides a cloud-based talent management suite that includes Recruiting, Performance Management, Compensation, Learning, Succession and Vendor Management as well as Workforce Planning and Diversity. SilkRoad Performance. VIEW DETAILS ». VIEW DETAILS ». Workday Performance Management.

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Engagement Isn’t the End Variable

Silkroad

Rather, CEOs want to move the needle on productivity, customer satisfaction, retention, and revenue. The Corporate Leadership Council found that engaged employees have the potential to reduce staff turnover up to 87 percent, while Hay Group discovered that engaged workforces lead to 2.5 But engagement is typically not the end variable.