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How to Improve Retention: 10 Strategies to Support Employees and Reduce Turnover

15Five

Employee turnover is an increasingly significant challenge across nearly every industry, and the decline started well before the Great Resignation. These outcomes are inextricably linked, making retention mission-critical to your business. What causes employee turnover? years to 4.1

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3 Tips to Design a Transparent Non-profit Compensation Strategy

Compensation Today

Jessica Miller-Merrell, blogging4jobs PayScale reports that a more transparent compensation policy can support the recruitment and retention of employees at many non-profit organizations, especially in a growing multi-generational environment.

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7 employee retention strategies from employee experience visionaries

Qualtrics HR

However, employee turnover is in many industries is high and costly in time, money, and resources. The Society of Human Resources Management (SHRM) suggests that direct replacement costs can reach as high as 50%-60% of an employee’s annual salary, and total costs associated with turnover ranging from 90% to 200% of annual salary.

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Retention, retention, retention: Employers focus on keeping staff in 2015

Compensation Today

Tessara Smith, PayScale For the third year in a row, PayScale’s 2015 Compensation Best Practices Report (CBPR), discovered that employee retention was a top concern among the majority of employers. When asked, “How much of a concern is employee retention in 2015?” Hang on to your best employees.

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Frozen: A Chilly Day in Pay

Compensation Today

Freezing employee pay, if not communicated correctly, can bring down employee morale and increase turnover. If managers can successfully talk about pay with employees it can be beneficial for retention, motivation, and engagement. Download this ebook, Making Comp a Team Sport. Employees Work Through Their Options.

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PayScale's Compensation Glossary: Part 4 of 4

Compensation Today

Jenni Marquez, CCP, PayScale Compensation Professional Let’s review. Why it matters: How employees perceive their pay compared to their coworkers and others doing similar work at other companies can have a huge impact on retention, job satisfaction, and morale. Need to download the first 3 parts of the PayScale Compensation Glossary?

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LinkedIn Report: These 4 Ideas Are Shaping the Future of HR and Hiring

Linkedin Talent Blog

You can download the full report now to get all the new original research to inform your strategy and tactical tips to help you take action. Hostile workplaces hurt your bottom line through turnover and a tarnished employer brand. Allow employees to work when and where they need to for greater productivity and retention.