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Minimizing turnover risk for today’s workforce: 4 key priorities

HRExecutive

Not much, weve found in new research on voluntary turnover. Its critical to keep a focus on retention in these moments, not only to retain your top talent but to ensure you remain competitive no matter what is happening in the talent market. Voluntary turnover should be a key measure on any HR leaders dashboard.

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Leveraging Data Analytics for Strategic Workforce Planning

EmployeeConnect

Today, HR systems equipped with advanced data analytics capabilities enable businesses to make informed, data-driven decisions that enhance workforce efficiency and productivity. High employee turnover can be costly, both financially and in terms of organisational stability.

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Why Home-Based Care Needs Regular HR Audits 

MP Wired For HR

Enhancing Recruitment and Retention The turnover rate for caregivers is alarmingly high, often exceeding 70% in some regions. This translates to significant costs for companies, with estimates suggesting each turnover can cost over $3,500 [Source].

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11 Important Employee Relations Metrics To Track

AIHR

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. They provide valuable insights into various aspects of the employer-employee relationship, such as employee engagement, satisfaction, and turnover rates. HR tip Measure employee engagement often.

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Two Sides of the Same Coin: Recruiting & Retention

Speaker: Caitlin MacGregor, CEO and Co-Founder of Plum

Authentic employer branding is reflected in recruitment and retention efforts. Failing to modernize an organization’s approach to attracting and retaining talent by focusing on candidate and employee experiences could result in quiet quitting, turnover, vacancies, and lost opportunities that have the potential to impact overall profitability.

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The ROI of HR Software: How It Saves Time and Money

EmployeeConnect

Enhancing Employee Productivity and Retention A satisfied and engaged workforce is a productive workforce. Providing self-service portals where employees can access payslips, update personal information, and request time off without HR intervention. Happier employees are less likely to leave, reducing turnover costs.

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Workforce Planning is a Team Sport: Collaborating for Success

MP Wired For HR

By incorporating workforce planning into financial models, organizations can predict costs related to hiring, training, and employee turnover, leading to more precise budgeting. Higher Employee Retention: Financial investments in employee development, guided by HR insights, can significantly enhance employee retention.