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20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is a challenge for nearly every organization. Although it may seem impossible to perfect a retention strategy in the face of these odds, you can often make a dramatic improvement with a few simple steps. That level of voluntary turnover speaks to the magnitude of the retention issue many organizations face.

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20 Surprising Employee Retention Statistics You Need to Know

Bonusly

Employee retention is top-of-mind for nearly every organization, and it’s easy to see why— losing employees can mean losing valuable institutional knowledge, lower morale in remaining team members, and lost productivity. Being mindful of the core issues that drive turnover goes a long way in improving retention.

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The Value of Employee Engagement

Achievers

” Engaged employees can save your company money in a number of ways, from both a retention and productivity perspective. Better retention. He cites a Kronos study showing that 55 percent of workers reported that a simple “thank you” was the most motivating on-the-job factor for them. Less absenteeism.

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How Data is Driving Employee Burnout—and What to Do About It

TalentCulture

A bombshell study from Kronos Incorporated and Future Workplace found 95 percent of HR leaders report employee burnout is “sabotaging workforce retention, yet there is no obvious solution on the horizon.” Organizations with 100-500 employees indicated burnout was the cause of 10 percent or less of turnover.

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How Kum & Go Decreased Turnover by 70%

Branch

Retention and turnover. Turnover affects teams and impacts the customer experience negatively. This is the story of how one company cut turnover by 70 percent. Among their hourly associates, turnover rose to about 160 percent annually. Let's do the math and see what we come up with for turnover costs.

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Think Your Employees Are Burned Out? It’s Not Just Your Imagination

HR Daily Advisor

A new study conducted by Kronos Incorporated and Future Workplace found 95% of Human Resource leaders admit employee burnout is sabotaging workforce retention—but there is no obvious solution on the horizon. And almost 10% blame employee burnout for causing more than 50% of workforce turnover each year.

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New Kronos Study Finds Activities That Drive Employee Success are Often Ignored

HR Daily Advisor

According to a new study from Kronos Incorporated , onboarding is a critical weakness for a majority of organizations that stalls new hire momentum and threatens to disengage enthusiastic employees during their crucial first weeks on the job. organizations of all sizes and industries. Don’t hoard —Delegate onboarding activities.

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