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Does Your Company Have a Healthy Employee Retention Rate?

Zenefits

Turnover is expensive for any employer. You have to invest in hiring and training a replacement. Every organization that employs people will have at least some turnover. Every organization that employs people will have at least some turnover. Should you have a goal for your employee retention rate? percent and 12.2

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Top Reasons for High Turnover Rates (And How to Lower Them)

Zenefits

Unfortunately, many companies are facing the challenge of doing just that– as turnover rates rise employers are experiencing a record number of job vacancies without enough qualified candidates to fill them. The vacant job problem is greater today than it has ever been, one of the main factors being high employee turnover rates.

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5 Challenges Human Resources Is Facing in 2022 — and How to Overcome Them

Zenefits

Staff retention. Employee turnover has risen dramatically over the last 2 years, primarily driven by: Pandemic-fueled changes in workplace expectations. According to HireVue , 55% of employers have reported higher turnover in 2022 than in 2021. Staff turnover is problematic in several significant ways.

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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

Loosely defined , it’s the policies and procedures used for employee: Recruitment. These include staff: Retention. This will help retain talented staff and prevent issues with new hires. This, in turn, strengthens employee loyalty to the company and reduces turnover. What is a human resources strategy? Engagement.

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Employee Turnover Is a More Costly Problem than Researchers Thought, Here’s Why

Zenefits

Researchers have been studying employee turnover —the causes of it, and how to prevent it—since the 1900s. . But our researchers believed looking at the other side of the employee turnover equation— the ways in which employers are impacted by employees who quit— could be more easily understood. . Turnover is a “costly problem.”.

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5 Things Employees Value More than Salary

Zenefits

Clark, who has over 20 years of experience working in human resources, says that employees value other things – things that drive employee engagement, satisfaction, and retention. Employees today also value the opportunity to develop and grow – maybe even beyond the role they were hired for.

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Measuring HR: Bringing People Analytics to Human Resources

Zenefits

Today’s HR professional is beginning to reap the benefits of the data collected from every step of the employee experience, from recruitment to retirement. Recruitment. With AI at the helm, recruiters are honing in on top candidates with platforms that sort through thousands of resumes to find the best talent available.