Bonusly

MARCH 7, 2022

Just hearing the word “turnover” can strike panic into the heart of even the most experienced HR professional right now. ??. With all the resignations, reshuffling, and high-speed hiring you’re probably experiencing, it can be hard to come up with an effective employee retention strategy. Turnover isn’t always bad.

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Retention and Turnover Trends Compensation Study 98

15Five

OCTOBER 30, 2023

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

Retention and Turnover 246

Retention and Turnover Strategy How To Onboarding Software 246

HR Brew

MAY 29, 2024

As the competition for talent remains fierce, HR pros should consider the elements of a successful recruitment and retention strategy. The insurance company’s employee turnover rate was 7% in 2023, compared to 10% in 2022, she told HR Brew. The average turnover rate in US businesses was 17.3% Subscribe to HR Brew today.

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Video Recruiting Retention and Turnover CHRO Talent Experience 292

Cupa HR

MAY 21, 2024

New CUPA-HR data show some improvement in turnover in the higher ed workforce, but staffing hasn’t fully bounced back to pre-pandemic levels. Managers still face challenges filling positions and maintaining morale, while employees are seeking jobs where their satisfaction and well-being are prioritized.

Retention and Turnover 52

Retention and Turnover Interview Software Staffing Software Assessment Software 52

DailyPay

JUNE 14, 2021

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. The turnover rate in the health care industry has risen nearly 5% — across all jobs in the industry — over the last decade. Retention Patterns In Health Care.

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Retention and Turnover Staffing Software Staffing Hiring Software 59

Fond

JANUARY 21, 2020

Simultaneously, hospital turnover increased by 0.9% Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. Improving retention and happiness at work for healthcare employees is a top concern among HR leaders. High Turnover and High Growth. The Cost of Turnover.

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Retention and Turnover Onboarding Software Hiring Software Staffing Software 111

15Five

JANUARY 18, 2024

Excessive turnover can cripple an otherwise healthy organization. While all organizations have to accept some level of turnover, too much of it can significantly affect performance. That’s why knowing what a turnover rate is and keeping track of it is important for HR departments. It turns feelings and impressions (e.g. “I

Hiring Software 246

Hiring Software Retention and Turnover Onboarding Software HR Software 246

Homebase

JUNE 22, 2023

That’s why employee retention is important, especially in the construction industry. As of 2021 , the construction industry had an average turnover rate of 68%—higher than most other industries, where the average hovers between 30-40%. What is employee turnover? Employee turnover is when workers leave the business they work for.

Hiring Software 52

Hiring Software Industry Retention and Turnover Recruiting Software 52

DailyPay

NOVEMBER 13, 2018

In our previous article, we discussed employee retention rate by industry and looked at which industries have the best and worst employee retention rates. In this article, we take a closer look at employee turnover rates for hotels. These findings also lead to actionable solutions that can help curb turnover issues.

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Retention and Turnover Industry Wage and Hour Training Staffing Software 52

Business Management Daily

JUNE 14, 2023

Organizations in the US have had a problem with high turnover rates ever since 2018, when they hit an all-time high. Turnover rates have continued to increase ever since, especially during The Great Resignation — where more than 47 million Americans voluntarily quit their jobs. Does your company’s turnover rate need work?

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Retention and Turnover How To HR Planning Retirement 52

DailyPay

JANUARY 17, 2023

How Financial Wellness Benefits can Tackle Staffing Shortages in Healthcare. Since being well-staffed remains a challenge in the industry, employers should focus on how they can enrich the employee experience, leading to higher retention rates. High turnover rates can significantly increase costs for healthcare employers.

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Retention and Turnover Paycom AI Recruiting Video Recruiting 52

FingerCheck

OCTOBER 19, 2023

A high employee retention rate is often a sign of a healthy business. Here, we’ll review what employee retention means, how it works, and how you can keep your best employees. What Is Employee Retention? Employee retention is the science of reducing employee turnover. What Are the Benefits of Employee Retention?

Talent Experience 52

Talent Experience Retention and Turnover Strategy Hiring Software 52

15Five

NOVEMBER 14, 2023

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

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Course Retention and Turnover HR Software Metrics 246

Achievers

SEPTEMBER 12, 2024

Employee turnover rates are a crucial metric for organizations to monitor, as they show how frequently employees leave the company. Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response.

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Retention and Turnover Hiring Software Employer Branding Recruiting Software 123

Payactiv

FEBRUARY 29, 2024

recent years, the definition has broadened to include the concept of employee well-being: how an organization protects and improves employees’ physical, emotional, and financial wellness. The reporting expectations among ESG authorities pertaining to well-being in the workplace and employer roles are also increasing.

Recruiting Software 52

Recruiting Software PayActiv Staffing Software Recruitment 52

Hppy

NOVEMBER 25, 2024

If you want to know how to effectively reduce employee turnover in the biomanufacturing industry, you need to understand the industry’s unique challenges, where turnover is high for several key reasons. So, what can you do to reduce employee turnover in biomanufacturing? This article offers several helpful suggestions.

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Bonuses and Incentives Retention and Turnover How To Industry 91

DailyPay

NOVEMBER 6, 2018

What does turnover look like in the caregiving industry and how are recruiting and retention practices evolving? Understand the effects turnover has on the healthcare industry and reduce it. The exhaustion of the profession causes a high level of burnout, which translates to turnover. READ THE EBOOK. per hour per hour.

Retention and Turnover 52

Retention and Turnover Wage and Hour Training Industry Staffing Software 52

HSD Metrics

MARCH 16, 2023

Although every industry is dealing with high turnover and staff shortages, healthcare professionals have been the most affected and have experienced the greatest pressure in the last few years. They are directly tied to positive patient experiences, yet industry trends point towards high-turnover rates among healthcare providers.

Industry 52

Industry Retention and Turnover Staffing Software Assessment Software 52

EmployeeConnect

AUGUST 28, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

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HR Software Hiring Software Onboarding Software Recruiting Software 130

EmployeeConnect

AUGUST 27, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

HR Software 130

HR Software Hiring Software Onboarding Software Recruiting Software 130

EmployeeConnect

AUGUST 27, 2024

Employee turnover is a significant challenge for businesses across the globe, particularly in today’s competitive job market. High turnover rates can lead to increased recruitment and training costs, disruption of team dynamics, and a loss of valuable organisational knowledge.

HR Software 130

HR Software Hiring Software Onboarding Software Recruiting Software 130

Dr. John Sullivan

DECEMBER 3, 2023

The silliest practice in retention is counting all quits equally in your turnover calculations. So the purpose of this article is to “open your mind” about the problem of measuring only aggregate “total turnover. Which I call “devastating turnover.”An Which I call “devastating turnover.”An

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Retention and Turnover AI Recruiting Hiring Software Diversity 146

15Five

DECEMBER 7, 2023

Scaling Growth, Engagement, and Retention Rapidly scaling any company while maintaining engagement and retention is a daunting challenge for HR and People teams. With the pivotal role managers play in fostering employee engagement, productivity, and retention, it was imperative to equip and support them effectively.

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Onboarding Software Onboarding Retention and Turnover HR Software 276

ClearCompany HRM

APRIL 12, 2022

As workers continue to resign, the benefits of employee retention have never been so apparent and companies are naming retention a top priority this year. With 50% of CEOs saying that recruitment and retention are one of their biggest challenges in 2022, it’s time to turn to more creative ways to retain employees.

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ClearCompany Hiring Software Retention and Turnover Interview Software 386

Hire Road

SEPTEMBER 13, 2024

Reducing Turnover: Strategies for Employee Retention You need a skilled and stable workforce to maintain productivity and adequately serve your customers. If turnover runs rampant, though, you’ll incur unsustainable costs, poor morale, and poor team chemistry.

Retention and Turnover 52

Retention and Turnover Strategy Hiring Software Background screening 52

Hppy

NOVEMBER 15, 2024

Employee retention remains a top priority for companies worldwide. Turnover costs add up quickly, and hiring new talent doesn’t just hit the budget hard, it disrupts team dynamics and slows down productivity. Measuring happiness might sound like a soft metric, but it’s a game-changer for retention when approached strategically.

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Metrics Retention and Turnover Strategy Compliance Training 91

Hppy

OCTOBER 30, 2023

For HR Managers, Chief Talent Managers, and Chief Happiness Officers, employee engagement and retention are top-of-mind concerns. You’re already well aware that employee wellness programs are not just an HR trend but a business imperative. The State of Employee Disengagement and Turnover Gallup reports a mere 34% of U.S.

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Retention and Turnover Wellness HR Software Analytics 113

Accurate Background

OCTOBER 17, 2024

In today’s competitive job market, high employee turnover is more than just a minor inconvenience—it’s a significant financial drain. With the average annual turnover rate in the U.S. And, as if employee churn wasn’t painful enough, recruiting new talent to fill all this turnover isn’t cheap.

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Retention and Turnover Employee Benefits Hiring Software Onboarding Software 52

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

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Retention and Turnover HR Planning Onboarding Employee Recognition 246

ClearCompany HRM

JANUARY 25, 2022

There’s no better year than 2022 to prioritize employee retention — after all, we’ve all heard of the Great Resignation. 73% of employers say they’re having trouble filling open roles, a problem that 70% expect to persist well into 2022. Use the results to inform your retention strategy and learn how to best support employees.

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ClearCompany Hiring Software Onboarding Software Retention and Turnover 370

HRExecutive

NOVEMBER 18, 2024

New hire retention is a measure that organizations often use to assess the strength of their recruiting process. Given the impact that poor new hire retention has across the business and the collective effort that is needed to keep it strong, this is a measure that should be on everyone’s dashboard.

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Retention and Turnover Hiring Onboarding Data 118

EmployeeConnect

AUGUST 14, 2024

The cost of turnover is high—not just in terms of recruitment and training but also in the loss of institutional knowledge and the potential disruption to team dynamics. As companies grapple with these challenges, one factor has emerged as a critical determinant of employee retention : the overall employee experience.

Talent Experience 147

Talent Experience Retention and Turnover HR Software Recruiting Software 147

Hacker Earth

NOVEMBER 22, 2024

Organizations of all industries struggle with employee turnover. The high turnover rates cause increased hiring costs, lost productivity, and broken team dynamics. In this blog, we’ll explore how talent assessments can help reduce employee turnover, the benefits they provide, and how to best implement them.

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Assessment Software Hiring Software Interview Software AI Recruiting 62

ExactHire

NOVEMBER 10, 2022

Employee retention is the secret ingredient for long-term growth and competitive differentiation. Why is Employee Retention Important? High retention helps attract the best talent as a company grows. This is because h igh employee retention rates contribute to: Consistency in operations leading to efficiency and growth.

Retention and Turnover 246

Retention and Turnover Hiring Software Onboarding Software Onboarding 246

EmployeeConnect

AUGUST 14, 2024

The cost of turnover is high—not just in terms of recruitment and training but also in the loss of institutional knowledge and the potential disruption to team dynamics. As companies grapple with these challenges, one factor has emerged as a critical determinant of employee retention : the overall employee experience.

Talent Experience 130

Talent Experience Retention and Turnover HR Software Recruiting Software 130

15Five

JANUARY 18, 2023

Though some regrettable turnover is inevitable and expected, when too many of those losses start stacking up, the entire employee experience can topple over like dominoes. The impact of employee turnover—particularly regrettable turnover—can be felt throughout a company, from dips in productivity to wounded team morale.

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HR Planning Retention and Turnover Objectives & Key Results HR Software 246

Fond

AUGUST 27, 2020

Today’s human resources professionals understand that finding and hiring top talent is only half the battle — if you’re replacing standout employees every couple of years, it’s time to seek out new employee retention ideas that will motivate employees to stay with your company. Why We Need to Talk About Employee Retention.

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Retention and Turnover Hiring Software HR Planning Planning Tools 128