Achievers

NOVEMBER 1, 2016

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. The dimensions of the problem. Make room for personal work styles.

Employee Retention 229

Employee Retention Employee Recognition Work From Home Media 229

Achievers

OCTOBER 25, 2016

Most of your company’s expenses are unavoidable, but employee attrition is one of the costs that you can have significant control over. Employee attrition can cost six to nine months’ worth of the departing worker’s salary, so it’s in your best interests to find ways to address employee attrition head-on.

Employee Recognition 211

Employee Recognition Employee Retention Hospitality Banking 211

HR Digest

NOVEMBER 4, 2023

Amidst their country’s tech talent shortage, HP Indonesia is doing its best to focus on its employee retention instead of acquisition efforts, according to Human Resources Online. The World Bank has projected a 9 million skilled and semi-skilled ICT workers shortage to affect Indonesia between 2015-2030. million per year.

Employee Retention 59

Employee Retention 401(k) Salary Media 59

HR Digest

JULY 16, 2021

A culture of peer-to-peer appreciation goes a long way in employee job satisfaction. Nearly 32% of companies had dedicated recognition budgets in 2019 compared to 21% in 2015. . Employees share low-cost, high-frequency rewards with each other, and can earn “Zappos Dollars” for training participation as learners or volunteers, both.

Employee Recognition 126

Employee Recognition Retail Employee Retention Salary 126

HR Digest

SEPTEMBER 14, 2023

In a post-pandemic world where companies remain undecided on the benefits of hybrid models as opposed to in-person work setup, employee relations in HRM become even more important to ensure employee engagement remains high. in order to gain valuable insights that HR can actually make use of to retain existing employees.

Employment 98

Employment Health and Welfare Entertainment Government 98

Genesis HR Solutions

MARCH 1, 2023

80+ Employee Engagement Statistics The behaviors of highly engaged business units result in a 23% difference in profitability. 2022, Forbes) Low employee engagement is a costly problem—a company loses $5,000 each time an employee walks out the door. 2015, FastTrack360) Highly engaged workplaces see 41% lower absenteeism.

Employee Retention 52

Employee Retention Salary Work From Home Employment 52

Empuls

DECEMBER 17, 2024

Let's explore the various reasons why employee incentives matter: Increased productivity : When employees know their hard work will be rewarded, they will likely put in extra effort. Employee retention : High turnover rates can be costly for organizations financially and in terms of lost knowledge and experience.

Employee Incentives 40

Employee Incentives Bonuses Commissions Benefits Package 40