Remove Benefits Package Remove Employee Retention Remove Human Resources
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How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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Employee retention strategies to overcome the Great Resignation

Business Management Daily

Employee retention is a major challenge for employers at this time. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Solicit employee feedback.

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How to boost your benefits package

PeopleKeep

According to the Society for Human Resource Management, throughout 2021, an average of 3.9 Companies looking to stabilize their business are looking for ways to increase their employee retention. One method is to introduce new additions to your benefits packages in response to the tight labor market.

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Keeping an Open Line of Communication with Your Employees

PeopleKeep

Whether discussing job duties, explaining HR policies, or outlining a benefits package, it’s important that there’s a clear line of communication between employers and employees. Open communication encourages higher quality work, understanding of important policies, and a relationship of trust between employers and employees.

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Turning New Hires into Engaged Employees – 3 Quick Tips for Success

Achievers

Studies on turnover estimate that when an employee leaves a company, it can cost the organization between 30 to 250 percent of that person’s annual salary due to factors like loss of productivity and other associated replacement costs.

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6 tips to improve employee retention

Business Management Daily

The bad news is that as unemployment rates fall, employee retention rates see the opposite trend. As a company leader, you’ve likely experienced difficulties with keeping your average retention rate as low as you’d like. Employee compensation and benefits. Let’s start with the most obvious option. Offer perks.

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For Retention, Reducing Financial Stress is Key

Best Money Moves

The Society for Human Resource Management (SHRM) estimates that the average replacement cost of a salaried employee is six to nine months’ salary. That means that an employee earning $60,000 per year costs around $30,000 to $45,000 to replace. . So, how can you increase employee retention?

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