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Understanding employee turnover rates

Achievers

Retail: Research from McKinsey reveals that turnover rates for frontline retail workers have long hovered around 60%. Professional services: According to research by Statistica , professional services organizations around the globe report an employee attrition rate of 12.5%.

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Discover the top employee rewards software platforms of 2024

Achievers

Employees also get access to free discounts from popular retailers. With a variety of reward options, employees can redeem for international gift cards, branded merchandise, high-end products, and more. Gift cards to major retailers like Amazon, Target, and Apple are some of Cooleaf’s more popular reward options.

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14 employee appreciation gifts team members love

Achievers

Providing employees with additional freedom regarding when and where they work can make all the difference when team members are trying to achieve work-life balance. Gifts for improved mental and physical wellness. As companies continue to adapt to our new normal, they can’t afford to neglect employee wellness.

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The Rewards & Recognition Revolution: Unveiling Employee Preferences in 2024

Empuls

  Wellness Days (5%) showcase a growing awareness of employee well-being as a valuable reward.    By incorporating team-based R&R options and prioritizing employee well-being, businesses can foster a more collaborative and healthy work environment. 

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Building a compelling employee value proposition (EVP)

Achievers

A great employee value proposition should incorporate the programs and practices that are most important to today’s employees. For instance, a sports equipment retailer might focus on health benefits and include fitness opportunities and discounts. Employee wellness.

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How to calculate and increase employee retention rate

Achievers

But in most cases, whether your organization’s employee retention rate is high or low is a relative assessment that depends heavily on factors like your industry, company size, and the job roles included when measuring your rate.

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How to Improve Employee Engagement and Motivation in the Retail Sector (With Examples)

Empuls

Retail businesses rely on the engagement and motivation of their employees to provide excellent customer service, maintain a positive work environment, and ultimately drive sales. However, it can be challenging to keep employees motivated and engaged in a fast-paced, high-stress retail environment.

Retail 52