Turnover rates now exceed 40% in key frontline industries. 🚨 Find out how to close the employee experience gap in our latest post. https://hubs.la/Q02FRpsC0
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As company owners, we are aware that employee turnover has been on the rise in almost every industry over the past decade, posing a significant challenge to our business goals and finances. To enhance employee retention, industry experts at 15Five recommend these strategies: 1️⃣ Foster a positive workplace culture that promotes belonging and appreciation. 2️⃣ Offer competitive compensation and benefits to attract and retain top talent. 3️⃣ Provide thorough onboarding and training for new hires. 4️⃣ Make professional development and growth opportunities accessible to all employees. 5️⃣ Conduct exit and stay interviews to gain valuable insights. 6️⃣ Implement a system to track and improve regrettable turnover. By implementing these strategies, we can create a supportive work environment, increase employee satisfaction, and reduce turnover. #RetentionStrategies #StrongTeam Check out the link for more: https://bit.ly/3tLgwvV
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Did you know 51% of employees want to quit this year? Reducing turnover starts with improving the employee experience.💡💼 Get 12+ strategies that make employees want to stick around:
What Is Employee Experience? 12 Strategies | ClearCompany
blog.clearcompany.com
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Your employee retention strategy can only control so much. Some factors are out of your control. To keep employees in your organization, focus on good orientation, fair pay, flexibility, and helping them grow professionally. However, we shouldn't forget the external factors that can influence an employee's desire to leave. Such as: → Economic Conditions → Industry Trends → Financial Obligations → Family Obligations → Technological Advancements → Overall Market Stability So, when evaluating the effectiveness of an employee retention strategy, it's important to keep in mind that external factors could be influencing the outcomes. Thoughts? #Recruitment #FMCG #FoodManufacturing
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A recent study stated 51% of employers cited employee satisfaction as their most important goal for 2024. So, what factors top the list for influencing employee job satisfaction? Here are several to consider... -Compensation/pay -Respectful treatment of employees -Benefits -Trust and communication between employees and senior management -Job Security -Career development and advancement opportunities -Flexibility/work-life balance -Management’s recognition of employee job performance -Organization’s financial stability -Opportunity to learn new skills You're one month in to the new year...how are you doing? Are you making adjustments and focusing on the things that are most important to your employees? If you're feeling stuck and not quite sure how to improve your employees' job satisfaction, let us help. We can assess employee feedback and create strategies to enhance satisfaction among your team. https://lnkd.in/dsnCSFRd #GrowthPointResources #HR #employeeexperience #culture #brand #yourpartneringrowth
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Retaining top talent is more critical than ever. While annual performance reviews have been the traditional method for evaluating employee performance, mid-year check-ins are emerging as a powerful tool for enhancing employee satisfaction and retention. These more frequent touchpoints offer many benefits that can lead to a more engaged, motivated, and loyal workforce. Here’s why mid-year check-ins are essential for retaining your best employees. https://lnkd.in/ekDqnFhj
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Your employee retention strategy can only control so much. Some factors are out of your control. To keep employees in your organization, focus on good orientation, fair pay, flexibility, and helping them grow professionally. However, we shouldn't forget the external factors that can influence an employee's desire to leave. Such as: → Economic Conditions → Industry Trends → Financial Obligations → Family Obligations → Technological Advancements → Overall Market Stability So, when evaluating the effectiveness of an employee retention strategy, it's important to keep in mind that external factors could be influencing the outcomes. Thoughts? #Recruitment #FMCG #FoodManufacturing
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Struggling with high turnover rates in the service industry? High turnover = pricey recruitment + training costs, lower productivity, and unhappy customers. But fear not! Implement consistent training, offer competitive salaries and benefits, foster a positive workplace culture, listen to your employees, set achievable goals, and show appreciation. Prioritize employee happiness and watch retention rates soar! Happy employees = successful business. Read more: https://lnkd.in/efKrXCys... #EmployeeEngagement #RetentionStrategies #BusinessSuccess
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𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐢𝐧𝐠 𝐭𝐞𝐚𝐦 𝐜𝐡𝐚𝐧𝐠𝐞𝐬? 𝐀 𝐬𝐭𝐚𝐧𝐝𝐨𝐮𝐭 𝐞𝐱𝐢𝐭 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞 𝐦𝐚𝐭𝐭𝐞𝐫𝐬 𝐦𝐨𝐫𝐞 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤! Surprising, only 10% of CHROs from big-name companies believe they're nailing it. A smooth goodbye isn’t just about being nice—it's strategic, shaping your brand and paving the way for future talent wins. Rolling out the red carpet as employees exit can turn them into your biggest fans and boomerang hires! 🌟 #Leadership #HRBestPractices #EmployeeExperience #EmployeEngagement
When turnover is inevitable, a manager’s focus must shift from turnover prevention to creating a positive exit experience. A positive exit experience improves the organization’s reputation as an employer and builds a strong network of former employees. However, according to CHROs, this part of the employee experience is a weak point for most organizations. A Gallup survey found that only 10% say their company is highly effective at the “employee departure” stage of the employee experience. This is far worse than they rated the other seven elements of the employee experience. Learn why taking steps to enhance the employee exit experience is worth it: https://lnkd.in/g__2wM-K
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While quiet hiring has gained attention for its positive effects on employee retention and strategic use of temporary talent, businesses must ensure they strike a good balance to avoid any negative consequences on employee wellbeing. In this article, Ian Nicholas, Global Managing Director at Reed explores the rising trend of quiet hiring and its impact on skill shortages and employee satisfaction. To what extent do you think quiet hiring can reduce skills gaps? 🤫🔇 https://lnkd.in/edwiPxFT #QuietHiring #Upskilling #SkillGap #EmployeeSatisfaction | Vinny Basra Sam Knight James Kielty Kaz Arora Debbie Poole Danielle Gillen Claire Smith Alexandra Martin
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Reports show that employee happiness is at a four-year low. 😐 Metrics, such as the Employee Satisfaction Index (ESI) and Employee Net Promoter Score (eNPS), provide this data. Have you gauged the satisfaction of your workforce lately?
'Troubling trend': Employee happiness drop to 4-year low in May
hcamag.com
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