Employee retention is a critical factor in maintaining a stable and productive workforce. Keeping your best workers happy and engaged not only reduces turnover but also fosters a positive work environment and promotes long-term success. In this blog post, we will share valuable tips on how to increase employee retention and ensure the satisfaction of [...]
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It goes without saying that you’re always working to reduce turnover at your company. It’s costly: typically 1.5 to 2 times the amount of an existing employee’s salary. It takes a heavy toll not only on your company’s bottom line, but also on morale, engagement and productivity. According to a recent LinkedIn survey, the average [...]
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In the wake of the Great Resignation and the new mindsets that have evolved on the part of job seekers, today’s employers must be especially vigilant about the risk of their leading employees walking out the door. Are you doing all the right things to help drive employee satisfaction so your best players stay on [...]
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Have you ever ended the workday and thought to yourself, “Oh boy, who is going to be a no-show tomorrow?” Unfortunately, you aren’t alone. According…
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The Society for Human Resource Management (SHRM) recently reported that, on average, it costs a company six to nine months of an employee’s annual salary to replace them if they leave their job. For instance, if a person was earning $60,000 a year, this would amount to $30,000 to $45,000 om recruiting and training costs. [...]
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June 24, 2021- Posted in
News
The labor market in Central Oregon remains tight and finding qualified employees continues to be one of the primary barriers for business growth in our market. Hoping the right candidate will apply to your job or walk through your doors is not a strategy. The labor market is only going to get tighter for the [...]
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High turnover represents an unnecessary cost. With the right retention policies, you can keep your best talent in place. You’ll save money and get more out of your limited resources. But how can you make that happen? Keeping your employees happy requires foresight and a holistic approach. These investments pay off in the long run, [...]
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Breakups are hard. It's as true in business as it is in relationships. When employees leave, it can create an awkward situation. This is true no matter the circumstances, But managing the departure the right way can create significant value. Having a strong offboarding process can actually improve employee retention. At the same time, it [...]
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Building the perfect team requires great hiring and exceptional management. But those aspects are only part of the equation. It's also crucial to invest in retention so that you can keep your best employees right where they are. Losing workers is expensive. One data set showed that an hourly worker costs between $4,000 and $7,000 [...]
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It’s a moment you dread. Your top employee has walked into your office and sheepishly informed you that they plan to leave for another opportunity elsewhere. They’re respectful and professional in the process, but you’re left to wonder: what’s the real reason they’ve chosen to quit? Retention should be a key part of your recruitment [...]
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