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10+ Employee Retention Strategies for 2023 to Keep Your Top Talent

AIHR

Now, more than ever, organizations must do everything in their power to protect their most valuable asset – their employees. Investing finite resources into effective employee retention strategies will play a pivotal role in the success of your organization. Let’s explore why employee retention matters in more detail.

Retention 101
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Customer Retention: CEOs Share Strategies

Chief Executive

Their intent is clear: 41 percent of CEOs polled by Chief Executive in July cited “shifting focus to consumer retention” as an action they had taken or considered taking over the previous three months, making it far and away their biggest expressed priority. Many companies slipped on retention efforts over the last few years.

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What is a Turnover Rate?

15Five

Since employee retention is part of HR’s responsibilities, calculating and managing turnover rates falls on them, too. Often, organizations will use an average number of employees over that period rather than an absolute number to help account for variations. Always think about the next iteration of your employee retention strategy.

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Sustainability Reporting Is More Than A ‘Check-The-Box’ Compliance Exercise—It Is Becoming A Business Imperative

Chief Executive

In fact, a recent Deloitte survey found that vision and purpose are important aspects for talent retention and hiring, and that 54% of managed investment assets will be ESG-mandated by 2024. Tangible benefits anticipated include increased employee retention (52%), improved return on investment (52%) and risk reduction (48%).

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The 2023 Tax Deduction Cheat Sheet

Zenefits

Professional consultation fees, including working with lawyers, accountants, and business consultants, can all be deducted. It’s possible to deduct depreciation as well, and this applies to furniture, equipment, and any other business asset that loses its value over time. Employee retention credit . No account yet?

Insurance 105
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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

However, there are two mindsets that people use when considering employees: the cost mindset and the asset mindset. Many experts agree that employees, or our human resources, should be seen as an asset. These include staff: Retention. No account yet? We all know and accept this. What is a human resources strategy?

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HR Outsourcing Trends That Save Company Time and Money

Zenefits

However, current outsourcing trends include other HR processes, such as benefits administration, recruitment analytics, accounts receivable and payable, and adherence to frequently changing tax laws. Furthermore, HR’s care and attention toward existing employees often results in increased job satisfaction and employee retention.