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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

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

AIHR

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 and the best employee retention strategies HR can implement in the business. Let’s explore why employee retention matters in more detail.

Retention 101
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How to Calculate Your Employee Retention Rate

Get Lighthouse

Do you know your employee retention rate? Ignoring retention issues can slowly kill your company, especially if the number suddenly drops sharply. Understanding your retention rate helps you recognize if you have a real problem or typical turnover for your industry. Table of contents: What is Employee Retention Rate?

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Supplemental Benefits Your Employees May Need in 2023

Zenefits

To help fill the gap, you can offer supplemental benefits. Traditionally speaking, supplemental benefits are insurance products that help pay for health-related expenses not covered by major medical insurance. You can offer supplemental benefits through your insurance carrier. Hospital indemnity insurance. Critical care.

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How Does an Employee Benefits Survey Help a Company Grow?

Vantage Circle

There's a science to selecting benefits that effectively balance employer budgets and employee priorities. An interactive employee benefits survey is your secret to achieving this elusive synergy. The right questions blueprint your people's benefits outlook, including satisfaction, pain points, and desired additions.

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When Should You Implement a Hiring Freeze?

Zenefits

Slower economic growth severely affects consumer-facing industries such as retail, restaurants, and hospitality. This allows companies to rely on lean but well-structured benefits packages. A hiring freeze is an ideal time to shift your focus from recruiting to employee retention. Simplify benefits administration.

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What Are the Reasons That Some States Have Record-Low Unemployment?

Zenefits

Businesses affected by COVID have seen the biggest gains in employment , including: Leisure and hospitality. Revisit benefits packages. The labor shortage makes it easy for an employee to move on to a new employer if wages or benefits are substandard. Simplify benefits administration. Simplify benefits administration.