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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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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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Director of People and Culture Job Description and Salary

AIHR

The Director of People and Culture leads various HR functions and responsibilities in large companies and corporations: recruitment and talent acquisition , compensation and benefits, training and development, performance management, and employee relations. The role is more administrative in nature.

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How Companies Like PetVet365 Use Performance Management Tools to Support Employee Well-being

15Five

To keep both employees and managers on the right track, industry-leading companies such as PetVet365 , Clearbit , and Hubspot use performance management tools like 15Five for goal setting, clear communication, and turnover reduction—all of which impact employee engagement and morale.

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15 Best HCM Software in 2024 (Based on Four Research Parameters)

Vantage Circle

Performance Management: Goal Setting and Tracking : Allows for establishing and monitoring individual and team goals aligned with organizational objectives. Performance Reviews and Feedback : Conducts regular performance evaluations and provides a platform for feedback and development planning.

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Culture of Feedback: What Is It and How To Create One in the Workplace

AIHR

Talent development: The Harvard Business Review published a study showing that 57% of employees prefer corrective feedback over praise, which helps them develop their skills and capabilities. Retention and loyalty: A culture of feedback can positively impact employee retention.

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21 Most Common Leadership Challenges You Must Know

Vanessa Van Edwards

The Great Resignation has made employee retention harder, with 4 million Americans 3 [link] quitting their jobs monthly. Thus, Microsoft’s retention rate increased and now ranks ahead 4 [link] of competitors like Apple and Oracle. For example, say you’re a physician at a hospital. How do you deliver the negative feedback?