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Attrition vs Retention: What’s the Difference?

AIHR

Employee attrition and employee retention are important HR metrics for developing and managing a robust, productive workforce, especially in the context of Great Resignation. Employee attrition and retention are two concepts on the opposite ends that address the same situation. Contents What is employee attrition?

Retention 134
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10 Must-Know Employee Engagement Statistics For 2024

Vantage Circle

Employee engagement is the driving force behind exceptional workplaces. It embodies the commitment and enthusiasm employees bring to their roles. Yet, comprehending the depth of employee engagement requires more than observation. The latest employee engagement statistics for 2024 highlight some tremendous insights.

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10 Employee Retention Metrics You Need to Know

AIHR

Implementing a solid employee retention strategy is critical for any company. Having the right mix of employees, especially since the world of work is transforming and the economic landscape keeps changing with it, helps keep your business afloat and growing. Contents What is employee retention?

Metrics 139
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Is an Open Compensation Policy a Good Idea?

Zenefits

To increase trust and improve transparency, some companies adopt an open compensation policy. For example, social media software company Buffer publishes salary information for all positions. Here are a few of the big advantages that come with an open compensation policy. What are the pros of salary transparency?

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Key Human Resources (HR) Pillars: Your 101 Guide

AIHR

A department : The HR department manages all HR activities, including recruitment, onboarding, compensation, development, performance management, and employee relations. HR as the workforce : Human resources are essentially the employees of the organization.

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Top Six Employee Recognition Trends of 2024

Vantage Circle

According to a Bersin & Associates study , organizations with effective recognition programs promoting employee engagement had 31% reduced voluntary turnover. Getting employee recognition right is tough - there's no two ways about it. The cost of employee turnover can be significant, often estimated to be 1.5

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11 Real-Life Human Resources Examples

AIHR

From comprehensive benefits to AI talent retention solutions, these cases paint a vivid picture of HR in action. Effective employee onboarding process 7. AI talent retention solutions 8. Prioritizing employee wellbeing 11. It ensures a well-functioning work environment – contributing to employee engagement and wellbeing.