POSTS TAGGED : employee retention

Why Employee Benefits are Important for Businesses

Employees are the lifeblood of every company. Without them, it would be hard for a company to achieve its mission and enact its vision. But with a huge number of businesses from powerhouse brands to startup companies vying for the attention of the working populace, it can be very hard to stand out.

Happy employee, smiling broadly

This is where employee benefits come in. While salaries can be a guiding force in talent acquisition, the landscape has largely changed. Employers need more than just a monthly salary to get the talent they want, they need to keep up employee engagement and morale to ensure that they do not burn out and resign.…

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Intranet Tools Are a Secret Weapon For Employee Retention in Healthcare

In an economy where it is no longer necessary for workers to stay with a single organization for their entire career, employee retention is an issue that has dogged many high performance, high-pressure sectors like finance and business — but the problem is probably most stark in the case of the healthcare industry. The average turnover rate for new employees in healthcare rose to 14.7% in 2017, a number that represents a staggering amount of lost time and money for large healthcare organizations that may need to train hundreds of new workers every year.

Healthcare workers analyzing

Although there are many factors driving low employee retention, research on the subject has found that in many cases it comes down to the employee’s sense of connection and integration into the organization as a whole.…

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Tips for Helping Employees to Grow So You Boost Retention Levels

There are many costs involved with having a high staff turnover, from the loss of knowledge that occurs when workers walk out the door, to the financial costs involved in finding replacements, and the time it takes to train them up. As such, it is incredibly important for all organizations to have a focus on boosting retention levels.

Fostering employee growth with performance evaluation

While there are many different ways to do this, including recognizing and rewarding workers, creating a positive culture, providing employee perks and the like, one great way that not enough managers focus on is helping people to grow and reach their potential.…

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Why It Pays In Spades To Recognize And Reward Your Top Performers

The importance of rewarding employees for high performance has long been recognized as a powerful management strategy to stimulate better morale and boost greater retention in an organization.

Employee reward

When properly executed, employee recognition programs not only positively impact recipients, but also influence their peers. While some may be incentivized to win awards themselves, others may simply appreciate that they are part of an organization that honors and respects its best workers.

Why Employee Recognition Programs Work

The psychology behind why employee recognition programs work is simple: people like to feel appreciated for the good work that they do. At the end of the day, employees aren’t just thrilled at the reward itself but at the fact that the company they worked for recognized their hard work.…

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5 Tips For Keeping Good Employees

Finding a good employee is something that you should fight hard to keep. Without a solid team your business runs the risk of becoming a mess full of miscommunications, poor service, and could even lead to loss of money for you.

Retaining good employees

Many people make the mistake of taking a good employee for granted and allow them to slip away only to realize through a long string of employees following that one that it is hard to find good ones. Therefore, follow these tips to make sure you hang on to a good employee when you have one.

Offer Benefits

One of the best ways to appeal to a good employee is offering benefits such as stock in the company or providing medical insurance.…

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7 Employee Retention Strategies You Should Start Using

Ever noticed how every smart entrepreneur refers to their employees as a team? That’s because they know the value the right people bring to their companies. A business cannot be successful without the right people.

That might sound obvious, but many small businesses ignore the importance of their human resources. According to a recent survey, more than 50% of companies said that they don’t have a strategy for retaining employees.

The problem is that most managers see retention as a compensation issue – incentives, salaries, benefits, etc. In reality, what drives employees goes deeper than merely physical possessions.

With that in mind, let’s look at seven employee retention strategies every business should use.…

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Who Should Do Employer Branding In Your Company

We live in an age where it is more important than ever before to attract the right talent and to retain it for as long as possible. As many experts have been warning, this is the age of diminished employee loyalty and the potential employees are becoming more and more discerning, especially in competitive industries where there is shortage of qualified workers.

Employer branding

One of the ways in which companies go about this is that they start doing a bit of employer branding in the hopes they will set themselves apart from the competition.

Employer Branding Basics

Employer branding was introduced as a concept in the 1990s even though it has arguably been a part of the business world since forever.…

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5 Ways to Show Your Employees that Your Small Business Cares

As a small business, you know it’s very important that you do what you can to keep your employees happy. After all, turnover costs your company money, and in a small business, money may not be something you have much of. As an employee of a small business, it’s very important to know that your employer cares about you. If an employer shows you that you’re appreciated, it encourages you to stay there for a long period of time.

It’s known in the business world that employees need to feel appreciated. As a small business, you need to find creative and useful ways to do this in order to keep your employees happy.…

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Employees Need to Feel Appreciated

If you’ve been paying attention to the principles of sound management theory, then you already understand the value of emotional intelligence. It’s not just psychobabble, but a real aspect of intelligence that needs to be respected in the workplace.

Although it may sound like an oxymoron, there is such a thing as happy employees.

Happy and motivated employees

Happy employees are engaged employees. In turn, engaged employees do all the things necessary to help a company prosper.

  • They are easy to manage because they are conscientious, hard-working, talented, and productive,
  • They show up on time,
  • They help each other out,
  • They work all the time they work,
  • And they provide such excellent customer service that customers wouldn’t think of going anywhere else.
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3 Benefits the Most Talented Employees Look For in an Employer

For many small business owners, there’s a difficult balance to strike between being fiscally responsible and giving employees incentive to stay with your company. While some business owners feel that taking a very minimalistic approach will give them the most financial reward, this point of view may prove to be very short-sighted. If you have grand ideas for your small business and plan to expand in the future, you’re going to want to acquire the talent to get you there—and that talent typically won’t work for nothing.

Employer and her employees

Hard working, valuable employees understand their worth to a company and want to be compensated accordingly.…

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