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PTO Policy Guide For EmployersSummary. A paid time off policy allows salaried or hourly employees to get paid for a set amount of time when they are not working. Parental leave, jury duty, or bereavement leave is typically not covered under a PTO policy. A Paid time off (PTO) policy allows employees to take off for things such as […]
Unlimited PTO Guide For Employers
Summary. Unlimited paid time off (PTO) is a vacation policy that allows employees to take as much time off work as they want. Employees must submit a request and have it approved before they can take the days off. Offering an unlimited PTO policy can help employees be more productive and take fewer sick days. […]
Why Employee Retention Is Important (And How To Improve)
Summary. Employee retention is the measure of how many of a business’s employees remain with them over a period of time. In most cases, it’s expressed as a percentage, such as having an 85% retention rate. Sometimes the opposite side will be expressed instead. That would be called the turnover rate. Turnover has to do […]
Employee Retention | Definition, Strategies, And Benefits
Summary. Employee retention is essential to companies’ health, as it lowers costs and increases productivity and morale. Good employee retention strategies target common employee pain points, such as a lack of recognition by intentionally creating an enjoyable place to work. After you hire a new employee, you may think your work is done. However, now […]
How To Calculate And Improve Employee Retention Rate
Summary: Understanding your company’s retention rate can lead to a better work environment for the employees and higher profits for the business. Your company’s ability to hold onto great employees is important for everyone involved, from your newest hire to your customers to the owner of the business. It’s a big step toward running a […]
8 Tips for Managers to Minimize Employee Turnover
Employee turnover is devastating to any company’s productivity, workplace morale, and bottom line. Here are eight strategies managers can use to retain more employees.
8 Tips for Managers to Minimize Employee Turnover
Employee turnover is devastating to any company’s productivity, workplace morale, and bottom line. Here are eight strategies managers can use to retain more employees.
How Bad HR Can Destroy Your Company
HR plays a critical role in the development of every company. Just as great HR can take your company to the next level, bad HR can destroy it. In this piece, Eugene Eaton analyzes some of the ways bad HR can be detrimental to your business.
20 Ways To Destroy Your Employer Brand
It can take years to build your employer brand credibility and just seconds to destroy it. Here are 20 simple ways to completely destroy your employer brand.
It’s becoming more and more evident that holding onto your top performers is key to continued success in business. You’ve gone through all of the appropriate steps and taken the time to ensure you have the right person in that seat; now, how do you keep them there? A stay interview might just be your […]
5 Signs Poor Management is Ruining Employee Retention
The cost of a new employee is estimated at between six and nine months' salary. So it's important to recognise the most telling signs of poor employee management.
10 Ways to Prevent Your Employees From Leaving
Tips for preventing employee turnover, including creating a positive work environment, offering competitive compensation, providing opportunities for growth and development, and communicating effectively with employees.
7 Ways to Reduce Employee Attrition
Employee attrition is never good for a business. If you are at a loss on how to stop your employees from leaving, here are a few great tips.
How to Cut Business Costs (Without Cutting Staff)
Every business tightens its belt in times of economic uncertainty and the first thing on the chopping block is usually jobs. While cutting staff numbers is a quick way to save money in the short-term, there are some very good reasons why it shouldn’t necessarily be your first port of call.
8 Ways to Retain Employees After a Merger or Acquisition
One of the major challenges during any merger or acquisition is the retention of key employees. Here are 8 ways you can retain your top talent after a merger or acquisition.
9 Effective Employee Retention Strategies
Losing key employees can limit productivity, damage morale, and cost as much as (or more than) the departing employee’s salary during the process of finding and training a replacement.
Employee Retention: Beyond the Honeymoon Phase
While your actions during the honeymoon phase certainly impact retention rates, it’s what you do after this period ends that ultimately determines whether or not an employee will stick around.
What Is Employee Turnover, Why It Matters, And How To Reduce It
Employee turnover rates have become a hot topic in business. The rate at which employees leave a company can tell you a lot about a company and that company’s culture. It also opens the door for that company to improvements and cost-saving measures. Key Takeaways Employee turnover is a financial problem for many companies, negatively […]
All companies go through changes. When there are large-scale, company-wide impact changes, sometimes it’s important to ensure your team’s key members stay committed to the company and see the large initiative through. That’s where retention bonuses come into play. When companies need a financial advantage to encourage key leaders or employees to remain with the […]
How to Retain Top Performers When They Hit the Top of Their Pay Grade
If you can't retain your top performers when their salary hits a ceiling, then you're in for a tough time. In this post, guest blogger Max Woolf reveals how to keep your top talent on board when their salary ultimately gets maxed out.
10 Proven Ways to Build Trust With Employees [Infographic]
Do your employees trust you? It may seem a minor detail if you’re part of a busy concern and profits are steady. But you don’t only have a humanitarian responsibility to ensure your team members feel stable and fulfilled: you have an opportunity to boost the value of your business. Because a company where the […]
8 Warning Signs You’re About to Lose a Team Member
Whilst there are some pretty obvious tell-tale signs that someone in your team has one foot out the door, other signs might be less obvious. It's up to you to be more aware.