Will Employee Retention Be An Issue in 2018?

In a new study by Future Workplace and Kronos, business leaders continue to express the importance of employee retention.

With low unemployment rates and high marketplace activity, the hiring landscape is competitive, to say the least. The Future Workplace and Kronos study suggests that 87% of employers said that improving retention is a critical priority for their organization.

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What Is The Average Employee Retention Rate by Industry?

Attrition has always been expensive for companies, but in many industries, the cost of losing good workers is rising, thanks to increasingly tight labor markets. This makes measuring employee turnover more important for employers.

How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate?

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What the Cleaning Industry Can Learn From …Uber?!

Uber is a pioneer in recruitment and labor management. In a few short years, they’ve been able to recruit 450,000 drivers in the United States alone, most of whom likely never considered driving a taxi for a living. When you take a look at Uber’s highly tactical recruiting strategy, one element stands out — PAY. But not the amount of pay, but rather the frequency of pay.

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5 Reasons Why Employees Quit

Employee turnover is expensive, and in many industries, the cost of losing good workers is rising. Tight labor markets, and young employees job hopping at an increased rate are two proven contributors to turnover increases. Turnover is a meaningful expense for companies who constantly have to recruit new employees and bear the cost of that employee ramping up and becoming productive. According to Glassdoor, it took an average of 52 days and $4,000 to fill an open position in 2016. To keep workers engaged, employers must take special steps to ensure their employees are as productive as possible. For example, employers can implement employee listening strategies or they can promote financial wellness strategies amongst employees.

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