Get tips, insights and best practices to build your employee retention strategies and improve your employee attrition rate with Xoxoday blogs.
One of the biggest pain points for companies is managing employee retention Employee Retention Strategy employee benefits Improving the Work Environment Competitive Benefits
Employee onboarding is key. (So is offboarding.) They say you only get one chance to make a first impression. Employee onboarding and employee retention begin with the recruitment process.
This potential inaccuracy explains why retail ranks among the top five industries with the highest turnover rate. But there is one problem that gives retailers an even worse headache than recruiting – it is employee retention.
When it comes to retention strategies, you’ve heard them all: Free sporting event tickets, complimentary fitness memberships, hefty compensation packages etc. But perks and pay do not address the underlying problems.
If your employees aren’t performing their best, your business suffers - it’s as simple as that. These are the people responsible for carrying out the everyday tasks needed to keep your business ticking over and maintaining its revenue.
Employee benefits are non-wage compensations offered in addition to a staff member’s salary, and some of them can be quite valuable to retain talent and attractive for potential candidates.
Greater employee accountability has a direct correlation to higher performance and leads to enhanced capability, fosters innovation, increased dedication to the role, boosted morale, and higher levels of workplace satisfaction.
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