Retention

Do the math: Retain workers instead of replacing them

04/01/2024

With the cost of replacing some employees potentially exceeding $100,000, smart employers are focusing on retaining staff instead of having to replace them.

7 tips for holding on to older workers nearing retirement age

03/20/2024

In today’s tight labor market, retention is more important than ever. If you have employees nearing retirement age, consider making an extra effort to hold onto them. You might find them more than willing to stay on the payroll.

Tight labor market could get tighter: Fewer workers planning to change jobs

03/06/2024

While job openings remain elevated and talent shortages persist, there is less attrition in the labor force, as fewer workers say they plan to change jobs this year. According to new research from employment and outplacement firm Robert Half, only 36% of workers plan to look for a new job in the next six months, down from 49% in July 2023.

Recruiting: Offer work-from-home option, tout opportunities to advance

01/29/2024

It’s tough to attract the best new hires if you can’t pay as much as larger employers can. However, you may have a couple competitive advantages big companies can’t offer: the option for employees to work remotely full-time and the promise of promotion opportunities.

Want to retain your employees? Offer training

01/12/2024

If you ask a departing subordinate why she’s jumping ship, it’s likely the answer will include better pay and benefits and a lack of opportunity for advancement. You can’t do much about pay and benefits, but you can leverage the training programs you already have in place to prevent subordinates from looking for a new job in the first place.

Survey: With retention slightly better in ‘23, how employers hope to improve in ‘24

12/19/2023

Employers spent much of 2023 trying their best to retain top talent, as workers continued showing a willingness to change jobs. Among their top retention tactics, according to a new report by the iHire online recruitment site: offering higher pay and bonuses, plus greater job flexibility and more recognition of employee accomplishments.

Persuade Gen Z they want to work—for you

11/21/2023

It will become increasingly difficult to attract Gen Z employees in the first place or retain them if the lure of entrepreneurship and the apparent ease of entry into creative online careers pulls them out the door.

3 trends that will affect retention in 2024

11/20/2023

Employers focused on retaining top talent in 2024 should focus on three major trends affecting the employee experience, according to Patrick Morrison, employee benefits advisor at the Marsh McLennan Agency.

Cut turnover by training managers to give better performance feedback

10/16/2023

When managers give lousy performance feedback, employees are much more likely to quit, according to new research by Textio, an artificial intelligence software firm that specializes in hiring and retention solutions.

8 key components for building retention and engagement

09/15/2023

As the workforce changes and new workers with diverse expectations join your team, it’s important to consider the value that each employee contributes. Hilary McClain, human resources consultant at McClain Resources, believes the key is to start from the beginning by establishing a commitment from each team member to promote a positive work environment.