WorkHound’s Post

Did you know the cost of losing an employee is equal to 33% of their annual salary? That means employee retention is just as important as customer retention. Not to mention that happy employees = happy customers. So if you’re a CS leader, hang on tight to your team 🤗 More surprising statistics about employee retention from TINYpulse by WebMD Health Services here: https://lnkd.in/eZ936ju Which stat do you find surprising? #EmployeeRetention #CSTeams

🔄 Understanding Employee Turnover: Causes and Solutions! 🔄 #EmployeeTurnover #HRStrategies #WorkforceManagement High turnover can sink a great team! Learn how to calculate and tackle it effectively in our latest article. Discover the causes, impacts, and cost analysis. Plus, get insights on reducing turnover with HR software. 📊💡 Read more on Factorial's blog: #HRAnalytics #TurnoverRate #EmployeeRetention #HRManagement #WorkplaceCulture #EmployeeEngagement #HRSoftware #BusinessStrategy https://lnkd.in/dccYX-D2

Measure your #HR Skills in 3 seconds: - Asked open-ended questions for a better work environment: -25 points (We promise, it wasn't a pop quiz, just making work-life more interesting!) - Analyzed responses with a text analysis tool: -25 points (Who needs a crystal ball when you have analytics? 🔮) - Circled back and cracked the code to solve issues: 50 points (Move over Sherlock, we got this. 💪) What's your HR prowess score?

💪 Start working at Google and you'll see what "company culture" means. We analyzed Glassdoor reviews of Google to understand the "Voice of Employees" and crafted a blog piece: #VoE #VoiceofEmployee #HR #textanalysis https://lnkd.in/ddFE6VZ9

142% of an employee's annual salary is what it costs an organization on average to fill that role. (According to The Society for Human Resource Management) Retaining staff is a major player in terms of growth and how fast you're able to scale. #employeeretention #employeeengagement #orgainizationalculture #dogood

Do you know having rigid policies can cost your company higher attrition rates along with 33% of the annual salary of employees who leave the company? It's better to have employee-centric, result-oriented, flexible, and company's mission-entric policies rather than sticking to poor managment. Read the guide to know in-depth details into it. Read More- https://bit.ly/3SS95fo #90daysfreetrial #hris #humanresourcetalentmanagement #humanresourcemanagement #upgradeyourworkplace #hroperations #automatedhrms #hrsimplified #reducemanualwork #mobileapp #freetrial #kasturihr

How happy your team is says a lot about your company. Great vibes, high energy – that's what a solid retention rate means. It's not just about hiring; it's about having a crew that's all in, delivering top-notch work, and saving you on turnover headaches. Guess what? HR analytics could be your secret sauce. Check out how in our latest blog: https://lnkd.in/gp_Mmufg #RetentionSuccess #AnalyticsDrivenRetention #HRAnalytics

Employee turnover can lead to increased costs and disruptions. Learn how to identify the root causes and implement effective retention strategies.   Keep your talent happy and engaged! #employeeretention #hrinsights

Quick bite ( HR - 3R) Before diving into the three R's, let's address the elephant in the room: Why is employee retention so crucial? Studies have shown that replacing an employee can cost anywhere from 50% to 200% of their annual salary. Beyond financial costs, high turnover rates can lead to decreased morale, reduced productivity, and a loss of organizational knowledge. In fact, according to a recent survey, companies with high retention rates are 24% more likely to maintain profitable growth trajectories. #hr #quickbite #3R #retention

Did you know in 2022, employee turnover due to voluntary departures cost companies more than $1 trillion? Losing your best employees is expensive, but you can keep them with the right strategies. #employeeturnover #employeeretention #attendancetracking https://hubs.ly/Q02BY_9M0