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The relationship between business owners and workers is undergoing profound changes. According to a Bloomberg News survey, 55% of workers admit that they will seek out job offers from other companies so they can use them as leverage to get raises at their current jobs. This gives companies a lower hand. It is more of [...] Read More

Organizations should not only be concerned with attracting talented employees, but with keeping them. A high turnover rate happens when too many employees leave the company within a specific time. Organizations that want to succeed should recognize the value of their current workforce and implement employee benefits programs and other strategies that will help them [...] Read More

Great workers could choose to leave their existing company for a better employment offer. If daring enough, they may go out on their own because they continually provide results and exceed expectations. However, this is not always the case. Great workers sometimes choose to stay for a variety of reasons that go beyond the obvious. Great [...] Read More

Employee turnover costs are widely discussed but seldom implemented because many executives believe it is either not entirely within their control or is more abstract than increasing revenue. The excessive cost of staff turnover is something that most firms are aware of. However, in terms other than cash wasted, how much does it cost firms to [...] Read More

Employees are a company's most important asset, especially when they are exceptional at what they do. Finding and keeping the finest personnel is critical for businesses to succeed in today's environment. This is especially difficult for small businesses and charitable groups, which must compete for qualified people with larger corporations who have more resources. Even [...] Read More

Are you constantly losing employees and hiring new ones? Many companies suffer from high rates of employee turnover. According to the Bureau of Labor Statistics, in 2021, an average of 4.4 percent of employees left their jobs each month. The process of losing and getting new employees costs companies a lot of money, and you [...] Read More

Great Resignation is a concept brought forward by Professor Anthony Klotz of Texas A&M University. This idea predicted and cited a lot of individuals leaving their jobs during and after the COVID pandemic. Most employees started re-evaluating their careers because of realizations that developed during the pandemic. This resulted in most workers leaving their jobs [...] Read More

According to Mercer, a staggering one-third of all employees have plans to quit their job in the next 12 months. This statistic might not seem overly concerning, but if you run a business, you may be worried. Your company or organization loses money each time employees leave, and high employee turnover can result in further [...] Read More

As the competition for top talent gets tougher and tougher, many employers struggle to retain staff these days. It is crucial for HR or management to develop the right employee retention programs to minimize the cost of losing employees and hiring and training new employees. Employee retention is also essential if your organization wants to [...] Read More

Every firm with employees must deal with employee turnover. Employees typically quit for financial reasons, although this is not always the case. According to Career Builder, only 12% of employees quit their jobs because they want more money. Other typical reasons include the desire to advance in their careers, the desire to achieve a better work-life [...] Read More