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Home / Archives for Retention

Retention

3 Ways to Convince a Demoralized Employee to Stay

Dec 19, 2019 By Oliver Michaels

There comes a time in many employees’ lives when they feel it is time for them to move on. This may be as a result of that employee’s desire to take on a new career path, or they may have personal or family obligations that require them to leave their position. In cases like these, […]

Filed Under: Human Resources Tagged With: Employees, Morale, Retention

7 Employee Retention Strategies That You Can Apply Today

Dec 19, 2019 By Wagepoint

Savvy business owners know it costs 5x – 6x the amount to acquire a new customer than to retain an existing one. This rings true for hiring and employee retention as well. A report by the Center of American Progress found the average cost to replace an employee varies from 16% up to 213% depending on the employee’s compensation level. In […]

Filed Under: Human Resources Tagged With: Employees, Human Resources, Morale, Retention

The Growing Problem of Employee Turnover

Oct 8, 2019 By Brian Wallace

Reducing Turnover with Better Benefits Employee turnover is a costly problem and that cost is on the rise. Currently turnover costs $600 billion annually, but by 2020 that figure will balloon to $680 billion. What’s behind this rising business cost and what can businesses do to prevent it? The Strength of the Jobs Market is […]

Filed Under: Human Resources Tagged With: Employees, Hiring, Infographics, Retention

How to Keep Good Employees: Pay and Development Trump Benefits

Oct 7, 2019 By TSheets by QuickBooks

It’s no secret that replacing an employee is expensive. A 2019 retention report by the Work Institute found that conservatively, employers can expect to lose around $15,000 with the departure of an employee. In 2018, nationwide turnover costs were an estimated $617 billion, and that’s not accounting for the (very necessary) costs associated with training […]

Filed Under: Human Resources Tagged With: Benefits, Employees, Retention

4 Strategic Hiring Tips for SMEs to Beat the Tight Global Labor Market

Sep 13, 2019 By Andrej Kovacevic

Right now, economies all around the world are still performing reasonably well. At the same time, though, recession fears have started to ripple across the world, fed by an unstable global political climate. All the while though, businesses have to go on working, trying their best to account for the uncertainty. That’s no easy task. […]

Filed Under: Human Resources Tagged With: Hiring, Human Resources, Retention, Training

How to Improve Your Small Biz Digital Marketing

Jul 23, 2019 By Elaine Fogel

Small businesses are particularly challenged when it comes to marketing. Even though 89% of small businesses invest in marketing, limited budgets and lack of specialty staff can stymie their efforts. A new study, The Manifest 2019 Small Business Digital Marketing Survey, offers valuable insight on several fronts including recommendations for improvement. I’ve taken the liberty of adding […]

Filed Under: Online Marketing Tagged With: Branding, Digital Marketing, Retention, Sales

Is There a Human in There Somewhere?

Apr 24, 2019 By Drew McLellan

My dad passed away almost a year ago and, as executor, I had to make a lot of official phone calls to everyone from the social security administration to Hyundai where his car lease was financed. Sometimes I got a human and other times I did not. In almost all cases, I started with someone […]

Filed Under: Customer Service, Run and Grow Tagged With: Communication, Customer Service, Retention

How Can Your Startup Retain Staff as You Grow? Do These 8 Things

Sep 28, 2018 By Oliver Michaels

A company is only as good as its employees, but startups have additional pressure to attract the right talent and retain it. When the budget doesn’t allow for turnover, it’s especially important to find the right people and ensure they grow with the business instead of seeking greener pastures. So what can startups do to […]

Filed Under: People Skills Tagged With: Employees, Growth, Retention, Team

How Custom Career Paths Can Increase Your Retention, Revenue, & Efficiency

Mar 2, 2018 By SEER Interactive

Three months ago I began a custom career path at Seer Interactive so I could follow my dreams of working remotely while traveling the world. It took three months of research and 100 hours to build a new role within Seer that can be accomplished in 20 hours a week from anywhere on the globe […]

Filed Under: Open Culture Tagged With: Culture, Employees, Engagement, Retention

What About Sales Person Retention?

Jun 8, 2017 By Dave Brock

Retention is a hot topic—customer retention that is. We’ve all seen data around customer acquisition costs. Basically, the cost of acquiring new customers is several time higher than the cost of retaining and growing existing customers. The whole subscription model, on which all SaaS and XaaS companies are built has customer retention as a fundamental […]

Filed Under: Human Resources Tagged With: Employees, Retention, Sales, Team

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