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10+ Employee Retention Strategies for 2023 to Keep Your Top Talent

AIHR

Investing finite resources into effective employee retention strategies will play a pivotal role in the success of your organization. Let’s explore why employee retention matters and the best employee retention strategies HR can implement in the business. Let’s explore why employee retention matters in more detail.

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Claiming an Employee Retention Credit in 2022

Zenefits

You can still claim an employee retention credit (ERC) if you own a small business and had to partially or fully close because of COVID-19. Your business can claim a maximum credit of 50% of the wages paid to staff in 2020 and 70% in 2021. Is it too late for me to claim the employee retention credit? .

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How to Improve Retention: 10 Strategies to Support Employees and Reduce Turnover

15Five

These outcomes are inextricably linked, making retention mission-critical to your business. 10 employee retention strategies that make an impact Working to improve retention is not only about hanging on to valuable team members. Ongoing training and career development are also critical to retention.

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17 Employee Retention Statistics That Are Required Knowledge in 2024

15Five

Here’s a treasure trove of stats on employee retention in 2024. Source 63% of employees who left a job in 2021 quit because their pay was too low. Likely, if you offer other benefits they’re looking for, like stability or work-life balance, that could be enough to keep many of your best people. To do that, you need data.

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Customer Retention: CEOs Share Strategies

Chief Executive

Their intent is clear: 41 percent of CEOs polled by Chief Executive in July cited “shifting focus to consumer retention” as an action they had taken or considered taking over the previous three months, making it far and away their biggest expressed priority. Many companies slipped on retention efforts over the last few years.

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7 Worst Employee Benefits

Zenefits

We know what employees want, generally, when it comes to benefits. Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. But what benefits do employees hate ? Entertainment perks.

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Why We Need a Renewed Focus on Employee Engagement in 2021

15Five

It’s even more true today in 2021. Sure, most of us need a paycheck and good health benefits — that is still important. So how do we as strategic people ops leaders retrofit an employee experience that goes above and beyond compensation and benefits? Strategic employee engagement = easier recruiting and better retention.