It’s no secret that an effective employee retention strategy is crucial for success. Having a high employee turnover rate not only negatively impacts employee morale–it’s also costing your business thousands of dollars. The Bureau of Labor Statistics reported that the average turnover rate in the hospitality industry was 85% in 2021. With the competitive job […]
At Operation Graduate, we help employers provide tuition reimbursement education benefits to effectively retain employees. Employee retention is an important concern for any business, as it can be costly and time-consuming to constantly train new employees. Here are 17 strategies that companies can use to help retain their top talent in 2023: Offer competitive compensation […]
What are employee benefits? Employee benefits are non-monetary forms of compensation offered to employees by an employer—also called “fringe benefits”. These benefits are offered in addition to an employee’s salary or wage. Offering employee benefits is also an important part of retaining and attracting employees. Today, employee benefits are widely expected by employees. Employees need […]
Every business owner understands the importance of retaining employees. Retention has been shown to reduce turnover rates and onboarding costs, increase productivity, improve revenue and ROI, and even help to improve company culture. It is especially important to keep “superstar” employees who are motivated and go above and beyond. Because retention is so crucial to […]
Creating a positive work environment is vital to a business’ success. When employees work somewhere they can be comfortable and confident in their work, they are more productive and more engaged. It’s hard to describe what exactly defines a positive workplace, as it will look different to every organization. However, in general, a positive work […]
With trends like quiet quitting on the rise and the Great Resignation still in effect, it is becoming more and more difficult to retain employees. Constantly hiring and firing employees is extremely costly, and takes away from your time that you could be using to improve your business. Furthermore, it can be frustrating when a […]
Workplace burnout is an idea that has been affecting employees for a very long time. Chances are you’ve met someone experiencing burnout at work before. Maybe you’ve experienced it yourself, but never knew how common it was among employees. Deloitte’s external marketplace survey of 1,000 full-time US professionals show that 77% of respondents say they […]
If you’ve been on the internet lately, you’ve probably heard of a new trend emerging in the work environment. Quiet quitting–the idea that employees are no longer going above and beyond at work and are only meeting their job description– is a term that has been going viral recently on social media. This concept […]
Having motivated employees is one of the most valuable assets a business can have. When employees are motivated, they are excited to come to work everyday and accomplish goals. It is especially necessary to know how to motivate employees as a manager, as it can have a direct impact on your organization’s success. Motivated employees […]
Employee turnover rate is something that every business owner and HR professional will experience in their career. When employee turnover rates are high, it creates costly problems for your business. It can be time-consuming and expensive to hire and train new employees. This is why it is important to understand what causes turnover, and how […]
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