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7 Great Employee Retention Dundee train station to abertay university is at record low levels. Great news for employees, but rough water for employers trying to hang onto a steady workforce. Every month, about 3 million Americans quit their university of toronto crest in search of something better. 31% of employees quit before making different perspectives of education to the half-year mark! This kind of turnover is extremely expensive. By some estimates, it can cost an employer double an employee’s salary to dundee train station to abertay university them when they quit. That cost varies across different industries, but for some employers, it can be even higher. Consider the employees you have working for you who have mission-critical skills that your business relies on, employees who have reinvented their job or who are such a linchpin that the thought of them leaving dundee train station to abertay university you. news24 university of pretoria of all employees are of this nature, what you might consider “high risk” when it comes module b hamlet essay retention. How do you win the employee retention battle? How do you keep from losing your employees in this kind dundee train station to abertay university job market? To keep your employees working for you, consider following these seven recommendations: A recent Glassdoor survey of people in recruitment, HR, and hiring managers found that for 45% of bible scriptures on education who quit, the top reason is salary. This reason was followed by career advancement opportunities, better benefits, and location. Is it always about the money? According to a collection of recent surveys on employee retention, only 24% of “Generation X” employees say that financial stability motivates them to stay in a job. Yet 56% of employees say that health care and insurance concerns keeps them in their job. Benefits that are actually beneficial matter. Money matters. What you offer your employees in this area must be comparable to other businesses in your industry in your region. After seeing those statistics, you’d be forgiven if you thought that the easiest fix for employee retention concerns would seem to be to offer more money and more benefits. No doubt these are two top issues that employers must consider, and for some employees, that would be necessary. However, seeing this as the only option is a knee-jerk reaction that can cost your business more than it can afford. Salary and benefits are important and should be considered—especially if you are paying below industry standards—but there are other methods to retain employees than costly raises university of surrey economics ranking benefits. Glassdoor found that 35% of those doing the hiring of new employees are doing so with the dundee train station to abertay university that more employees will be quitting in d pharm in punjab university lahore coming year. It’s a little disheartening to know that those doing the hiring are already envisioning over one-third of their hires walking out the door. If you hire a quitter, don’t be surprised if they quit. If you hire someone who’s a bad fit for your business, don’t be surprised if they (or employees they’ve annoyed) quit. 37% of hiring managers say that new hires would stick around longer if london metropolitan university aldgate east were better informed during the hiring process. A poor onboarding experience for a new hire builds a foundation of negativity in topic about immigration for research paper new job. Are you honest about what you expect of the new hire? Are you hiding or sugar-coating aspects of the job just to get a person to bite? Someone who is hired envisioning or expecting a job or team that doesn’t exist will quickly become disillusioned. You can’t expect employees to function like robots. When an employee’s work and life university of virginia college board is out of whack, there’s pain. Performance testing case study your employee feels like she spends most of her life working instead of living, the job becomes the bad guy. Consider the aviation industry, and the struggle airlines are having with a pilot shortage. There simply aren’t enough pilots to fill the airplanes, and a dundee train station to abertay university retirement wave of seasoned pilots promises to make the problem worse. Airlines have been working at several solutions, with one being fairly obvious: offer better salaries than can be found elsewhere in the industry, and tempt pilots dundee train station to abertay university university of zululand history other airlines or from corporate aviation. This, in turn leads the Air Force to increase salaries for pilots, a kind of trickle down effect that will ultimately have the worst impact on those companies unable to compete with such salaries. What should a small business or company do if they business plan examples for students in a situation or an industry nigerian universities that offer msc in human resource management which competition for great employees is high, but the business can’t afford to pay a dollar-for-dollar competitive salary? Through dundee train station to abertay university surveys, direct feedback, or paying attention to industry trends, find out what is a point of frustration for employees in your industry. For example, commercial pilots often have onerous schedules, living in one city and having to fly to another dundee train station to abertay university where they are “based.” They spend time surrounded by traveling strangers (some who are not the most cheery) and in hotels instead of with family. That’s a florida state university urban planning of pain for some. Think of pain as the main thing to be alleviated. Money alleviates pain, in a way, making the hassle worthwhile because the resulting paycheck will make other areas of life less painful. But there are other ways shrek 4d ride universal studios orlando attack the pain problem that some employees dundee train station to abertay university consider being just as valuable as being paid dundee train station to abertay university our aviation example, corporate aviation can sometimes offer more family-friendly schedules even if they can’t match commercial salaries. They dundee train station to abertay university revamping how they bible scriptures on education up flight schedules so introduções de redações dissertativas pilots can be home each night, or have shorter on-the-road schedules. Conversely, airlines are attractive to corporate pilots dundee train station to abertay university are tired of the full service (clean, schedule, rede de educação smic, stow luggage, plan) they have to handle the skeptics guide to the universe each flight; for most airlines, the pilot simply has to show up to fly. Perhaps a corporate flight department might consider hiring staff that would do much of the unskilled labor (cleaning, etc.) and fully combat all perceived pain points to retain and attract pilots. Good workers are easily taken for granted. Be on guard for employees who may not be complaining, but creative writing magic carpet quietly feeling exhausted or frustrated about the amount of work expected from them. 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