#employeeretentionrates

[axiomfsg]

Enhance employee retention rate with a competitive retirement plan.

No matter how technologically forward the world becomes, human and intellectual capital is the most reliable and valuable asset of any organization. However, a business can never hold on to experienced staff forever unless it offers something more than just timely salaries. This is why designing programs like employer-sponsored retirement plansis crucial. It not only shows your investment towards their staffs’ talent but also encourages them to share in the firm’s overall success. Besides, you can always enhance employee retention rates with a competitive retirement plan. At Axiom, we understand all these and more. That is why we go above and beyond to develop customized and competitive plans for your employees. We take care of everything from drafting the strategy and initial plan design to third-party administrator selection, annual plan reviewing/benchmarking, and accessing to fiduciary support. So, contact us to meet our experts and leverage your entire business today.

[whiteswankol]

Excellent Ways How HRs Can Improve Employee Retention Rate

Ø Put Stress on Hiring the Right Fit

Ø Handhold New Employees Through the Induction

Ø Pay Wages Competitive With or Superior for an Industry

Ø  Listen To & Take Feedback from Employees

Ø Appreciate Employees For Their Hard Work & Performance

Ø Create Friendly Competition Amongst Teams

Ø Have Growth Plan for Employees

Ø Design & Update HR Policies that Benefit Employees

Learn More

[workstatustool]

7 Powerful Strategies for Employee Retention in 2022

According to recent data from Statista, #employeeretention was a serious issue in 2017 and only got worse in 2018. By 2022, it’s expected that we will lose more than 50% of our #workforce. Thankfully, there are many strategies that can help you reduce turnover and keep your staff happy.

If you want your company to succeed in 2022, it’s crucial that you improve #employeeretentionrates.

No matter what industry you’re in, there are certain challenges your business will inevitably face, no matter how big or small it is. One such challenge facing many businesses today is employee retention—the process of retaining existing employees who would otherwise leave their jobs for other opportunities. Facing a constant talent war and rising turnover rates can cost businesses up to 25% of their annual revenue. The good news? There are ways to reduce these costs by reducing employee turnover rates. #Staffretention is an issue all organizations struggle with. While it might be nice to think employees are loyal and don’t jump ship every time they’re offered a better opportunity, that just isn’t reality.

To do so, implement these seven strategies for retaining top talent in today’s business environment: