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Effective Management Techniques to Reduce Employee Turnover

The Startup Magazine

Perhaps it won’t be wrong to say these staggering numbers are a wake-up call for organizations to take employee retention seriously. Otherwise, they will (sooner or later) experience the resource drain, high overhead costs & low employee productivity. What Is Employee Turnover? So, let’s get started.

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Improving Employee Retention To Build A Strong Team

YoungUpstarts

Do you pay attention to your employee retention rate and whether your top employees are happy? If your employees are unhappy and continue to hand in their resignation, it makes it challenging to keep the business moving forward. Continuously hiring new employees is a huge expense for a company.

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How Businesses Can Better Retain Their Employees

The Startup Magazine

Studies have found that employee turnover results in businesses losing over $1 trillion annually. This staggering number can affect your company’s bottom line, but by providing the right incentives, you can decrease the cost of poor employee retention. Human nature is to improve and feel valued.

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Follow This Six-Point Checklist To Strengthen Employee Onboarding

YoungUpstarts

These companies also see a 69% boost in new hire retention. Instead, employee onboarding necessitates individual checkpoints that make the process beneficial for the company. It’s surprising how many new employees end up having titanic battles with company systems and technology. Get Systems Firing on All Cylinders.

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The Role of Sales Incentives in Boosting Employee Performance

The Startup Magazine

Sales incentives play a critical role in motivating employees. Different types of employee performance incentives can cater to various motivational needs. Incentive programs must align with the company’s objectives and the employees’ desires. Types of Sales Incentives So, what are sales incentives?

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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

How can you shift focus to customer retention versus acquisition? Nothing is more important than assuring the company can continue to pay its employees. Before layoffs, cut all salaries by 20%. Cut CXO salaries by at least 30%. Award equity to employees equal to the value of their reduced salaries.

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4 Strategies to Reduce Employee Turnover That Work 

The Startup Magazine

Image Link: Unsplash Businesses continue to face the issues of economic downturn, an exhausted workforce, a highly competitive landscape, and employee turnover. Employee turnover, for one, has been an ongoing problem across various industries. Do you wish to steer clear of losing valuable employees? Then, keep reading.

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