Jamela T. Brown ​​ Department of Business, American College of Education​ HRM 5003: Human Resource Management ​ Dr. Renee Harmon ​​ June 12, 2022

oöS. Jamela T. Brown ​​ Department of Business, American College of Education​ HRM 5003: Human Resource Management ​ Dr. Renee Harmon ​​ June 12, 202 2.

WORKPLACE TURNOVER. (Verlinden, 2022).

The employee turnover rate in the U.S. in 2020 3 out of 4 Number of employees that leave their jobs voluntarily.

Financially: Hiring Process Costs: $2,792 – $4,425 Benefits Costs: 1.25 – 1.4 times the annual salary Training and Onboarding Costs: $1,286 on average per one employee.

Retention rate is the period of time an employee stays with the company..

RETENTION.

RETENTION SECRETS. Incorporate pre-hire screening to uncover the candidate’s natural aptitude and interests. Develop a clear onboarding program so employees understand exact expectations . Emphasize “ moving the middle ” by developing current employees rather than solely focusing on new or underperforming employees. Flexibility with remote working.

TALENT RECRUITMENT. Recruiting top talent is essential to retention..

INFO o Attracting Top Talents Lorem ipsum dolor sit dim arnet. mea regione diatnet principes at. Higher Employee Engagement Lorem ipsum dolor sit dirn 'met. rnea regione diamet princig»s at. Higher Employee Retention Lorem ipsum dolor sit dim amet mea regione diamet principes at. Increased Productivity & Profitability Lorem ipsurn dolor sit dim amet. mea regione diamet principes at. Boosting Employee Advocacy Lorem ipsum dolor sit dirn amet- mea regione diamet principes at..

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REASONS WHY EMPLOYEES LEAVE.... Three Main Reasons: Poor Job Fit Incompatibility with Management Work Life Balance.

REASONS WHY EMPLOYEES STAY-( Embeddedness ). (Allen, 2021)).

"In today’s industry, in which change happens at a relentless pace, standing still is not an option. You must take a risk at some point." – Sanjib Sahoo , CIO for Transport—North America, XPO Logistics.

References. Allen, D. G. (2021, April 12). SHRM - The Voice of All Things Work . SHRM.https://www.shrm.org Andre , L. (2022, January 14). Employee turnover, while completely normal for any business, can become problematic if left unchecked. A fast . Financesonline.Com. https://financesonline.com/employee-turnover-statistics/ B. (2021, May 21). Corporate ethos vector infographic template. Attracting top talents,. . . iStock. https://www.istockphoto.com/vector/corporate-ethos-vector-infographic-template-gm1319215796-406135684 Chally Library. (2022, April 28). The Real Cost of Employee Turnover . Chally. https://chally.com/blog/causes-and-cost-of-unwanted-turnover/ Inside the new workplace and the ways employers are trying to retain employees . (2022, January 6). [Video]. YouTube. https://www.youtube.com/watch?v=4zU2gbGLopc Rudder, C. (2016, October 18). Risk-taking quotes to inspire business leaders . The Enterprisers Project. Retrieved June 12, 2022, from https://enterprisersproject.com/article/2016/10/risk-taking-quotes-inspire-business-leaders Verlinden, N. (2022, February 22). What does high turnover mean? Turnover rates, jobs, and causes . AIHR. https://www.aihr.com/blog/high-turnover-meaning-rates/.