that number by 100 to get the retention rate in your workplace. Below is a simple formula to calculate employee retention rates: Employee Retention Rate = (Total # of remained employees during set period ÷ Total # of employees) x 100 Why Is Employee Retention Important? The following are 5 ways that innovative employee retention strategies benefit businesses. 1. Boost employee morale A work environment with low staff or team retention can dampen employee morale. They not only feel unmotivated at work but also

10 Types of Company Leaves In this article, you'll read about: Why You Should Have Leave Policies 10 Types of Leaves - Definition & Examples Including paid leaves in working policies is a must for many employers to grow their business and drive the workforce. If team members know they have access to their proper leave entitlements, they will have more confidence and trust in the business. An employee-friendly leave policy helps drive employee satisfaction and loyalty, thus leading to

In this article, you'll read about: What Are HR Metrics? Recruitment HR Metrics Revenue HR Metrics Retention HR Metrics DE&I HR Metrics Human resources (HR) departments have become an increasingly important part of a business, as they are involved with making strategic decisions that can influence a company’s success or failure. They are responsible for gauging what is working well, what isn’t working, and where to invest the business’ future efforts. A recent survey shows that

What Is Employer Branding? Employer Branding Strategies Employer Branding Examples Tips for Employer Branding When hiring, recruiters not only have to select candidates based on their qualifications, skills and experience, but also envision how they would fit with the existing team. Writing detailed job descriptions and having open communication with candidates improves efficiency in hiring; however, improving employer branding is a unique way to attract high quality candidates. Employer branding strategies are used to improve the retention of employees, as

Tips for Successful Recruitment TABLE OF CONTENT Create a Positive Candidate Experience Try Collaborative Recruiting Encourage Employee Referrals Utilize Technology and Tools Embrace Diversity Create a Good Onboarding Experience Explore Remote Options Hire Internally Use a Rubric or Scorecard Build Strong Talent Networks Effectively recruiting is necessary for the smooth functioning of any organization. You want to hire the best possible team, whether your company is growing or experiencing a degree of turnover. But success recruitment isn't an accident

Care Manager Resume Sample (Text Format) Customer relationship management (CRM) is one of the most important aspects of every business as it helps build up, manage, and maintain a positive relationship with customers that leads to customer loyalty and customer retention. Generally, a customer service manager job description covers the following duties and responsibilities: Maintain and streamline the customer service standards. Handle, investigate and resolve customer problems through respective channels in a timely manner. Train, supervise, and manage a team

expertise in the STEM field. Recognizing this challenge alongside its shrinking workforce, the Taiwanese government announced in September last year its intention to attract approximately 400,000 foreign workers over the next few decades . To achieve this goal, improving the retention rate of immigrant workers, especially those with vocational and university qualifications, is crucial. In alignment with these strategic contours, CakeResume, a thriving global talent platform, orchestrated a Talent Connect event at its headquarters in Taipei, Taiwan, on August 9

mental health initiatives, employers can create an environment where employees feel supported, valued, and empowered to thrive. This proactive approach not only reduces absenteeism and turnover but also boosts morale and loyalty among staff members. 📚Further reading: 10 Employee Retention Strategies for Your Company in 2023 [+ Examples] Negative Impacts of Mental Health Issues at the Workplace When the importance of mental health in the workplace isn’t stressed enough by employers, it can have serious consequences for both employees

Why Empathy Matters in Leadership: Understanding Its Definition and Significance Among the myriad qualities of successful leaders, empathy stands out as paramount. Employing empathy enables leaders to forge meaningful connections with their teams, a trait highly valued by employees. In 2023, according to the survey, 86% of respondents believe empathy boosts morale in the workplace and cultivates mutual respect, underscoring the importance of empathy in leadership. In this article we’ll discuss the meaning of empathy, the traits and actions

Are you in tune with the keyword for the future of the workplace - DEI? In today's rapidly changing work landscape, the significance of diversity, equity, and inclusion initiatives (DEI) shall not remain as a mere buzzword; it's a transformative force in the modern workplace. DEI initiatives are about fostering an environment where all employees feel valued and empowered regardless of their background. In this article, we will answer your question of “What is a good DEI initiative?” by