article thumbnail

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.

Employee 158
article thumbnail

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.

Employee 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Employee 194
article thumbnail

The Impact of Community

Duct Tape Marketing

The Impact of Community written by John Jantsch read more at Duct Tape Marketing Marketing Podcast with Lloyed Lobo In this episode of the Duct Tape Marketing Podcast , I interview Lloyed Lobo. He is an entrepreneur, podcast host, and community builder. Would you support that idea? [10:39] 11:32] The subtitle of the book has 13 rules.

article thumbnail

Are You a Giver? How Reciprocity Results in Employee Retention

Mike Michalowicz

But when I went from a solo small business owner to one that had a couple of employees, I realized that I had new responsibilities that came with that. The reciprocity revolution in the workplace If you want to keep your employees from looking elsewhere (and they are looking, especially now), you have to engage them – and thoughtfully.

Retention 112
article thumbnail

29 Entrepreneurs Reveal What Employees Are Looking For From Organizations They Work For

Hearpreneur

Employees are the backbone of any organization, and their expectations from their employers can have a significant impact on their job satisfaction and overall productivity. To do this, companies need to understand what employees expect from them. To do this, companies need to understand what employees expect from them.

Employee 112
article thumbnail

The Business Case For Corporate Volunteering: Boosting Employee Productivity And Engagement

The Startup Magazine

Today, companies are constantly seeking ways to enhance employee productivity and engagement. One often overlooked strategy is corporate volunteering, which benefits the community and yields substantial returns for businesses. Moreover, volunteering allows employees to develop new skills and expand their professional networks.

Employee 148