This presents an important opportunity for employers who want to improve retention. From investing in education to receiving employee feedback, here are some of the most effective ways to do so:ĩ4% of employees would stay longer if a company invested in long-term learning.Ī majority of employees, regardless of industry, are highly interested in learning and growing in their careers. There are many strategies companies can use to improve employee retention. Post A Job How to Improve Employee Retention Standardized onboarding creates 50% more productive new employees.Īnother great perk of standardized onboarding is productive employees, as the process leads to employees who perform tasks faster, safer, and more effectively. By just having a standard onboarding process (great or not), companies increase retention by 50%. While an exceptionally strong onboarding experience will ensure that most employees stay, the effects of standard onboarding are also impressive. Great onboarding increases employee retention by 82%. This spells disaster for any company that doesn’t prioritize onboarding. Within the first year of working, the majority of employees will leave a new job when given a poor onboarding experience. To understand more about onboarding and retention are connected, here are some general facts and statistics:Ħ4% of employees leave their new jobs because of a poor onboarding experience. Smooth and educational onboarding are essential for building employee retention. Onboarding | How to Improve | Why Employees Quit | Cost The average annual turnover rate in the US is 57.3%.įor further analysis, we broke down the data in the following ways: Only 39% of HR leaders say retention is their biggest concern.Ħ5% of US employees are looking for a new job and believe they could find better pay elsewhere According to our extensive research:Ħ9% of employees with a good onboarding experience stay for at least three years.ģ3% of new employees quit within the first six months. To find out more, we’ve gathered all of the essential trends and statistics about employee retention in the US. Not only do retention trends affect businesses and companies but also candidates searching on the job market. However, this is easier said than done, and many modern companies struggle to retain new employees. Research Summary: For any business that wants to improve productivity and reduce turnover, encouraging employee retention is important. Post A Job For Free, Promote It For A Fee
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