05/03/2013
Many employers are missing out on a simple, no-cost way to retain employees—communicate your promotions and promotion policies.
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04/04/2013
If your organization is suffering a post-recession exodus of its most valuable employees, here’s an old-school idea to stop the drain: Add job perks that your competitors don’t offer.
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04/01/2013
Slalom Consulting guarantees its employees that all of its clients are local, so they don’t have to travel if they don’t want to. That guarantee draws travel-weary consultants and new grads who don’t want to stray too far from home who, in turn, keep hiring and retention rates high.
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01/16/2013
Abbott Laboratories’ strategy for recruiting and retaining employees reaches beyond touting its health, retirement and work/life benefits. The Abbott Park, Ill., pharmaceutical company gives equal play to its employees’ cutting-edge research.
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11/08/2012
Keeping your best people doesn’t have to take a lot of time. All it really takes are small doses of quality time that make the most of first impressions. Hiring and retention guru Mel Kleiman offers a five-stage timetable for getting new hires to peak performance and keeping them there.
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11/07/2012
Is your recognition program a top-down affair, with execs deciding how to sprinkle around the praise and prizes? Actually, studies show peer-to-peer recognition can boost employee morale and productivity more than traditional reward programs. Some examples:
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09/17/2012
To thrive in today’s economy, employers must focus retention efforts on their highest performers. Here’s how:
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02/08/2012
As businesses make their slow transition from layoff mode to hiring, they may find that job-seekers have changed their expectations of employee benefits. They're beginning to demand everything from more comfortable work spaces to employer practices that nurture the psychological well-being of the workforce.
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12/13/2011
Employee recognition programs aren’t quite as popular as they once were, but the 86% of businesses that use them find that rewards and incentives can still spur sales, improve retention and employee loyalty, and raise productivity during an era of slim pay raises and uncertain bonuses.
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11/25/2011
The general manager of A Yard & A Half Landscaping says she spends nothing on recruiting because the firm’s employees are eager to get jobs there for their family and friends. That might be because the organization’s benefits include the usual (medical, dental and retirement plans) and also the unusual.
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09/21/2011
Five Detroit companies are offering employees cash incentives to live downtown. Blue Cross Blue Shield of Michigan, Compuware Corp., DTE Energy, Quicken Loans and Strategic Staffing Solutions will give employees more than $4 million over five years if they move into any of six downtown neighborhoods.
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09/13/2011
Employees of Monarch Bank work at cubicles so huge that they call them “Taj Ma-cubes.” Every President’s Day, they celebrate “Monarch Day” with training sessions and an awards ceremony. And last year, their bonus checks were 30% bigger than the year before. Result: Employees stay.
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08/11/2011
While salary budgets are up this year—merit raises are running near 3.0% compared with 2.7% in 2010—some still-skittish employers are more likely to dole out title raises rather than extra cash. The danger: Organizations may give gratuitous no-pay promotions instead of using the practice as a selective reward and retention strategy.
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07/28/2011
Nearly 40 employees of the real estate development company Bozzuto Group met, fell in love and married their spouses while both were working at the firm. It could be why so many of its workers refer their friends and family members as possible co-workers. Plus, the 23-year-old company has one of the lowest turnover rates in the industry,
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07/19/2011
On average, 30% to 40% of an employee’s total compensation is wrapped up in benefits. Unfortunately, employees often have no idea that's the case. The most effective way to make sure employees really understand the benefits you offer, their value and why they’re a great deal is to tell them face-to-face.
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