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Innovative Ways to Improve Employee Retention

HR Digest

The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. Employee Retention Strategies to Decrease Staff Turnover Rates Employers need to focus on fostering a positive work environment as a step in managing attrition.

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Is Money More Important Than Meaning In Our Work?

The Horizons Tracker

“One of the defining facets of the modern economy is that we’ve run out of people, and this is likely to stay the same for a long time,” Josh Bersin says “Every aspiration your CEO has will be constrained by people issues and the challenges of growing the company when there aren’t enough people.”

Attrition 112
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Why 50% of American workers want to make a career change

HR Digest

A recent Washington Post-Schar School poll noted that one-third of workers under the age of 40 are now considering switching careers or changing industries since the pandemic. Historically, people looked to switch careers for a beefier paycheck, better benefits, more opportunities, among other reasons.

Career 98
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May 2021 Leadership Development Carnival

Lead Change Blog

In the workplace, this manifests as low engagement, high attrition, bullying, toxic culture, harassment, lack of psychological safety and stifled communication. John writes: “ Every business person has a “philosophy” for how they think a company should be run. The same is true for your leadership career.

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Building Trust Through Behavioral Integrity

Great Leadership By Dan

This study made an important link – one that had not been demonstrated before: manager behavior, specifically keeping promises and demonstrating company values, generates hard dollar profits. Of this group, 48 percent say that a lack of honest communication from company leaders was their primary reason for that decision.

Simon 260
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Enabling Growth: Promotions Are So Yesterday

QAspire

As attrition soared amidst pandemic, companies had to initiate short term measures to retain their best talent which included tactics like special salary hikes, off-cycle pay outs, work-from-anywhere options and offering special learning opportunities. That day, Jay wanted to explore the ways he can grow in his career.

Sharpe 100
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Wall Street banks opt for greater automation for grunt work to retain talent

HR Digest

An internal survey by Goldman Sachs junior employees detailing the crushing workload and the accompanying stress due to demanding bosses has led to some stocktaking about the working conditions in the industry and the high attrition rates. Also, most banks and investment companies are not comfortable taking the leap into technology.

Banking 95