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“I Quit”: Why Employees Quit and How to Retain Them

HR Digest

A high attrition rate is a costly challenge for any business. Sometimes the real cost of fully replacing an employee may run north of $40,000, including advertising, recruitment fees, the time it takes to train a replacement, and not to mention the lost productivity in between. may attract them to a new place of work.

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The Right Way to Cut Costs

HR Digest

Instead of outright layoffs, you may explore alternatives such as attrition or offering voluntary early retirement packages. Traditional marketing channels, such as print advertising or television commercials, can be expensive and may not always provide the desired return on investment.

Cost 105
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An Emotional Connection Matters More than Customer Satisfaction

Harvard Business Review

By applying sophisticated big data analytical techniques, we have developed a method for optimizing the customer experience investments that directly drive increased emotional connection and, thereby, greater customer value and financial returns.

Retail 12
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Big Data Hype (and Reality)

Harvard Business Review

Famously, five years ago, the company launched a competition to improve on the Cinematch algorithm it had developed over many years. Customer attrition. Web advertising response. We should exclude search advertising, where the ad is always related to user intent, and focus on the rates for display ads. of the time.

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Yes, You Can Start a Business and Have a Baby at the Same Time

Harvard Business Review

The firm is now in its second year, with a team of 13, and zero attrition by new parents. ” Family-friendly policies are all about building a culture of trust for Vic Drabicky, father of two and founder of January Digital, a 45-person Dallas- and NYC-based advertising agency.

Porter 8
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Companies Like Amazon Need to Run More Tests on Workplace Practices

Harvard Business Review

Automotive firms develop concept cars. And at Amazon, experimentation with all sorts of things — different types of customer services, whether to advertise on television, whether to offer various types of free shipping and membership plans, and so on — has been happening since its beginning.

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The New Psychology of Business Models

Ask Atma

You have a great business idea but you are not sure how to develop it. model, startups will have more success if they adopt lean and agile business development principles, where failing fast is the premium strategy and the lean business model reigns supreme. And you start by developing the simplest working version of your idea.