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The Herman Trend Alert
August 5, 2015 Employee Retention---the #1 Issue---Again Retaining the best employees is difficult, especially when the economy is on the rise and new opportunities are opening up all around. But keeping your talent is essential if you want to remain competitive. As economies around the world improve and labor markets tighten, retaining top talent becomes increasingly difficult. Keeping those great people is critical to maintaining your competitive edge.
Employee Turnover is the #1 challenge Why are employees leaving? According to this study, lack of recognition at work is one of the top reasons, while employees also feel their contributions are not valued by their peers or manager. Moreover, it is values-based recognition that makes employees feel valued and that their contributions are fully appreciated.
Values-based programs are superior For the 90 percent of respondents practicing values-based recognition, the program seemed to have a positive impact on engagement, versus just 67 percent for non-values-based programs. In 68 percent of values-based programs retention seemed to be directly affected, versus 41 percent for non-values-based programs.
The message is clear
How this trend affect organizations
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