Employee Retention Strategies in HRM
When productive team members leave, it is frustrating. Sometimes an exit is impossible to see coming and there is no notice, but it nevertheless occurs. It takes time and money to hire new personnel to replace those who leave. In actuality, the cost of hiring a qualified candidate is 2.5 times the position's compensation. Business owners, team leaders, and people managers should put retention first in order to make the best use of their time and resources. Image Source : https://www.techjockey.com/blog/ways-to-improve-employee-retention The 5 Best Ways HR Software Can Boost Talent Retention 01.performance evaluation Talent managers have a broad overview of each teammate's performance by using HR technologies. Performance trackers can be used for more than just determining productivity and identifying when your colleagues are underperforming. Utilizing HR technologies wisely will help you identify which jobs coworkers enjoy performing and which ones they tend to put off until...