Brands targeting the teen market have a business model to produce and price goods inexpensively, anticipating the mentality of “disposability” that exists within their target audience. Sadly, many businesses work from that same mentality in their approach in hiring employees. And, unlike a pair of shorts from Forever 21, replacing employees is very costly. Billions of … [Read more...]
4 out of 5 Employees are Dissatisfied in Their Jobs [Infographic]
The annual cost from lost productivity caused by disengaged employees is estimated to be $550 billion per year, but it costs 20% of an employee's salary to replace him or her. It pays not only to keep employees engaged but also to keep them happy. Bolt Insurance put together an infographic that shares statistics about precisely how disengaged U.S. employees are and how … [Read more...]
Real Reasons Employees Leave Your Company [Infographic]
Why do employees leave your company? It's probably not for the reasons you think. Bolt Insurance put together the infographic below to identify the biggest reasons why employees leave their jobs and companies using information about the biggest stress inducers identified through research by the American Psychological Association and information about reasons employees leave … [Read more...]
The Keys to Employee Retention
Post by Veronica Eyenga, contributing Women On Business writer Employees are the driving force to your business’ success and retaining those key people is critical to the health of your company. The ability to keep your best employees ensures customer satisfaction, product sales, and deeply embedded organizational knowledge. But how do you get your best employees to stick … [Read more...]