Employee Retention Strategies
Create LMS is the easiest platform for quickly deploying employee retention strategies that work.
Retention is a major problem for business today.
It is easier to fix than you may think.
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5 Core Reasons Why People Leave Their Jobs.
Almost all reasons for leaving can be categorised as:
1. Poor communication: It’s important for managers to keep their team members informed about what’s going on in the company and how their work fits into the big picture.
2. Lack of opportunity for growth: Employees want to feel like they’re making progress in their careers. When they feel stuck in a dead-end job, it’s only natural that they’ll start to look elsewhere.
3. Low pay: This is often misconceived. Why do promising, highly paid people leave? Yet often, people in poorly paid jobs stay on? – Interesting.
4. Poor working conditions: Employees won’t stay in a job if the working conditions are miserable. If the office is too hot or cold, if the furniture is uncomfortable, or if the noise level is too high, employees will start to look for a better workplace.
5. Bad company culture: Finally, employees won’t stay with a company if they don’t like the culture. If the values of the organization don’t align with their own, or if they don’t get along with their co-workers, they will eventually start looking for a new place to work.
The Create LMS platform will help you understand your own unique, retention issues and quickly deploy winning employee retention strategies.
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5 Solutions to Improve Employee Retention:
Employee retention Strategies are a vital part of any business. Not only does it ensure that your company has the talent it needs to succeed, but it also helps to create a positive work environment and build employee morale:
1. Offer fair/competitive compensation and benefits: Our survey tools help you understand salary sentiment, intent to leave and more. Use findings to drive strategy and share results to show you listen.
2. Foster a positive work environment: Enable your subject matter experts to teach with ease. Retain knowledge and best practices. Help people work smart and not so hard. Empower your people.
3. Encourage employee development: Employees who are well trained, grow and develop in their roles and home life. Create clear paths for advancement. Engaged people rarely leave.
4. Recognize and reward employee achievements: Showing appreciation for hard work, boosts morale and keeps them motivated. Recognition for things like birthdays, anniversaries, success, show your employees how much you value their contributions.
5. Be flexible: Everyone’s situation is different, so offering flexibility can go a long way in retaining employees. Consider things like telecommuting, flexible hours, or extended leave options.
The Create LMS platform makes it easy to semi-automate your Employee Retention Strategies. Get in touch to see how.
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5 Benefits of Employee Retention Strategies:
Good employee retention strategies will transform any organisation. The benefits are significant and easy to attain:
- Increased Productivity: When employees are happy at their job, they are more likely to be productive. This is because they feel valued and appreciated by the company.
- Improved morale: When employees stay with a company for a long time, they develop a sense of loyalty and pride in the organization. This can lead to increased morale among other employees.
- Lowers training costs: It costs a lot of money to train new employees. If you can retain your current employees, you will save money on training costs. You will onboard new hires faster. Errors reduce along with their associated costs.
- Attract new talent: Good employees want to work for companies that have a good track record of employee retention. Many companies struggle to find suitable candidates. Streamlining the hiring and onboarding process is a game changer. Create LMS will transform this aspect for you with almost zero effort.
- Higher customer satisfaction: Happy employees who perform excellently, lead to happy customers. This becomes a self fulfilling circle of success.
We have the technology, expertise, process, and teams to help you quickly deploy, winning employee retention strategies. Let us show you how.
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Employee turnover is an inevitable part of doing business.
However, it can be costly in terms of both time and money. The process of recruiting and training new employees is expensive, and it can take months for them to reach the same level of productivity as their predecessors.
In addition, employee turnover can lead to a loss of institutional knowledge and decreased morale among remaining staff.
Therefore, it is important for businesses to focus on employee retention in order to reduce the cost of turnover. This can be accomplished through initiatives such as offering competitive salaries and benefits, providing ongoing training and development opportunities, and creating a positive work environment.
By taking steps to retain employees, businesses can save money and improve their chances of success in the long run.
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employee retention and engagement
Employee retention refers to the policies and practices companies use to keep their employees happy and stop them from leaving.
Employee retention is a key part of HRM, and can be a big challenge for businesses. High employee turnover can be costly, so it's important to have strategies in place to keep your employees engaged and motivated.
Some common employee retention strategies include:
- offering competitive salaries and benefits,
- Providing training and development opportunities, and
- Creating a positive work environment. By understanding the factors that contribute to employee turnover and implementing retention strategies, businesses can improve their chances of retaining their top talent.
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employee retention statistics
Employee Retention is defined as the number of employees a company keeps over a set period of time.
Employee retention is a key metric for businesses. There are a number of different ways to measure employee retention, but some of the most common include:
- Employee turnover rate,
- Time to fill, and
- Length of service.
Employee turnover rate measures the percentage of employees who leave a company within a given period of time, while
Time to fill measures the amount of time it takes to replace an employee who has left.
Length of service is another common metric, and is simply the average length of time that employees stay with a company.
While each of these metrics has its own merits, employee retention ultimately comes down to how well a company can keep its employees happy and engaged.
Training and development programs, competitive compensation, and a positive work-life balance are all important factors in employee retention.
The Create LMS mission and reason for being was to design and build a platform that makes Employee Retention as easy as possible. Let us show you how.
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Employee retention is a critical issue for businesses today.
With the war for talent heating up, it’s more important than ever to find ways to keep your best employees. employee retention programs can be a great way to do this. But with so many different options out there, it can be tough to know where to start.
Here are five of the top employee retention programs that can help you keep your best talent:
1. Offer competitive salary and benefits packages.
2. Invest in employee development and training.
3. Encourage employee input and feedback.
4. Promote a positive work-life balance.
5. Recognize and reward employee achievements.
Implementing even just one of these employee retention programs can make a big difference in keeping your best employees happy and engaged. So don’t wait – start exploring your options today!
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employee retention strategies
As any business owner knows, employee retention is essential for the success of a company.
Not only does it help to ensure that your workforce is stable and productive, but it also helps to reduce turnover costs and create a positive workplace culture.
However, employee retention can be a challenge, particularly in today's competitive job market. Fortunately, there are a number of resources available to help businesses learn more about employee retention.
- Online resources such as the Society for Human Resource Management offer articles, tips, and best practices for retaining employees.
- In addition, there are a number of books available on the subject, including:
"Employee Retention: How to Keep Your Best Employees" by Katherine Cameron and Sharon Jordan-Evans.
"The Growth Handbook" by Elad Ghil, brilliantly covers the topics we are so passionate about: Train-Engage-Retain. Click on the link above to learn more.
By taking advantage of these resources or contacting us, businesses can develop strategies for retaining their best employees and ensuring long-term success.
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Too time constrained to improve your Employee Retention Strategies?
Our flex’ team of experts from HR, Training, Coaching/mentoring, and Content Creation can help..
Create LMS Features for Employee Retention
Why Choose Create LMS?
In his 2022 review of Create LMS, independent eLearning Consultant and Market Analyst, David Patterson of Learning Light praised our platform for its rare ability to offer a fully-comprehensive, modern feature set, while remaining quick and easy to set up and use. In particular, David drew attention to:
Create LMS Employee Retention Strategies
Integrations to Take Your Enterprise LMS Even Further
Create LMS in a Nutshell
- Be up and running with content assigned in as little as 90 mins.
- Track everything – in-depth data, with graphical reporting. Export to CSV.
- Many formats supported: SCORM, Quiz, Slides, Video 360, AR, HTML…
- Create learning tracks and pathways.
- Conduct custom surveys, pulse checks, reviews, appraisals, and graphically report.
- Retain knowledge, wisdom & best practice. Build once, share over & over.
- Learn about employee satisfaction. Discover & adapt to reduce employee turnover.
- Learning and career pathways to signpost development opportunities.
- Engaged, motivated and well-trained employees rarely leave.
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Client Feedback:
Sal Cuffari
"Their knowledge & attention to detail have aided in keeping our company’s training needs on track for over 236,000 users across 6 separate Comcast instances."
David Jones
"I have used Create LMS as both a learner and as an administrator and I think it is fantastic. I must say though, the system is intuitive and very easy to navigate."
Braeton Hill
"It was very easy to get familiar with and use the software since it is simplistic and all questions about the system have been answered without any trouble."
Create LMS can be dropped into other systems’ UI, making training and employee support in the flow of work a reality. This enhances the experience in such a way it will have an impact upon the retention levels of the organisation.
David Patterson eLearning Consultant and Market AnalystCreate LMS have been perfecting this approach for some years... in many different countries.