Does a Low Employee Turnover Rate Yield Less Profit?

Jan 5, 2017 3:44:22 PM / by Involvesoft Marketing posted in Employee Engagement, Reducing Employee Turnover

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Understanding The Difference Between High and Low Employee Turnover Rates

Contrary to popular belief, can lower employee turnover rates actually yield you less profit? It seems pretty crazy to think that as you retain employees, your profits decrease. But let's dive a little deeper into this. What’s the big talk about sustainability in the workplace today? Some questions that arouse could include, how can I change my turnover rates, how can I retain millennial talent, or how can I let go of employees without hurting my business? It’s the talk of 2018. As the new year gets ready to begin, it’s a good time to reflect on what your long-term objectives are.

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Average Employee Turnover Rate: Analysis and Strategy for 2017

Jan 3, 2017 4:51:31 PM / by Involvesoft Marketing posted in Reducing Employee Turnover, Employee Retention

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Quantifying Average Employee Turnover Rate

Every year companies face the challenge of retaining top talent and develop strategies to maintain their highest performers. Quantifying the impact of their average employee turnover rate is a must in today's ever evolving job market. Even more so when it comes to retaining high-level employees in management and leadership positions. Human resource departments face major corporate issues due to the high cost of finding adequate replacements that can achieve strong performance metrics, while also nurturing corporate culture and team building. Not to mention the opportunity cost leveraged when it comes to finding the right replacement within an adequate time frame.

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What effects does employee onboarding have on High Employee Turnover?

Dec 29, 2016 5:48:08 PM / by Saumya Bhatnagar posted in Employee Engagement, Reducing Employee Turnover, Employee Retention

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High Employee Turnover: What if employee onboarding could help you reduce it?

Employee onboarding is one of the most important factors helping new recruits get adjusted to the way of working in an organization. It is also one of the first things an organization can do to ensure improvement in high employee turnover when it comes to company.

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How does Employee Alignment Impact your Employee Turnover Ratio?

Dec 26, 2016 3:16:22 PM / by Involvesoft Marketing posted in Employee Engagement, Reducing Employee Turnover, Employee Retention

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What is an Employee Turnover Ratio?

If you’re not sure what an employee turnover ratio is no worries, I’m here to explain. Simply put, an employee turnover ratio is the ratio of total separations from the average number of employees. For example, lets say one month 30 employees left their job, for whatever reason, out of the 300 already employed individuals. Your turnover ratio for that month would be 10 percent [100 x (30/300)]. This indicates that your company lost 10 percent of its employees in the past month. While some companies choose to have high turnover rates to cycle though new employees, ideally this is not a good thing. Turnovers can cost your business a lot of time and money. Having high turnover rates means that new employees need to be constantly employed at your company. With this constant employment comes a constant effort in training and recruitment.

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What kind of industries have high Employee Turnover Rate?

Dec 23, 2016 12:33:43 PM / by Saumya Bhatnagar posted in Reducing Employee Turnover, Employee Retention

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Employee Turnover Rate: an issue plaguing every business

Managing employees in an effective manner requires you to stay on top of your numbers and keep a watchful eye on employee turnover rate. With the increase in employee turnover rate the cost incurred by the company increases as well.

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CSR Strategy: Shaping The Employee Experience

Dec 22, 2016 6:01:56 PM / by Saumya Bhatnagar posted in Corporate Social Responsibility, Employee Engagement, alignment

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CSR strategy for the next generation of socially conscious employees

“Service to others is the rent you pay for your room here on Earth,” said Muhammad Ali, the late great boxer and human rights advocate. Companies often focus service to others on maximizing shareholder value. However, a growing number of leading firms are broadening this focus to include serving their employees and communities through corporate social responsibility strategy, or CSR strategy. A major factor in this shift is the maturation of millennials into a prominent section of the workforce and consumer class.

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Leaders In Social Responsibility of Business

Dec 6, 2016 9:24:45 AM / by Saumya Bhatnagar posted in Corporate Social Responsibility, Employee Engagement

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CSR reputation rankings reveal market leaders

With great power comes great responsibility. As such, it’s no surprise that some of the world’s top companies are leading the way in social responsibility of business. A recent study by the Reputation Institute, a leading reputable advisory firm, examines the corporate social responsibility reputations of firms across the globe. Among the top ten firms (see rankings below) are several examples of companies that are household names and market leaders in prominent industries such as high technology, entertainment, and automotive. These leading companies set the example for social responsibility of business not just because it’s the right thing to do, but because it enhances their reputation and impact in the areas of citizenship, governance, and workplace.

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Business for Social Responsibility as good as Pumpkin Spice

Dec 2, 2016 3:32:00 PM / by Paul Arambul Jr posted in Whitepapers, Corporate Social Responsibility, Employee Engagement

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Business for Social Responsibility can be extremely profitable.

As we sip on our pumpkin spiced lattes, listen to Christmas music on Spotify and start to feel warm and tingly inside our thoughts could wander to these final days of 2016. It was an amazing year for CSR and one thing is for certain, we are living in a great era of Business for Social Responsibility in the USA. Companies who have great CSR (Corporate Social Responsibility) programs are not only leaders of social good, they are profiting from it too.

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5 Examples of Corporate Social Responsibility in Companies

Nov 29, 2016 10:05:05 AM / by Involvesoft Marketing posted in Corporate Social Responsibility, Employee Engagement

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Importance of CSR in a Company

Corporate Social Responsibility, or CSR for short, is the idea that a company should be socially involved with the environment around itself. This can range from engaging in nonprofit causes, to bettering the community, or creating stronger connections between employees. Ultimately, a company’s CSR is established to increase overall employee alignment with its values and mission. It is created to make employees, and employers, feel more connected with society. However, not all companies can take the same approach at CSR. It is important for industries to know their niche and what their employees want. Below are 5 different companies that show great examples of CSR in action.

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Good Corporate Citizenship

Nov 22, 2016 7:12:09 PM / by Involvesoft Marketing posted in Corporate Social Responsibility, Employee Engagement

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What is Good Corporate Citizenship?

What do companies such as Disney, Coca-Cola, GE, and Xerox have in common? All these companies embody a value of good corporate citizenship. Yes, they all have great products and services, but there’s more to just being an admired organization. They have made it a conscious effort to engage in the community and environment around them. Not only does this improve the reputation of these companies, but it also boosts sales. In a Nielsen Survey, it was reported that 55% of consumers are willing to pay extra for services and products from companies that are socially responsible. So what does it really mean to engage in good corporate citizenship? The definition can vary slightly, but ultimately it’s the idea of impacting society, and the environment, through corporate giving and philanthropic causes.

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