How to Calculate and Improve Your Employee Turnover Rate
Gympass Blog » Employee Retention
by Gympass Editorial Team
1y ago
Employees are the foundation of any business, and business leaders sometimes take that foundation for granted — specifically, that it will always be there. Yet workforces are anything but static. Workers come and employees go in a constantly shifting dance as new positions open and veteran staffers move on to other opportunities. This is a natural part of working with people. So, yes, turnover is natural — but it’s also expensive and, if you have a high churn rate, could be a sign of broader issues within the organization worth addressing. Here’s how you can calculate your turnover rate, how t ..read more
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Who Qualifies for the Employee Retention Tax Credit?
Gympass Blog » Employee Retention
by Isa Oliveira
1y ago
The Covid-19 pandemic has been rough for most people, but small businesses have had a particularly difficult time. Many businesses were forced to shut down or partially shut down to comply with state or federal mandates, which meant lost business. In fact, there’s evidence that small business revenue dropped 52% thanks to Covid-19.  Lost business revenue hurts the company, yes. But it also hurts the employees. During Covid-19, payrolls dropped 54%, and literally anywhere from 3 to 31 million people were unemployed at any given moment during the pandemic because their place of work had to ..read more
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Employee Retention Guide
Gympass Blog » Employee Retention
by Isa Oliveira
1y ago
Retaining good employees starts before the first inkling of an impending departure. By the time employees’ productivity drops off and rumblings of their discontent reach their managers, it may be too late. With job-hopping more acceptable than ever and the abundance of options workers now have for remote, hybrid and contract positions, employers need to implement retention strategies at the onset of the hiring process—during recruiting and onboarding—in order to reduce costly turnover. “Set things up right in the beginning,” Charlane Brady, MSW, Management and Leadership, a 20-year human resou ..read more
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HR’s Role in Making Hybrid Work Successful: 3 Tips
Gympass Blog » Employee Retention
by Isa Oliveira
1y ago
The way we work is changing right before our eyes. Many leaders assumed that as the threat of COVID-19 receded, we would get back to normal in short order. However, even as offices were re-opening, it was clear that many organizations could see the benefits of adopting a hybrid work model as the norm, rather than going back to 100% in-person work.  Chief among the benefits of hybrid work is that the vast majority of workers prefer it to working fully remotely or fully in-person. In 2021, 70% of workers stated that they “wanted flexible remote work options to continue” and 65% said they wa ..read more
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Think About Personal Development to Boost Hiring and Retention
Gympass Blog » Employee Retention
by Isa Oliveira
1y ago
Employees and job candidates are looking for more than a paycheck today, and HR leaders need to respond accordingly if they hope to continue attracting, hiring, and retaining high-performing people. One answer: Draw outside the traditional benefit lines to invest in employee programs and benefits that promote personal development. High on the list of what employees want is a culture of caring. They want to work for companies that go beyond core benefits and believe in the value of helping employees flourish not only in their current role, but in their careers and in their personal lives. Here ..read more
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How Will HR Keep Employees After They Get Their Bonuses? What Are You Doing To Keep Them?
Gympass Blog » Employee Retention
by Isa Oliveira
1y ago
No matter how large an annual bonus is, a bad employee experience the rest of the year will push already-disengaged employees to leave after the money is in the bank. Here are three ways to help prevent that from happening.   The post How Will HR Keep Employees After They Get Their Bonuses? What Are You Doing To Keep Them? appeared first on Gympass | Blog ..read more
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