Employee retention is evergreen. There’s nothing more constant and essential to
businesses with employees than keeping those employees around—they’re literally
the soul of the business. So, if you've got employees, don't let your business lose its soul!
Employee retention is evergreen. There’s nothing more constant and essential to businesses with employees than keeping those employees around—they’re literally the soul of the business. Got employees? Don't let your business lose its soul!
Employee retention all starts with getting the right people on your team. Learn how to create a job posting that will help you save time and find those people.
Learn simple ways to attract quality team members that are more likely to stay with your company for the long haul.
Your mindset matters when approaching difficult conversations. Learn what you should keep top of mind going into these conversations to get the results you want to see from them.
How can you have a hard conversations that produces real results and hope? Learn whats helpful and what you should avoid in difficult conversations.
Millions of employees are quitting on principle and for pay increases—millions more are burning out. It’s the Hidden Resignation, and it’s already found its way into businesses everywhere.
Ken Coleman
A whopping 55% of employees are considering quitting their jobs in search of something better. It’s The Great Resignation. And it’s so much more than a trend.
Ramsey
Employee retention doesn’t happen on its own. You have to want it, and you have to earn it! Here are seven retention strategies you can try with your business.
Ramsey
Calculating employee turnover rate isn’t necessarily fun, but it’s an important indicator of your company’s overall health and culture. Improve your turnover rate so you can save your business a ton of time and money.
Ramsey
Recent trends in employee retention should have leaders of all business sizes taking a hard look at their employee retention strategies. Simply put, you can't afford to lose your employees—they're the engine that makes your business go. So, are your employee retention strategies future-proof?
Ramsey Solutions conducted a study of more than 3,000 employees working at organizations with 25 to 3,000 employees. The study covered topics including employee benefits, perceptions of and engagement with financial wellness benefits, employee financial and mental health, and other trends impacting today’s workforce.
Ramsey Solutions conducted a study of more than 1,000 benefits decision-makers in companies of all sizes across the United States. The study covered topics ranging from financial wellness benefits, the impact of financial wellness, barriers to financial wellness, organizational health and the impact of COVID-19.
Key findings from The SmartDolllar 2022 Employee Benefits Study where 3,000 employees were surveyed.
Employees Are Stressed, Burned Out, Overwhelmed And Angry
The 2022 SmartDollar Employee Benefits Study
Employees Worry About Personal Finances Daily
The 2022 SmartDollar Employee Benefits Study
Money Is The #1 Cause Of Stress
The 2022 SmartDollar Employee Benefits Study
Employees’ Mental Health Is Impacting Their Work
The 2022 SmartDollar Employee Benefits Study
Compensation Is The #1 Reason Employees Are Leaving
The 2022 SmartDollar Employee Benefits Study
Employees Are Losing Sleep Over Personal Finances
The 2022 SmartDollar Employee Benefits Study
Employee retention is defined as a company’s ability to keep the right employees working at their company long term.
These are five employee retention strategies your business needs right now:
Pay them what they’re worth.
Make a regular habit of recognition.
Don’t pass up talented internal employees for external hires.
Do whatever it takes to build trust.
Offer life-changing employee benefits.
Financial wellness is when employees take control of their day-to-day finances, have enough to cover most financial emergencies, become debt-free and can manage their expenses without debt, and are on track to meet their savings and retirement goals.
According to The 2022 SmartDollar Employee Benefits Study, employees who have access to a financial wellness benefit are twice as likely to say they’re better off financially than the year before.When employees are financially well, they tend to stick around longer at your company, become more productive, bring less stress into work with them, and are more likely to participate in the company retirement plan. Employees who have access to a financial wellness benefit are twice as likely to say they’re better off financially than the year before. This makes a financial wellness benefit a simple solution to the complex employee retention problem.
While SmartDollar isn’t an employee retention program on its own, we’ve seen the benefit that our financial wellness program has had on businesses. There’s a direct correlation between employees having control of their personal finances and businesses lowering their employee turnover rate.
