8 Effective Employee Retention Strategies

Hiring top talent is only the start to creating an outstanding workforce. The next step — and just as vital — is keeping them around. Let’s dive into employee retention: your company’s ability to maintain a work environment that supports staff in remaining with you.

Employee turnover is often a symptom of deeper unresolved issues, such as low employee morale, unclear career development options, lack of recognition, or poor employee-manager relationships. In addition to lost productivity, employee exits also hurt your bottom line.

One analysis found that businesses spend about one-fifth of an employee’s annual salary to replace that worker. Costs come in the form of recruiting and training, as well as institutional knowledge.

Ready for new ways to keep strong employees with your company? Below we’ll explore specific strategies for creating a better work culture in which your people want to stay and grow.

Strategies for employee retention

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Why a Career in the Construction Industry Provides Job Security

It is no secret that we are living in uncertain times. Technology is advancing so rapidly that certain occupational fields may even become obsolete far before anyone ever envisioned. This means that you will want to look for a career that provides you with a good feeling of job security. You want something that adapts to the changing times and continues to expand even in the midst of economic uncertainty. Throughout the modern era, the construction industry has been such a field that provides job security no matter what society seems to throw at it.

People are Always on the Move

Throughout history, people have always been moving from one place to another. This is especially true in recent decades with the expansion of major cities around the world. Whenever people move, there is a renewed demand for new building projects. This is an area that technology will not eliminate … Read more

15 Must Read HRTech Stories From Summer 2020

The pandemic has led to an increasingly unique situation for the workforce. Unemployment rates remain high. Remote working is the new normal. The reliance on technology grows by the day.

HR Tech companies have to be more creative than ever to mitigate these constantly shifting issues. 

In this roundup we highlight the Summer’s major news stories of innovation, automation and integration in the continued wake of COVID-19.

What companies are partnering up to create better candidate experiences? Which tech giant leads the work-from-home initiative? Who is inventing new algorithms to combat location-based hiring difficulties?

Find answers to these questions and more below.  

Reward Gateway Launches Open API for Employee Engagement Platform

August 11, 2020

Global employee engagement company Reward Gateway added Open API capabilities to its Employee Engagement Platform. The addition allows clients and other third-party HRIS’s to connect to Reward Gateway’s existing platform to automate HR processes and help … Read more

How to Land a Private Equity Job

 Private equity is a dream career for anyone in finance. It might not be as challenging as the Olympic games, but getting into private equity is certainly a formidable feat, that too right after under graduation.  

 So how do you do it? 

The Traditional Path  

 There are rare chances that private equity firms will hire you as an undergraduate. Most undergraduates are hired for investment banking roles, preferably for investment banking analysts. That too when banks are hiring on campus, right after college. If you have a summer investment banking analyst internship, it further increases your chances. So here’s what a usual road map looks like until this point:  

  1. Get into a target college 

 If you want to work in private equity, ensure that you get into a college where banks flock to hire  

  1. Find investment banking internships

Several global investment banks offer summer investment banking internships. Getting an internship … Read more

Supply Chain Branding Tactics

To keep up with hiring demands in a tightening labor market, it’s important to deploy creative marketing and employer branding strategies to help attract the right talent to your supply chain organization. Here are our top tips from our supply chain recruiters for developing or optimizing a supply chain employer branding strategy.

 Unify the Brand of Your Organization

You’ll want to create career branding materials that accurately highlight your organization, culture, history, career paths, and especially the benefits of working for your company and its supply chain organization. Many organizations neglect how important it is to have a consistent brand image across the entire organization.

 If you don’t know where to get started with your supply chain employer branding strategy, a great place to begin is with your company values. The things that are important to the company culture will help shape a strong brand image. Partner with your marketing Read more