According to stated that most workers in certain regions are expected to see their biggest pay increase over the next three years. Whether it’s due to inflation, legislature pushing for fair wages to match a rising cost of living, or businesses trying to keep good talent, you should be aware of the trends in wage increases and how that affects your compensation plans.
Outstanding businesses large and small use mentoring to tackle complex workplace challenges such as outlining company succession plans, improving productivity, and, perhaps most importantly, increasing employee retention. In fact, mentoring is on the rise — more than 70% of Fortune 500 companies offer employees access to professional mentoring programs.
Active onboarding processes for new employees can make all the difference in the world when it comes to retaining employees. Understanding how first impressions impact employee retention can significantly change how you conduct your employees’ first day of work.