Businesses in Hawaii have a unique opportunity to leverage technology to improve employee engagement and retention rates. Technology can help organizations keep their staff motivated and engaged, facilitate information exchange, and foster creative thinking among employees. There are various technological tools, such as project management, social networks, and online portals, that can make employee participation limitless. Here are five innovative ways businesses in Hawaii can use technology to keep their employees engaged in the workplace. Employee turnover is an expensive endeavor for organizations.
Replacing an employee can cost up to 213% of their salary, including hiring and training costs. Additionally, staff turnover leads to a loss of productivity, missed sales opportunities, and a decrease in employee morale. Studies show that taking action to combat climate change can improve employee loyalty.
Understanding the Needs of Millennials and Generation ZGeneration Z and Millennials are aware of the world's need to respond to climate change, but only 14% of Millennials and 15% of Generation Z believe that large organizations are taking meaningful steps towards this goal. Business leaders must rethink how they hire and retain the best talent to gain the skills needed to stay ahead in today's world of work.
The Benefits of Employee Engagement and RetentionEmployee engagement and retention are essential for today's business leaders.
Not only is staff turnover costly, but losing the best employees also has a negative effect on productivity and can reduce employee morale—all of which have a serious impact on company results.