Navigation Links
Employee Engagement & Retention: Benchmarking Metrics and Networking Opportunity to Help Solve Today's Workforce Challenges
Date:5/9/2008

CHAPEL HILL, N.C., May 9 /PRNewswire/ -- The cost to replace an employee can be as high as 2.41% of annual salary, but the long-term cost to the organization's Service-Profit Chain is even higher. A benchmarking report by Best Practices, LLC addresses the effects of turnover on the bottom line and offers insights on how companies can keep their employees engaged to tremendously improve productivity and the overall customer experience. According to data from the report, a reduction in turnover rates by just two percentage points, can result in a savings of $3 million annually. Depending on the level of employees (supervisors versus front-line employees) and the reduction rate, this figure can escalate to savings as high as $40 million annually.

The full report, "Employee Engagement and the Service-Profit Chain," is available with a complimentary summary at http://www3.best-in-class.com/rr942.htm. It highlights the best practices in identifying and improving drivers that are proving most effective in engaging employees in their jobs, their companies and their work groups.

Best Practices, LLC and the Global Benchmarking Council are hosting a related business conference that you and/or a colleague might find timely and insightful. Join Fortune 500 companies to share insights on talent retention and workforce management and learn from case studies presented by 3M, The Home Depot, Shire Pharmaceuticals, Cardinal Health, Nationwide Insurance, Metlife and others at the 10th Annual Human Resources Conference: Leadership Development - Finding, Growing & Retaining Top Talent, June 4-6, 2008, at The Ritz-Carlton Hotel, Sarasota, Fla.

To register for this event, visit http://www3.best-in-class.com/ge478.htm. Sign up TODAY to receive special hotel rates!

For more information on the benchmarking report or the conference, please contact Anna Buhr, Manager of Research Operations at (919) 809-7560 or abuhr@best-in-class.com.

ABOUT BEST PRACTICES, LLC

Best Practices, LLC, conducts work based on the simple yet profound principle that organizations can chart a course to superior economic performance by studying the best business practices, operating tactics and winning strategies of world-class companies. Best Practices, LLC has been a leader in pharmaceutical research and consulting for nearly 15 years. Visit our website at www3.best-in-class.com.


'/>"/>
SOURCE Best Practices, LLC
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Kaiser Permanentes Appointment and Advice Call Center Improves Employee Coaching and Development Activities
2. Aflac CEO Funds Breast Cancer Symposium in Honor of Companys African-American Female Employees
3. Complimentary Excerpt of Employee Engagement: Programs and Activities that Work Available from Best Practices
4. Metal Trades Dept. Calls for Oversight Hearings Into Operations of Energy Employees Occupational Illness Compensation Program (EEOICP)
5. Courage Center Offers Credentialed Educational Forum on Issues of Returning Injured Employees to Work
6. AK Steel Employees Compete for the Health of It
7. CNA/NNOC Wins Key Legal Decision Protecting Right of Public Employees to Strike
8. The SCOOTER Store and Their Employees Contribute $43,000 in MS150 Bike Ride to Help Texans With Multiple Sclerosis
9. Anthem Blue Cross Employee Assistance Program to Help Reduce Employee Absenteeism
10. Law Offices of Howard G. Smith Announces Investigation on Behalf of Current and Former Employees of Inverness Medical Innovations, Inc. Who Invested in the Inverness Medical Innovations, Inc. Employee Savings Plan
11. RNs Call on Service Employees Union (SEIU) President Stern to Renounce Violence Following Brutal Attack on Labor Event
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Pa. (PRWEB) , ... October 13, 2017 , ... While ... dark poses a problem. Fortunately, an inventor from Austin, Texas, has identified a solution. ... to medication in darkness or restricted lighting. As such, it eliminates the need to ...
(Date:10/13/2017)... ... ... Lori R. Somekh, founder of the Law Office of Somekh & ... and special needs planning attorneys. “Membership in ElderCounsel helps our office remain up to ... with elder law attorneys nationwide,” said Somekh. , ElderCounsel was founded ...
(Date:10/13/2017)... ... ... Global Healthcare Management’s 4th Annual Kids Fun Run brought out many kids this ... by Global Healthcare Management’s CEO, Jon Letko, is aimed at getting kids excited about ... ages; it is a non-competitive, non-timed event, which is all about having fun and ...
(Date:10/13/2017)... ... , ... “America On The Brink”: the Christian history of the United States ... creation of published author, William Nowers. Captain Nowers and his wife, Millie, have ... thirty years in the Navy. Following his career as a naval aviator and ...
(Date:10/12/2017)... Fla. (PRWEB) , ... October 12, 2017 , ... IsoComforter, ... therapy products, announced today the introduction of an innovative new design of the shoulder ... pad so you get maximum comfort while controlling your pain while using cold therapy. ...
Breaking Medicine News(10 mins):
(Date:10/11/2017)... -- Hill-Rom Holdings, Inc. ("Hill-Rom") (NYSE: HRC), today provided an ... Puerto Rico , where the company ... Following a comprehensive onsite assessment, ... damage, temporary loss of power and minimal water damage ... operations have resumed, and the company expects to return ...
(Date:10/4/2017)... South Korea , Oct. 4, 2017  South ... its next-generation CPR training aide "cprCUBE" on Kickstarter. The ... chest compression during cardiac arrests with better efficiency compared ... It also offers real-time feedback on efficacy of the ... The crowdfunding campaign has a goal to raise $5,000. ...
(Date:10/2/2017)... , Oct. 2, 2017  AllianceRx Walgreens Prime, the ... by Walgreens and pharmacy benefit manager Prime Therapeutics LLC ... brand, which included the unveiling of new signage at ... as well as at a few other company-owned facilities ... brand to patients, some of whom will begin to ...
Breaking Medicine Technology: