Acquiring highly qualified candidates is an ongoing challenge for businesses across all industries. The competition between employers to entice talented applicants is fierce, as the job market leans much more in employees’ favor. Retaining those employees is an equally significant concern. Cultivating a strong sense of culture is crucial for developing a loyal workforce. Understanding employee motivations is also essential to retaining them. The following statistics provide several insights on how to improve employee retention by creating a sense of loyalty:
- More than three-quarters of employees believe a strong company culture fosters their best work.
- Nearly three-quarters of millennials and 65% of Gen Z believe their job is integral to their identity.
- 70% of employees stay with their employer for the long term because they received excellent onboarding.
- Nearly 70% of employees indicate they would work harder at their job if their employer showed greater appreciation for their work.
- Businesses that cultivate a culture of learning enjoy a retention rate that’s 30-50% higher than those that don’t.
- Around 44% of employees will look for a new job if their employer doesn’t act on their feedback
- The odds of employees quitting rise 16% if they feel uneasy about providing feedback to their supervisors.
- Employees who rate their manager’s performance as poor are 4X more likely to quit
- Employees are 20% more likely to stay if they are advancing in their careers or believe they have career growth opportunities.
- Millennials are more loyal than many employers realize, as most intend to work for their organization for at least a decade.
Employee loyalty is critical for productivity and long-term success as a business. It typically costs around one-third of an employee’s salary to replace them, and it’s impossible to regain the time and productivity lost during their vacancy. Securing employee loyalty is a complex process, but employers can implement several simple changes to work toward that goal. Encouraging feedback, acting on it quickly and meaningfully, and recognizing their work often are good places to start.
However, it’s not always clear to company leadership why their turnover rate is so high. Tracking attendance data can help provide insights, such as identifying once-punctual employees that are now habitually late or a rising absenteeism trend within a specific team or department. A scheduling conflict or an under-performing manager may be the root of the problem. Collecting this data is crucial to untangling the salient details and implementing effective changes. Contact Actec to learn how our absence tracking mobile app can help your efforts to improve employee loyalty and absence reporting.

Replacing an employee is a costly venture, as businesses can spend up to two times that employee’s salary to fill their vacancy. It takes time, recruiting efforts, and training to find and bring the new hire up to speed. Lost productivity and work errors also contribute to the high cost.
Employers have several expectations of their employees, but they aren’t always as clear as they could be. For example, employers expect their employees to show up to work on time, but does this mean they need to be in the building, clocked in, or actively working by a designated time? Developing a clear attendance policy isn’t as straight forward of a process as employers may believe, which can create confusion and anxiety for employees.
The term quiet quitting dates back to 2009, but it didn’t take off as an actionable concept until 2022. Quiet quitting culture has become ubiquitous in the workplace, as Gallup reports at least half of the U.S. workforce are quiet quitters. The term is a misnomer, however, as these employees have no intention of leaving their job. Instead, quiet quitting means performing the job as written and maintaining that firm boundary. As a result, employees are doing what their job description stipulates—no more, no less, and certainly no overtime.
Effective communication is critical to ensuring a good working environment. Workplace recognition is particularly effective when it comes to employee engagement, productivity, and wellbeing. While many companies may believe they show enough acknowledgment for their staff, a recent engagement and retention report indicated over 80% of employees wish their employer recognized their work more often.
Retaining employees is often a top priority for HR managers. Companies spend a considerable amount of money on recruiting the best talent to fill their vacancies, but it comes with a hefty price tag. Refilling positions is even more expensive, as it can cost up to one-third of the employee’s salary to replace them. Businesses can influence employee retention rates by understanding the following factors:
Working from home became an unavoidable reality during the pandemic. Many businesses have cautiously resumed in-person operations, but numerous continue to offer the option to work from home for part of the workweek. Some companies are 100% remote by choice, either due to a distributed workforce or the nature of their services.
Employees coveted work-from-home benefits well before the pandemic made it a common practice. Now that COVID restrictions are easing, many workplaces are shifting back to working in the office. However, modern companies understand how much employees value working from home and are implementing a hybrid workweek. With employees working remotely for part of each workweek, they need a home office that is comfortable and promotes creativity and productivity.
Unauthorized absences are a multifaceted problem for employers. Employee absences are expensive, as salaried employees continue to draw a paycheck even if they don’t work. The company may have to pay other employees overtime if they must work longer to cover the work the absent employee didn’t complete. Productivity diminishes along with workplace morale as they shoulder the burden of an additional workload. Work quality is also likely to suffer as team members attempt to shift between multiple projects.