Why Employee Retention Matters

Imagine a successful rock band. Their hits are topping the charts. They’re doing sold-out world tours. But then, something changes. The guitarist leaves to join another band. The drummer goes on an indefinite hiatus. The lead singer quits and moves to the mountains to start a tomato garden. The band’s manager scrambles to fill the spots as they open, but the constant turnover of members leaves fans feeling detached. The band cancels gigs. They stop writing new music. And the manager really wishes he took more action to hold onto the original talent that made the band such a success in the first place. 

This demonstrates the importance of employee retention. Maybe you don’t manage a rock band. But if you have a team in any capacity, you want to make sure to keep your talent. Here’s why that’s crucial for an organization in today’s career landscape. 

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How to Create an Employee Retention Policy

When you think of a successful organization, what does it need in order to operate? Is it a fancy break room, top-of-the-line technology, or napping pods for a mid-day snooze? Is it a fancy espresso machine in the kitchen, bring-your-pet-to-work days, or comfortable desk chairs? While all of these are fine and dandy, what a company truly needs to be successful is something much simpler: employees!

Finding and hiring quality talent can be challenging, so once you have it, you want to hold onto it. This is called employee retention, and developing a policy to maintain it is critical for your organization. 

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Standing with Ukraine and Voices of Children

The war in Ukraine has now lasted over 150 days. On February 24, 2022, Russian forces invaded Ukraine, escalating a conflict between the two nations that has been brewing since 2014. This 2022 conflict has created the largest refugee crisis since World War II, as nearly 10 million Ukrainians have been displaced. 

Among the ⅓ of displaced Ukrainians, children are facing devastation as over 6 million have emigrated and more than 200,000 were forcibly deported to Russia. Current reports are showing 358 child deaths and 686 child injuries as forces clash in Ukraine. Even those children who were safely relocated are now facing psychological and developmental challenges due to the trauma of displacement. 

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Voices of Children

One of the most impressive organizations stepping up to help Ukrainians is the Voices of Children Foundation. This foundation is dedicated to supporting all children and their families who have been affected by this conflict. Whether children have been safely evacuated, violently displaced, or are sheltering hopefully in their homes, the trauma of war affects everyone and families need support to heal the unjust wounds.

We are for a future where children are not victims of war, but free and happy citizens.

Voices of Children provides support in a variety of ways: 

  • Art therapy
  • Play therapy
  • Mobile psychologists
  • Offline and online therapy options
  • Group and individual therapy sessions
  • Video stories

Teaming up with Kudoboard

Like the rest of the world, the Kudoboard team was shocked and heartbroken at the stories coming out of Ukraine. When we had the opportunity to work with Voices of Children this spring, we were in awe of their efforts. We provided them with an enterprise account, free of charge, so they can continue sharing the stories and artwork of these brave Ukrainian children as well as a modest donation from our entire team. 

Learn more about Voices of Children and donate to the cause

Join Kudoboard in donating to Voices of Children, so they can keep providing vital support to the most vulnerable among us. We are committed to Voices of Children and the protection of innocents everywhere, and we’re grateful to be included in this noble effort. 

Employee Retention Goals

Nearly 4 million Americans changed jobs in 2021. How many of them were your employees? Employee retention is a more pressing issue than ever with the Great Resignation, rising inflation, and the cost-of-living increasing nearly everywhere. Employees are curious about other jobs and always looking for something that might be a better fit. 

Unfortunately, high levels of employee retention will cost companies millions of dollars this year. Replacing your existing employees will drain time and money. Today we’re breaking down what you need to know about employee retention and some employee retention goals you can set to chart a stronger course. 

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What is Employee Retention? 

Employee retention is your organization’s ability to keep workers gainfully employed at your company for an extended period of time. Employee retention is about how many of your employees stay—and for how long. Employee turnover is a related metric, measuring how often you are hiring new employees. 

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Employee Retention 101

Welcome to 2022, where businesses are managing The Great Resignation, soaring inflation, hybrid work shuffling, and a looming recession. The last thing your business needs is a mass exodus of your trained and talented employees. How can you prevent employee turnover—and why is it such a big deal? We’ve got everything you need to know about employee retention in the current climate. 

Kudoboard is perfect for team appreciation ❤️

A Kudoboard business plan makes birthdays, shout-outs, and retirements SO much easier. Check out our business plans.

What is Employee Retention? 

Employee retention is a metric and strategy concerned with the employees who are staying or leaving your organization. According to Oracle, “employee retention is defined as an organization’s ability to prevent employee turnover, or the number of people who leave their job in a certain period, either voluntarily or involuntarily.”

Employee turnover is the number of employees who leave your organization. When we talk about employee retention and turnover, we’re usually referring to employees leaving for better jobs but it also includes employees who are let go due to underperforming or other issues. 

According to labor statistics, over 42 million Americans left their jobs in 2019, and the trend has increased over the pandemic and Great Resignation. 

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Graduations and Alumni Reunions with Kudoboard

Late spring and early summer are filled to the brim with collegiate celebrations. It's a joyous time to honor the dedicated students and faculty who worked so hard during the previous year.

At Kudoboard, we love to see universities finding creative uses of our online group cards and special event boards. Here are three particularly impressive universities using Kudoboard to unite their faculty, alumni, and communities.

Planning an organization event? ❤️

Kudoboard is the perfect tool to collect messages, photos, videos, and more. Learn more about our company event offerings here.

Graduation Celebration

Athabasca University created a board to celebrate their graduates this year. On the graduation board, students, faculty, and proud family can post messages of congratulations and gratitude, share photos and videos, and learn more about the Athabasca convocation.

Congratulations to our amazing grads of 2022! We're so proud of all that you have accomplished, and look forward to your future successes!

Peter Scott President, Athabasca University

We are so impressed with this board and the brilliant 2022 graduates! Check out the online graduation board here.

Alumni Reunions

Returning to your alma mater can be a sweet and rewarding experience, and the alumni of Sarah Lawrence certainly found that to be the case this spring. As alumni flocked to campus, plenty were able to share their photos and memories on-campus and virtually for those who couldn't travel.

A marvelous reunion, felt amazing to connect once again.

Leda Polinger Canino, Class of 1952

A custom event board allowed Sarah Lawrence to created a branded online board that coincided with their weeklong reunion so that alumi could easily share photos, videos, memories, and more. See the reunion board here.

A Dean's Retirement

When Dean Blackburn retired this year, leagues of students and colleagues came together to send him off with well-wishes and gratitude for all he's accomplished. Check out the online retirement card here.

Since you joined the GSBS Faculty in 1998, I’ve respected your work ethic, your quiet brilliance, and your kindness. Who knew, back then, that you’d one day be our dean?!? This is truly the end of a very special era. Stay well, have fun, enjoy life and please keep in touch … THANK YOU doesn’t really cover it

Cheryl

How to Write a Shout Out

Everyone wants to know they’re appreciated. Everyone wants to hear that they’re doing a great job. And everyone wants to be remembered. The art of expressing gratitude is critical for a healthy workplace—and relationships in general. Today we’re covering how to write a really great shout out that will make your colleagues feel like a million bucks. 

Kudoboard is perfect for team appreciation ❤️

A Kudoboard business plan makes birthdays, shout-outs, and retirements SO much easier. Check out our business plans.

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The Future of Hybrid Work: Everything You Need To Know

 In a current Gallup poll, 90% of remote-capable employees prefer some degree of hybrid work flexibility going forward, and 60% specifically prefer hybrid work. It’s here, and it’s the future. Businesses everywhere will need to address the question of how to manage the new hybrid workplace.

We’re hearing constant news of corporations adjusting their return-to-office (RTO) plans and remote work policies, with some extreme responses from employees. Tesla announced in-office work will be mandatory, Facebook and Twitter announced permanent remote work policies, and others like Uber are trying to find a happy medium. Employees are voting with their feet, as they leave or voice their intent to leave workplaces that don’t offer flexible working arrangements. 

According to the Gallup Future of Hybrid Work survey, failing to offer flexible work arrangements is a significant risk to an organization's hiring, employee engagement, performance, well-being and retention strategies.

We’re taking a deep dive into hybrid work: what it is, what it looks like now, what employees are saying about it, pros, cons, and how to make hybrid arrangements work for YOU. 

In this article:

What is Hybrid Working?

Hybrid Work Statistics

Why Companies Choose Hybrid Work

Challenges of Hybrid Work

Ways to Take Advantage of Hybrid Work

Choosing a Hybrid Work Schedule

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Remind Yourself to Create Group Ecards

You never have to forget a major event ever again. For real.

We've all been there. That realization that it's your mom's birthday or Bosses Day or your coworker's work anniversary—and you've totally forgotten. Sure, an online group card can be a rapid solution, but we take it even one step farther because we'll help you make sure you never forget that day ever again.

Set Reminders with Kudoboard

Kudoboard now allows you to set up a calendar of reminders within your Kudoboard profile. Plug in the date of a special occasion and we'll email you a "Create Your Kudoboard" link 7 days in advance. You'll impress everyone with your thoughtfulness and be totally on top of every special occasion in your life.

Simply log in to your Kudoboard account, click the calendar icon, and add in any special dates you need to remember (birthdays, work anniversaries, holidays, etc.). It will take you 3 minutes and save you HOURS of headache in the next year.

Get started with your reminders here.

Thanks, and keep delivering happiness,
The Kudoboard Team

7 Tips for Creating Great Group Cards

For some people, the elimination of the birthday party was a welcome respite. Introverts around the world were secretly relieved to avoid the forced small talk and singing around a person blowing on a slab of cake you’re all going to share. 

Thanks to the pandemic and many businesses shifting to more remote-friendly schedules now that restrictions are relaxing—you might never have to attend an office birthday party ever again. In related good news, we’ve learned how to make a birthday celebration more meaningful, even if you’re not in the same place. 

No more passing around a cheesy dollar store card to scribble a quick and partially sincere message and signature. Modern eCards are the way to celebrate birthdays, and we’ll show you how to do group cards right. 

Kudoboard is perfect for team appreciation ❤️

A Kudoboard business plan makes birthdays, shout-outs, and retirements SO much easier. Check out our business plans.

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