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The business value of employee experience (EX) can be measured in reduced turnover, increased retention, better quality talent acquisition, and internal mobility that preserves and expands institutional knowledge.
Yet, making the business case to modernize EX is still a struggle for some HR leaders.
Meeting today’s workforce needs is already challenging. Companies that lag in tech-enabled EX put their future at risk.
EX is the culmination of every interaction an employee has with your organization, from the moment they see your job opening to the moment they leave the company. Today, invariably that means interacting with HR technology across the employee lifecycle.
Paylocity research surfaced three themes that indicate stronger employee retention: empowerment, engagement, and enablement. Although retention is just one way to look at the efficacy of employee experience efforts, we can extrapolate these themes as key capabilities for modern EX technology (EXTech.)
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