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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Really, if your business is doing well and 2019 was a successful year, there’s no good reason to be stingy with the benefits in 2020. And in many cases, it’s benefits offerings that seal the deal. Share your comments below.

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5 Reasons Your Employee Turnover Is on the Rise

Achievers

When Gallup investigated the factors that make someone decide to quit their job, they found that salary is important — but only up to a point. A report from the Center for American Progress found that employee turnover can cost organizations up to 213 percent of the lost employee’s salary. . Share your comments below.

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Job Benefits Attract Candidates, Advertising Them Will Work in Your Favor

HR Digest

rose to 59 percent in May 2024, as compared to 40 percent in January 2020. If you’re satisfied with the quality of candidates you’ve found over the last few hiring cycles, then you may be doing something right with other areas of our business, like paying a competitive salary or designing a workplace culture where people want to work.

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What impact has the pandemic and economic crisis had on pay gaps?

Employee Benefits

The UK government suspended pay gap reporting in 2019/20 due to the pandemic and delayed enforcement for 2020/21, giving organisations an additional six months to publish their data. In its 2019 Ethnicity pay gaps report, published in October 2020, the ONS reported that white employees’ median hourly pay was £12.40 in 2021, and 7.4%

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Ovo Energy aligns green benefits to company purpose

Employee Benefits

Ovo Energy When Ovo Energy took over SSE Energy Services in 2020, it needed to harmonise benefits across the two organsiations. Employees would receive a flex pay arrangement , worth an additional 9% of salary. This would incorporate an employer pension contribution of 4%, and an extra 5% which could be used to purchase other benefits.

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Reskilling: Prepare your workforce for the future of work

Business Management Daily

According to the World Economic Forum (WEF), the world has desperately needed a reskilling revolution since 2020, and the problem has only been exacerbated in the years since the pandemic. Companies can expect to pay anywhere from $4,000 to $20,000 to onboard a single employee , not including salaries and benefits. Why is that?

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Adrian Cooper: Where next for financial wellness?

Employee Benefits

There are a number of reasons for this: their salary is often higher than earlier in their career, mortgage payments are probably less onerous and children may be grown up and no longer financially dependent. But there is another lifestage that presents different financial challenges.

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