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Here are some key reasons why investing in staff benefits is important: Increased retention : A competitive benefits program can significantly reduce employee turnover, saving your organization time and resources in recruitment and training.
Projections suggest that by 2025, there will be a deficit in the US of: 446,300 home health aides 98,700 medical and lab technologists/technicians 95,000 nursing assistants 29,400 nurse practitioners A notable number of healthcare professionals have exited the sector, leading to a severe staffing shortage for patient care.
A total rewards program gives employees a complete package of benefits, rewards, and incentives. They are designed to appeal to employees and keep them at your company. To keep them with the hope that it will improve employeeretention and job performance. EmployeeRetention. EmployeeRetention Rate.
As employee priorities shift toward benefits and perks, celebrating EmployeeBenefits Day reinforces your organization’s commitment to enhancing the employee experience and fostering engagement. When is EmployeeBenefits Day? EmployeeBenefits Day is on April 2, 2025.
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