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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality. Review popular employee retention strategies and why they work to retain key employees.

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How much does a PEO cost?

Genesis HR Solutions

Schedule a free, no-obligation consultation now. 401(k) enrollment. Cost of consultants, attorneys, specialists to handle issues they may not be familiar with. We want our clients to know exactly what they’re paying and the value they get from their payment. you’re paying more to your PEO. Background checks.

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What are Total Rewards: Here’s A Holistic View

Empuls

Variable pay. Supplementary pay. Variable pay - Also called ‘pay at risk,’ this part of the salary package has to be ‘earned’ by meeting or exceeding certain defined criteria. Only hard work pays off! This table breaks it down for easier understanding: Compensation. Overtime wage.

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How to Design an Employee Benefits Program Effectively

Empuls

The survey also found that 80% of employees would choose additional benefits over a pay raise. Retirement benefits Retirement benefits include pensions, 401(k)s, and other retirement savings plans. Consult with legal and HR professionals to ensure you comply with all legal requirements.