HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. 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.

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

SnackNation

MAY 13, 2016

16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. But what perks really matter to employees?

Pay Raise 73

Pay Raise 401(k) Food Health Insurance 73

Vantage Circle

NOVEMBER 30, 2022

The survey also found that 80% of employees would choose additional benefits over a pay raise. Not just salary. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. When looking for a new job, any self-respecting employee would look at the complete benefits package.

Profit Sharing Plan 105

Profit Sharing Plan PTO Bonuses Paid Leave 105

Vantage Circle

AUGUST 23, 2018

These are benefits given over and above salaries and wages. Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance.

Employee Benefits 63

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Higginbotham

OCTOBER 14, 2022

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. Workers need to be compensated. Turnover can hurt productivity and company morale.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Genesis HR Solutions

JUNE 17, 2021

401(k) enrollment. If you’re a company of 40 employees and you want to hire a mid-range HR professional, you’re looking at an approximate $85,000 annual salary plus additional expenses, including a fee for a payroll service (approximately $5,000 annually). you’re paying more to your PEO. Background checks. In-house Hire.

401(k) 52

401(k) Payroll Payroll Service Taxes 52

Empuls

OCTOBER 4, 2021

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. Variable pay. Supplementary pay. Only hard work pays off! Overtime wage. Paid leaves.

Bonuses 52

Bonuses Paid Leave Salary Benefits Package 52