PeopleKeep

OCTOBER 17, 2021

When it comes to employee retention , business owners and HR departments need to track specific metrics to make sure the organization isn’t losing employees to other opportunities at too high a rate. Download our full employee retention guide to read later. Short on time?

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Employee Retention Salary Human Resources IT 98

Health Consultants Group

SEPTEMBER 1, 2021

6 Post-Pandemic Employee Retention Strategies. The pandemic gave many employees a break from the workplace. As employers gradually get back to business as usual, many employees are searching for a new normal. You’ll need to reassess your employee retention strategies to keep them on board. .

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Employee Retention Work From Home Take Home Pay Consulting 94

HR Lineup

MAY 10, 2024

In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts. Organizations that prioritize DEI initiatives demonstrate their commitment to creating an environment conducive to employee retention and engagement.

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Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. This article unpacks the fringe benefits definition, explores their types and examples, and offers a clear overviewincluding tax implications and practical guidance for employers navigating the IRS fringe benefits guide. What are fringe benefits?

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Achievers

JANUARY 26, 2021

Here are five helpful questions to ask yourself in order to avoid (or at least minimize) the number of times you’ll face employee turnover. . Do your employees feel engaged? . 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.

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HR Lineup

JUNE 7, 2022

You can boost your organization’s productivity and employer brand by finding out what makes your employees happy. For this reason, we prepared this article to take you through the meaning of intrinsic and extrinsic motivation. An excellent example of an extrinsic motivator is increasing the employees’ salaries.

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Salary Bonuses Employee Retention Employment 243

Vantage Circle

MARCH 26, 2025

I've spent years studying what truly keeps employees engaged , and the answer often surprises companies. While competitive salaries matter, they're rarely the whole story. According to a study by EdAssist , 84% of employees cited tuition assistance as an essential factor in joining their companies.

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Bonuses Employee Retention Human Resources Workplace Flexibility 80

Vantage Circle

JUNE 9, 2023

To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game. What is Salary Benchmarking? What is Salary Benchmarking? Salary benchmarking involves matching or exceeding the ‘benchmark’ salary levels across your industry.

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Achievers

OCTOBER 25, 2016

Most of your company’s expenses are unavoidable, but employee attrition is one of the costs that you can have significant control over. Employee attrition can cost six to nine months’ worth of the departing worker’s salary, so it’s in your best interests to find ways to address employee attrition head-on.

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Employee Recognition Employee Retention Hospitality Banking 211

Achievers

JANUARY 12, 2021

The highest turnover rates are for hourly employees: 65% of them will leave their jobs for greener pastures, and it costs a full 16% of their annual salary to replace them. . When you add it all up, retail employee turnover is incredibly expensive. . 5 strategies for retaining retail employees .

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Retail Employee Retention Employee Recognition Food 179

HR Lineup

APRIL 17, 2023

To address this issue, many countries have laws in place that require employers to provide their employees with jury duty leave. In this article, we will discuss everything you need to know about jury duty leave. Jury duty leave is a period of time granted to employees who have been summoned to serve on a jury.

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Employment Employee Retention Salary Taxes 244

Achievers

JANUARY 23, 2018

Here are the main reasons workers cite for leaving their positions, and how you can slow this expensive leakage and build your employee retention: They Don’t Get Along with Their Boss. This reason is the elephant in the room, and we can’t discuss employee retention without starting here. Share your comments below. .

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Human Resources Employee Retention Health Salary 168

HR Lineup

JUNE 14, 2024

The employee life cycle (ELC) is a conceptual model that outlines the stages employees go through during their tenure with an organization. This article delves into the meaning, stages, strategies, and real-world examples of the employee life cycle, offering comprehensive insights for HR professionals and business leaders.

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Utilities Recruitment Retirement Plan Media 246

Best Money Moves

APRIL 9, 2025

Advantages of investing in fintech employee benefits: Reduced attrition rates According to a Bank of America study , over 80% of employers say that offering financial wellness benefits helps improve employee retention rates. Top talent wants more than a high-paying salary.

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Achievers

JANUARY 7, 2020

Companies spend thousands of hours crunching numbers, running reports, assessing cost of living, and determining what salaries are required to win the necessary talent they need for the future. Does compensation align your employees to your company’s mission and values? Do you have any thoughts on this article?

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IT PTO Salary Employee Recognition 190

Achievers

MARCH 20, 2018

Here are three additional HR strategies your organization may be overlooking: Create a Retention Strategy. Did you know that the costs of employee turnover can range from 30 percent to 150 percent of the employee’s salary? Many employees leave their jobs when they are disengaged. How strong are your HR strategies?

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HR Digest

APRIL 20, 2023

Employee retention strategies are vital to the success of any organization. High employee turnover can be highly disruptive to any business. In this article, we’ll explore some innovative and effective employee retention techniques. Employees value the ability to work from home or have flexible work hours.

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Achievers

MAY 10, 2018

Offering educational opportunities has a wide variety of benefits for both employees and companies, and gives a competitive advantage from a recruiting standpoint. The right educational offering just might be the deciding factor for candidates who are being sourced for similar jobs with matching salary packages. Buy now here.

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HR Digest

APRIL 11, 2023

In today’s competitive job market, attracting top talent is a challenge, but retaining those employees can be even more difficult. To succeed in retaining employees, organizations must implement effective strategies that address the unique needs and desires of their employees. Why are employee retention strategies important?

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Vantage Circle

FEBRUARY 15, 2020

The cost of Employee Turnover goes farther than it appears. Employee retention, therefore, is the top priority of HR managers everywhere. The simplest way to manage turnover is to develop a plan to make employees stay. They also seek a good salary, challenging role, mentorship and alignment with the place of work.

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Employee Retention Human Resources Salary Food 59

Vantage Circle

JANUARY 31, 2024

Mastering the art of employee retention has become more crucial than ever. At the heart of this challenge lies the effective use of employee retention surveys. This article sheds light on how these surveys can be a game-changer for organizations seeking to understand and enhance their employee experience.

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Employee Retention Employee Loyalty Salary Bonuses 59

Hppy

DECEMBER 17, 2020

In this article we explore different ways to help build a successful employee retention strategy. Why care about employee retention? Focusing on how to increase employee retention will allow your business to keep high calibre and motivated employees. Offer competitive salaries.

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Employee Retention Bonuses Employee Loyalty Pension 57

Achievers

JANUARY 24, 2017

Read more > 4 Signs An Employee Is About to Quit. Employee retention is vital to maintaining company morale and reducing high turnover costs. It’s been estimated that employee attrition can cost six to nine months’ worth of a departing worker’s salary. to our readers. Cheers to 2017! About Kellie Wong.

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Employee Recognition Employee Retention Media Recruitment 135

Qandle

JUNE 25, 2024

Continuously benchmark against market standards to ensure that your salary and benefits packages remain competitive. Example: XYZ Company conducts annual salary benchmarking to ensure its compensation packages are aligned with industry standards. This approach has improved employee satisfaction and retention.

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Employee Retention Software Benefits Package Salary 105

Vantage Circle

JANUARY 28, 2019

Employee retention refers to the ability of an organization to retain its employees. Employees are the lifeline of any organization. When these skilled employees walk out of the door, it becomes difficult to find good replacements. Even with good compensation and benefits, employees quit. Allegis Group ).

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Employee Retention Human Resources Employee Recognition Salary 45

Empuls

JANUARY 29, 2024

This article will highlight the importance of and discuss some employee retention trends to watch out for in 2024. What is employee retention and why does it matter? Employee retention encompasses the overall efforts of an organization to keep its staff members from leaving.

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Business Management Daily

SEPTEMBER 3, 2024

While the practice provides undeniable benefits for employers, employee reception to quiet hiring has been mixed. In this article, I’ll break down the basics of quiet hiring, its benefits, and if it’s worth implementing at your organization – so stick around. salaries, benefits, etc.). salaries, benefits, etc.).

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Human Resources Salary Pay Raise Engineering 52

Achievers

MAY 23, 2017

The cost of employee turnover is outrageously high. When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement. This concept emphasizes leading by example and focusing on both corporate and individual benefit.

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Pay Raise Employee Retention Salary Banking 117

HR Digest

FEBRUARY 28, 2023

In this article, we will explore the definition and importance of workforce planning , the benefits of building a talent pipeline, and strategies for a successful workforce plan. Increased costs: The cost of hiring and training new employees can be high, and organizations may end up paying higher salaries or wages to attract the right talent.

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Human Resources Employee Retention Salary IT 98

15Five

JANUARY 29, 2024

However, without measuring employee engagement rates, you won’t understand the effectiveness of your HR strategies in improving retention and decreasing turnover. What is employee retention rate? Employee retention rate indicates how well a company is doing at retaining employees.

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Employee Retention IT Employee Recognition Hospitality 98

Employee Benefits

JULY 10, 2023

In this article, we’ll discuss the significance of perks in employee retention, and suggest some of the top perks your company should think about providing. Understanding Employee Retention The pandemic triggered several changes, reshaping employees’ perspective towards their workplaces.

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UpstartHR

SEPTEMBER 19, 2016

According to an article on ERE , the impact of turnover depends on the career level of the employee. For entry-level employees, it costs between 30-50 percent of their annual salary to replace them. For mid-level employees, it costs upwards of 150 percent of their annual salary to replace them.

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Salary Employee Retention Government Engineering 92

15Five

JUNE 22, 2021

In fact, Salary.com’s 2020 Pay Practices and Compensation Survey revealed that more than 74% of respondents said that the managers at their organizations are not formally trained to talk with employees about how their compensation is determined. Compensation planning software puts the data directly into the hands of your employees.

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Management Salary Bonuses Employee Retention 105

Vantage Circle

JULY 25, 2024

On the other hand, peer-to-peer recognition involves employees acknowledging and appreciating each other's contributions and achievements within the workplace. For instance, a manager earning $40,000 annually translates to approximately $20,000 to $30,000 in total recruitment and training costs per employee.

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Construction Employee Recognition Employee Retention Recruitment 97

Best Money Moves

JANUARY 25, 2023

A recent, in-depth survey conducted by Prudential Financial found that many employees in the younger generations are seeking additional financial assistance in order to bring stability to their lives. Here are 4 surprising financial facts about Millennial and Gen Z employees.

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Banking Employee Retention Employment Salary 114

Employee Benefits

JULY 11, 2023

Employee retention poses a complex challenge that goes beyond merely offering a competitive salary. The prominence of employee perks is on the rise, and as such, workers’ expectations are also climbing. The remaining amount is covered by employees from their post-tax salary.

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Bayzat

APRIL 5, 2024

In this article, we will explore the current talent landscape in the UAE, and examine the factors behind the lack of talent availability. Employee attraction refers to the processes and practices that a company implements to draw in potential employees to apply for job openings.

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