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A great way to improve retention rates is through offering great employee benefits. Benefits, including fringe benefits and flexible benefits, provide an employee an extra reason to stay within a company. Retention rates are at a low, with 65% of employees thinking that they can find a better position elsewhere.
Are you aware of all the benefits and perks available to you as an employee? How satisfied are you with the healthcarebenefitsprovided? Do you feel that there are enough opportunities for performance-based bonuses or incentives? Are you satisfied with the retirement savings options and plans available?
It is also important to provide additional perks and benefits that go beyond monetary compensation. Consider offering flexible work arrangements, healthcarebenefits, professional development opportunities, and performance-based bonuses.
These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. This addresses a fundamental need in a country where healthcare costs can be staggering. percent and 36.1 percent, respectively. How to Offer?
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