Insperity

OCTOBER 17, 2023

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? There are lots of tips out there for guiding managers in retaining their direct reports. But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around?

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Employee Benefits

FEBRUARY 26, 2024

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Are you at high risk of high employee turnover? Creating an enviable company culture Values matter.

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Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Employee recognition.

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HR Digest

DECEMBER 2, 2023

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

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HR Digest

MARCH 12, 2025

A 2023 survey by the Society for Human Resource Management found that 68% of employees would choose a job with better benefits over a higher salary, underscoring their growing clout. The Tax Angle: Taxable Fringe Benefits and IRS Guidance Not all employee perks are tax-free. For employers, the upside is clear.

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HR Lineup

JANUARY 17, 2024

This article delves into the nuanced differences between employee turnover and attrition, shedding light on their impact, causes, and strategies for effective management. Defining Employee Turnover and Attrition: 1. Understanding attrition helps organizations adopt a comprehensive approach to managing workforce dynamics.

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HR Lineup

AUGUST 7, 2023

Factors such as good relationships with colleagues, a fair and transparent organizational culture, and opportunities for growth and development can all influence an employee’s level of satisfaction. Compensation and Benefits: Fair and competitive pay, along with attractive benefits packages, can enhance job satisfaction.

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HR Digest

APRIL 9, 2023

The most common reasons include: Lack of job satisfaction: Employees who are unhappy with their job or feel unchallenged and unfulfilled are more likely to leave an organization. Poor management: Employees who feel that they are not supported, heard, or valued by their managers are more likely to leave an organization.

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HR Lineup

JUNE 14, 2024

Meaning of Employee Life Cycle The employee life cycle represents the various phases an employee experiences from the moment they become aware of a company until they leave. It provides a structured framework for managing and optimizing the employee experience at each stage.

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Utilities Recruitment Retirement Plan Media 246

Business Management Daily

AUGUST 12, 2024

As an employer or human resources manager, consider what candidates and employees bring to your business. Demonstrating your value to employees and candidates is often just as important as evaluating their value to your business. Their work ethic, experience, education, training, and skills add value to your business.

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HR Lineup

JULY 19, 2022

Other candidates want to work with you when you have comprehensive inclusion policies for LGBTQ+ employees. It reduces turnover rates and promotes high employee retention. Employees should have the space and support they need to come out as LGBT. Offer LGBTQ+ Benefits. Gender labels such as gay, bi-sexual etc.,

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Benefits Package Employee Retention Media Education 246

PeopleKeep

JANUARY 26, 2022

According to the Society for Human Resource Management, throughout 2021, an average of 3.9 Companies looking to stabilize their business are looking for ways to increase their employee retention. One method is to introduce new additions to your benefits packages in response to the tight labor market.

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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. The current competitive marketplace has made it a necessity for organizations to discover steps in managing attrition rates. We’ll also delve into the importance of each strategy.

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Achievers

DECEMBER 22, 2016

Studies on turnover estimate that when an employee leaves a company, it can cost the organization between 30 to 250 percent of that person’s annual salary due to factors like loss of productivity and other associated replacement costs.

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Higginbotham

APRIL 8, 2025

In the struggle to balance fiscal responsibility and competitive benefit packages, its often the employee benefit programs and services that lose ground. Ultimately, public sector entities must consider how to provide comprehensive and sustainable employee benefits programs via innovative solutions.

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Business Management Daily

FEBRUARY 7, 2020

The bad news is that as unemployment rates fall, employee retention rates see the opposite trend. As a company leader, you’ve likely experienced difficulties with keeping your average retention rate as low as you’d like. Employee compensation and benefits. Let’s start with the most obvious option. Offer perks.

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HR Digest

MARCH 6, 2024

We moved far too quickly from the “Great Resignation” to the era of mass layoffs and it seems that employee retention strategies were lost in the transition somewhere in between. This is why we need to return to devising creative ways to retain employees to ensure organizations stay whole. What Is Employee Retention?

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Achievers

FEBRUARY 9, 2017

Culture has become one of the most important things a company can focus on, and providing employees with autonomy, flexibility, and the chance to make an impact, are the new differentiators for attracting talent. Benefits packages are still important, but in 2017, they will become secondary to positive employee culture.

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Software Employee Recognition Benefits Package Work From Home 217

Abel HR

JANUARY 7, 2021

In this article, we’ll discuss what is employee retention and why it’s important to any venture, big or small. We’ll also tackle a few ways to retain employees in your organization better. What Is Employee Retention? Before anything else, let’s clarify this – what is employee retention?

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Empuls

MAY 8, 2023

And this same change cuts through how employers manage their employees, what benefits to offer, and more dynamic strategies to use when recruiting more hands from the talent pool. However, they might not really be what your employees want. And all of these can be avoided by personalizing your employee benefits package.

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Benefits Package Employee Benefits 401(k) Retirement Plan 52

Higginbotham

JANUARY 8, 2025

Employers can offer direct financial resources to employees to help manage the costs of caring for an elderly parent or other family members. Emotional Wellness: Taking care of elderly relatives may be emotionally taxing for employees. But, fostering a supportive culture for caregivers extends beyond providing benefits.

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Vantage Circle

JANUARY 10, 2024

Getting granular by department, tenure, salary band, and management relationship offers actionable insights. Key Takeaways What are Employee Retention Metrics? Importance of Retention Metrics. Why Employee Retention Metrics Matter? Here's why they matter: Cost Savings High employee turnover is costly.

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Qandle

JUNE 25, 2024

This blog sheds light on the significance of talent retention, furnishing insights into effective strategies, best practices, and real-life case studies to fortify your retention initiatives. Looking for the Best Talent Management Systems ? Check out the Best Talent Management Systems.

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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. Have a generous benefits package.

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Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. adults, job seekers indeed value benefits while considering opportunities. adults, job seekers indeed value benefits while considering opportunities. Types of benefits  1.

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Best Money Moves

SEPTEMBER 15, 2021

The Society for Human Resource Management (SHRM) estimates that the average replacement cost of a salaried employee is six to nine months’ salary. That means that an employee earning $60,000 per year costs around $30,000 to $45,000 to replace. . So, how can you increase employee retention?

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Business Management Daily

DECEMBER 21, 2021

A stay interview is typically conducted by the employee’s direct manager and acts as an opportunity to collect feedback on matters that would impact employee retention. Stay interviews can be used to learn about the employee experience across all job roles. Who should receive stay interviews?

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Take It Personel-ly

APRIL 24, 2017

They want things out of their benefits package that previous generations didn’t demand. And if you want to be able to attract and retain millennials, you’ll have to design a plan that fits … Continue reading 9 Tips for Designing a Benefits Plan for Millennials.

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Empuls

DECEMBER 24, 2024

Employers manage these benefits to meet the needs of their workforce. Why staff benefits matter A well-designed benefits program offers advantages that go beyond meeting employee expectations. This includes customizable benefits packages that allow employees to choose what works best for them.

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Best Money Moves

NOVEMBER 3, 2021

Additionally, 75% of American employees say they have struggled with anxiety caused by COVID-19 and other world events while working from home. Here are 4 of the top employee benefits trends to keep in mind for 2022. Employers are trying to combat this in 2022 by shifting to personalized benefits.

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PeopleStrategy

APRIL 8, 2024

Enter stay interviews, offboarding discussions, and creative low-cost benefits – a trifecta of retention tools that can make a significant impact on employee satisfaction and retention rates. However, there are numerous no- or low-cost benefits that can make a meaningful difference in employee satisfaction and retention.

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Empuls

AUGUST 27, 2024

Talent acquisition and retention have become difficult and organizations are under increasing pressure to find innovative ways to keep their workforce engaged and motivated. This statistic is not just a number; it reflects the growing demand for meaningful acknowledgment of employees' contributions. 

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Bonuses Parental Leave Commissions Benefits Package 40

Insperity

JANUARY 11, 2022

As this happens, there will be increasingly less expectation that employees stay with companies long term. To confirm that your company offers a competitive compensation and benefits package, continuously review your compensation strategy. Employees want to feel that their manager is accessible and is listening to them.

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Best Money Moves

OCTOBER 19, 2021

Anthony Klotz, an associate professor of management at Texas A&M University, coined the term “the great resignation” to describe this unprecedented period. Here are 4 key factors driving this great resignation — and what you can do to keep your employee retention high. Widespread and long-lasting employee burnout.

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Empuls

APRIL 25, 2024

Employee retention is crucial in this competitive market. Did you know how PepsiCo energizes and retains its employees?   Employee retention refers to an organization's ability to keep its valuable employees. When employees leave, it's costly.

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HR Digest

AUGUST 26, 2020

allow employees to take their dogs to work, according to the Society of Human Resource Management – up from 4 percent in 2014. There’s also evidence that dog-friendly workplaces are better able to retain valued employees, as bringing dogs to the office may be seen by employees as part of the benefits package offered by their employer.

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Hospitality Benefits Package Human Resources Employee Retention 98

Empuls

AUGUST 27, 2024

These statistics underscore the effectiveness of employee discount programs in attracting and retaining top talent.    Employee discounts have gained popularity in modern workplaces due to their mutual benefits.    Take Empuls for example.

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