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?

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

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?

Employee Retention 52

Employee Retention Pay Raise Benefits Package Education 52

Empuls

AUGUST 27, 2024

   Additionally, a Glassdoor survey revealed that 79% of employees would choose new or additional benefits over a pay raise. These statistics underscore the effectiveness of employee discount programs in attracting and retaining top talent. 

Entertainment 40

Entertainment Electronics Retail Benefits Package 40

Higginbotham

AUGUST 12, 2022

However, there are solutions that can help you attract quality workers and support your employee retention goals. As employers look for strategies to get their turnover under control, it’s important to understand the link between benefits and retention. What are the benefits of employee retention?

Benefits Package 52

Benefits Package Voluntary Benefits Employee Retention Pay Raise 52

Empuls

OCTOBER 9, 2023

This entails conducting regular performance reviews wherein employees receive constructive feedback and acknowledgment for their achievements. Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars.

Healthcare 52

Healthcare Employee Retention Family and Medical Leave Act Hospitality 52

Vantage Circle

AUGUST 23, 2018

While there are many factors which may cause this, one of the main reasons is repetitive and tedious benefits. 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. Increases Retention.

Employee Benefits 63

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Vantage Circle

JULY 5, 2019

Consider the 401K plan, which is also a financial benefit existing way before than other benefits that organizations opt for. In the wake of the Great Depression, employers started to add benefits package not only to retain and attract best talents but also in order to support their employee's personal needs and goals.

401(k) 90

401(k) Retirement Plan Finance Education 90