HR Digest

MARCH 12, 2025

In 2025, salaries alone no longer define an attractive employment offer. Employers are increasingly turning to fringe benefits. What are fringe benefits? But what exactly is the meaning of fringe benefits, and why do they matter? What are Fringe Benefits? Ready to revamp your fringe benefits strategy?

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401(k) Health Insurance Taxes Retirement Plan 72

Best Money Moves

APRIL 20, 2022

5 benefits to include in your employee retention strategy. Up your employee retention strategy and keep your team where they belong with these five benefits. . These numbers suggest that the period of record employee turnover known as the “Great Resignation” is not slowing down. .

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Employee Retention PTO Healthcare Healthcare Benefits 122

Business Management Daily

AUGUST 12, 2024

Top talent with more specialized skills and training will expect more from their employers, such as higher salaries, more perks, and flexibility around remote work. If you offer excellent benefits and an incredible culture, employees will be less motivated to seek out opportunities elsewhere or seriously consider offers from competitors.

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Salary Retirement Plan Employee Stock Option Parental Leave 105

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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Employee Retention Overtime Salary Flexible Spending Account 119

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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Employee Retention Bonuses Recruitment Taxes 111

Insperity

OCTOBER 17, 2023

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

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Employee Retention 401(k) Benefits Package Construction 111

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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Employee Retention Healthcare Benefits Benefits Package Human Resources 246

HR Lineup

JANUARY 17, 2024

Compensation and Benefits: Competitive compensation and attractive benefits packages play a pivotal role in retaining employees. If employees perceive that their compensation is not commensurate with their skills and contributions, they may seek opportunities elsewhere.

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Benefits Package Recruitment Human Resources Technology 245

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. Look beyond money to drive desired behaviors.

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Employee Recognition Human Resources Benefits Package Employee Retention 168

HR Lineup

JUNE 14, 2024

Recognition and Rewards: Implement recognition programs to acknowledge and reward employees’ contributions and achievements. Compensation and Benefits: Offer competitive salaries and benefits packages, including health insurance, retirement plans, and flexible working arrangements.

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Utilities Recruitment Retirement Plan Media 246

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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Employee Retention Benefits Package Employee Recognition Retirement Plan 59

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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Employee Retention Benefits Package Retirement Plan Work From Home 59

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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Employee Retention Salary Overtime Benefits Package 59

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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Finance Employee Retention Salary Benefits Package 105

Empuls

MAY 8, 2023

In this article, we will explore what personalized benefits are all about, and how to use them right. What are personalized employee benefits? However, they might not really be what your employees want. When your employees are loyal, they tend to put in their best in executing whatever task is assigned to them.

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Benefits Package Employee Benefits 401(k) Retirement Plan 52

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

PeopleStrategy

APRIL 8, 2024

Encouraging Employees to Stay…Without Breaking the Bank While you’re working with the employees to learn what they want, don’t forget additional benefits. Sure, competitive salaries and lavish perks are attractive, not all organizations have the budget to offer extravagant benefits packages.

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Employee Retention Benefits Package Banking Construction 52

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

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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Work From Home Benefits Package Finance Healthcare Benefits 111

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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Employee Retention Food Benefits Package Recruitment 59

Empuls

DECEMBER 24, 2024

In today’s competitive job market, a well-structured staff benefits program is crucial for attracting and retaining top talent. Organizations prioritizing meaningful benefits show their commitment to employee well-being, fostering loyalty, and enhancing productivity.

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Retirement Plan Health Insurance Benefits Package Healthcare 40

Hppy

NOVEMBER 3, 2021

One of the age-old debates in the corporate world is whether companies should invest in benefits, or if they should take the cost of doing that and invest it into better salaries for the team. That said, it is important to note that offering a good benefits package can benefit not only employees but also the company as a whole.

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Employee Benefits Benefits Package Life Insurance Employee Retention 68

PeopleKeep

MAY 17, 2021

When it comes to recruiting and retaining employees, your benefits package is a top deciding factor for job prospects when they’re looking for a new employer. Research for the 2021 Robert Half Salary Guides reveals that a retirement savings plan is in the top five most common benefits offered by employers in the U.S.,

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Benefits Package Salary Recruitment Employment 85

Best Money Moves

DECEMBER 2, 2020

Less than 20 percent of employees consider themselves to be very satisfied at work these days. iHire asked employees to rank factors that led them to leave their jobs as well as what their recent employer could have done to keep them aboard. . Top 10 Reasons Why Employees Leave Their Jobs in 2021. Promotion (12 percent).

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Employee Recognition Benefits Package Bonuses Healthcare 88

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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Employee Retention Benefits Package Salary Parental Leave 40

Bayzat

APRIL 5, 2024

Employee attraction refers to the processes and practices that a company implements to draw in potential employees to apply for job openings. On the other hand, employee retention refers to the efforts taken by an organization to keep its current employees engaged, motivated, and committed.

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Salary Benefits Package Recruitment Utilities 52

Empuls

MAY 29, 2023

Poor financial status of employees has given rise to a lack of productivity in the workforce and has been one of the major reasons for lower employee retention. Most of the time, the financial stress and mental pressure results in distractions and employees aren’t motivated enough to give their best.

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Employee Retention Health and Welfare Finance Salary 40

Empuls

OCTOBER 9, 2023

High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies. The alarming state of employee turnover in banking sector 1. Entry-level employees, in particular, are motivated by salary hikes. Schedule a demo today!

Banking 40

Banking Employee Retention Employee Recognition Salary 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. Remember the basics. Compensate fairly. Assess company perks.

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Health Benefits Package Professional Employer Organization Management 117

Employee Benefits

JULY 15, 2024

As a result of the current economic climate, employees may look to their employer for assistance. Providing access to discounts can help their salary go further, while steps to support financial wellbeing and literacy could reduce stress.

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Recruitment Parental Leave Salary Pension 98

Qandle

JULY 17, 2024

Offer competitive salaries and benefits packages to attract top talent. Implement mentorship programs and career development initiatives to foster talent retention and succession planning. Burnout, stress, and mental health issues can significantly impact productivity and employee retention.

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Human Resources Software Recruitment Technology 105

Empuls

OCTOBER 9, 2023

Factors contributing to healthcare employee turnover: Burnout : The healthcare industry, especially frontline roles like nursing, often involves long hours, emotional stress, and physical demands, leading to burnout. Compensation :  Competitive salaries and benefits are crucial for retention.

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Healthcare Employee Retention Family and Medical Leave Act Hospitality 52

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?

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Benefits Package Voluntary Benefits Employee Retention Pay Raise 52

Hppy

FEBRUARY 26, 2024

Many businesses , industries and sectors across the world struggle with employee retention, and it has become necessary to re-evaluate the relationship between employers and their staff members to try and reverse the trend. Travel insurance is also essential if employees are required to travel for their work.

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Employee Retention Insurance Employee Loyalty Benefits Package 78

Best Money Moves

APRIL 10, 2018

Everyone knows that a competitive benefits package includes much more than just financial wellness and a good salary. And, an exceptional benefits package may even counteract a high salary expectation. Piecing together your exceptional benefits package doesn’t need to be difficult.

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Health and Welfare Benefits Package Voluntary Benefits Finance 59

HR Digest

FEBRUARY 20, 2025

Its no longer a pre-Covid world where quiet quitting, revenge quitting , and the Great Resignation hadnt yet morphed into a steady hum of employee discontent. The benefits of employee retention go beyond the balance sheet. So, why is Employee Appreciation Day important?

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Parental Leave Benefits Package Employee Retention Salary 84

Hppy

JANUARY 17, 2023

One of the key ways to retain employees is through effective compensation and benefits packages. . The purpose of this article is to explore the role of compensation and benefits in employee retention, highlighting the importance of these factors and providing best practices for designing and implementing effective packages.

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Benefits Package Retirement Plan Health Insurance Employee Retention 36