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Get the best results from your benefit budget conversations

WEX Inc.

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. The impact cutting a benefits budget would have Why do you come into work?

Taxes 98
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Employee Life Cycle: Meaning, Stages, Strategies & Examples

HR Lineup

Strategies: Building a strong employer brand , utilizing social media, creating appealing job postings, and engaging in community outreach. Recruitment Stage Strategies: Applicant Tracking Systems (ATS): Utilize ATS to streamline the recruitment process, manage applications efficiently, and reduce the time-to-hire.

Utilities 246
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Top Strategies for Hiring During Recession

HR Lineup

Optimize job postings and recruitment channels: Crafting effective job postings and utilizing the right recruitment channels are crucial during a recession. Conduct research to ensure that the salary and benefits you provide are in line with industry standards.

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How HR Professionals Attract Top Talent

eni

Utilizing targeted advertising to reach specific candidate demographics. Participate in Industry Events: Competitive compensation and benefits packages are critical in attracting top talent. Communicating the total compensation package effectively to candidates, showcasing the overall value of working for the organization.

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3 Big Benefits Mistakes to Erase From Your Program

Best Money Moves

In a recent PeopleKeep survey, 81 percent of respondents felt that an employer’s benefits package was a deciding factor when accepting a new job. In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary.

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How to Improve Employee Satisfaction with Workplace Bonding?

HR Lineup

Encourage employees to take breaks, maintain reasonable work hours, and utilize vacation time. Fair and competitive compensation packages that align with industry standards demonstrate an organization’s commitment to recognizing and rewarding employees for their efforts. Avoid a culture that glorifies overwork and burnout.

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Job Satisfaction: Definition, Components, Types & Importance

HR Lineup

Compensation and Benefits: Fair and competitive pay, along with attractive benefits packages, can enhance job satisfaction. When employees understand their roles and can utilize their skills and strengths, they tend to experience greater satisfaction.