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Top Strategies to Reduce Employee Turnover in 2024

HR Lineup

The contemporary workforce is influenced by various trends, including: The Rise of Remote Work: The widespread adoption of remote work has reshaped traditional notions of workplace flexibility and work-life balance.

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Employee Benefits: A Key Part of Job Compensation

Money Talk

Also known as “fringe” (short for fringe benefits) or “perks.” employee benefits generally equal 25% to 50% of a worker’s gross pay. Thus, they are a key part of workers’ total compensation package. Purposes of employee benefits include: ¨ recruit and retain talented employees (e.g.,

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48% of employers have invested in benefits due to economic climate change

Employee Benefits

Nearly half (48%) of employers have boosted investment in their benefits package over the last 12 months in response to economic climate changes, according to research by benefits provider Zest. Salary (46%) was the next largest factor, followed by demands for better employee benefits packages (43%).

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4 Top Benefits Trends for 2022

Best Money Moves

Here are 4 of the top employee benefits trends to keep in mind for 2022. Having a benefits package that is the same for every employee often leads to workers not fully understanding what they’ve enrolled in. Employers are trying to combat this in 2022 by shifting to personalized benefits. Additional personalization.

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How HR can give your company’s employee retention strategy a boost

Insperity

Training and development To feel comfortable staying with a company for the long haul, employees want to know that they have a viable career path there, with opportunities for internal mobility and continual learning and development of their skills.

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Should employee benefits include Dependent Care Assistance Plans (DCAPs)?

Higginbotham

Employers can help their workers by offering dependent care assistance plans as part of their employee benefits package. A flexible schedule that allows for remote or hybrid work and adjustable start and end times can help workers balance their personal and professional obligations.

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What are Total Rewards: Here’s A Holistic View

Empuls

Employee total rewards are a combination of benefits, compensation, and rewards that employees receive from their organizations, including wages and bonuses, rewards, performance recognition, workplace flexibility, career opportunities, etc. Workplace flexibility and work-life balance. What are benefits?

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