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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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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Employee Benefit News

OCTOBER 21, 2022

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Business Management Daily

AUGUST 13, 2024

In actuality, they offer you deferred financial incentives such as employee stock options, large bonuses, and attractive compensation packages. This fictional scenario is quite common for employees with golden handcuffs, which is why the practice sometimes raises some moral questions. However, adverse side effects exist.

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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. Allow telecommuting.

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Take It Personel-ly

DECEMBER 16, 2020

It’s that time of year again when office workers everywhere put on their ugliest sweaters and gather around for Christmas parties with coworkers, eggnog in the conference room and that highly anticipated bonus check. However, the most valuable members of your team deserve something more personal in addition to their annual holiday bonus.

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Best Money Moves

JUNE 8, 2021

4 benefits to help boost post-COVID employee retention. An employee mass-exodus could be coming to the post-COVID workforce. The mass employee exodus is due in no small part to a changing work landscape and increased employee burnout as a result of the COVID-19 pandemic. What can employers do to keep top talent? .

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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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Vantage Circle

MARCH 26, 2025

Unlike bonuses that provide a temporary boost, intangible rewards cultivate long-term fulfillment. In this guide, we'll explore what intangible rewards are, why they're essential for your workforce, and how you can integrate them into your employee reward program to build a more motivated, loyal team.

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Qandle

DECEMBER 11, 2024

This includes not only salary but also benefits such as health insurance, retirement plans, and bonuses. If an employee feels undervalued financially, they are more likely to leave for a position that offers better pay and benefits. How can I improve employee retention?

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Achievers

MARCH 6, 2020

But, you shouldn’t assume that these types of perks are motivating employees to do their best work (and what keeps them loyal to your company). Real motivation and employee retention are rooted in recognition. Unfortunately, a lack of recognition is the third most common reason employees leave their employers.

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Hppy

SEPTEMBER 15, 2020

This is why job satisfaction and employee retention need to be high on the list of priorities for every business – regardless of size or industry. Along with making employee retention a priority, you must also create and follow retention strategies to help reduce turnover. Image source: unsplash.com.

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Empuls

JANUARY 14, 2022

But if those employees end up leaving after a year or two, you’re right back where you started - having to hire again and wasting more money and time on recruitment. Increasing employee retention helps you hold onto those great employees, reducing turnover and recruitment costs. What is employee retention?

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15Five

JANUARY 16, 2024

Here’s a treasure trove of stats on employee retention in 2024. While it’s important to iron out and communicate your company’s mission, know that more than half of your employees don’t need that mission to match their values to keep working with you. To do that, you need data. Luckily, we’ve got it. From sources like the U.S.

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Achievers

OCTOBER 13, 2015

If you find yourself seeking creative ways to increase employee retention and reward exceptional worker effort, here are a few useful points to keep in mind. Budgetary constraints can be relentless, however, and often prevent appreciative managers from offering a raise. Salary isn’t the key factor in engagement.

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Insperity

FEBRUARY 24, 2015

These are viable methods for employees to expand their knowledge and gain experience. One way to filter out your top performers is to let go of employees who have already checked out. Some companies are offering unhappy employees a “pay-to-quit” bonus. Your employees are human. Flexibility.

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HR Digest

MARCH 12, 2025

401(k) matching), stock options, or performance bonuses. These examples tie employee success to company growth, fostering loyalty. Taxable Fringe Benefits: A company car used for personal errands, cash bonuses, or lavish retreats might trigger income tax obligations for employeesand payroll tax headaches for employers.

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HR Digest

DECEMBER 12, 2018

As the festive holidays unfold, the issue of Christmas bonuses becomes a subject that confuses most people. Both employers and employees are usually confused on the subject and begin to sort out whether the employers are to pay a Christmas bonus or not. It could also represent a lucrative incentive for employee retention.

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Achievers

JANUARY 27, 2016

Here are three primary effects you’ll experience from building employee recognition into your daily workplace culture: Better morale: Acknowledging the hard work and dedication that employees invest in your company is a good way to give them “a sense of ownership and belonging,” according to HR Council. Gift card or financial bonus.

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HR Lineup

APRIL 23, 2024

Financial Incentives Financial considerations, such as competitive salaries, benefits, and incentives, may also play a role in attracting boomerang employees back to their former employer. Additionally, companies may offer signing bonuses or retention bonuses to entice returning employees.

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Bonuses Salary Employee Loyalty Employee Retention 245

HR Lineup

MAY 17, 2022

Employees feel safe where they are trusted with more work responsibilities. You can conduct employee retention interviews and ask them where they will want to be in a few years. Rewarding them with lunch dates or paid leave can also go a long way in boosting employee retention after resignation. .

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HR Lineup

AUGUST 7, 2023

Importance of Job Satisfaction Increased Productivity: Satisfied employees are more likely to be motivated and committed to their work, leading to higher productivity levels. Employee Retention: Job satisfaction is a critical factor in employee retention.

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HR Lineup

MAY 24, 2022

The volunteer time off policy will attract community-minded and value-driven employees without you investing so much into the hiring process. Employee Retention. Such employees experience less stress and feel comfortable about themselves. How To Use Volunteer Time Off Policy.

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Take It Personel-ly

NOVEMBER 9, 2020

It might be more important than ever with recent events cutting into the bonuses your employees likely expect. You wouldn’t have a business without your workforce. So what can you do to make your staff feel appreciated for the holidays? With that in mind, here are five points to remember to show your workers how […].

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HR Lineup

APRIL 19, 2024

Equity compensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company.

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Achievers

MARCH 18, 2016

Use these tips to improve the employee retention rates among your millennial workforce: Offer a larger purpose. As you assemble the perks you offer, it’s important to go beyond merely material things like bonuses and health benefits (although those are important, too).

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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. 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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Achievers

AUGUST 4, 2022

Financial compensation isn’t the be-all and end-all of incentivizing employees, but it’s still a key part of an organization’s total rewards offerings. This category includes salary, bonuses, commissions, stock options, and more. Improved employee retention. 4 steps to building a winning total rewards strategy.

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HR Lineup

APRIL 28, 2022

Below, we discuss how to empower employees to make decisions that positively impact your business and maximize productivity. Following this guideline will easily help you achieve your business goals and increase employee retention rates. . Importance of Empowering Employees. Implement Career Development Programs.

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HR Lineup

MARCH 7, 2022

Increases Employee Retention Rate. We all know that losing the most valuable employees can be a huge setback for an organization. That being said, here are examples of employee recognition you can use based on your business needs. Cash prizes. Free lunch dates. Gift cards. Trophies and plaques. Paid time off. Conclusion.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 18, 2022

In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman , senior counsel Nick LaSpina , and special guest Michelle Garrett , a principal at the compensation consulting firm Semler Brossy, discuss employee retention. David Teigman: Today, I wanted to talk about employee retention.

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HR Digest

APRIL 11, 2023

In today’s competitive job market, attracting top talent is a challenge, but retaining those employees can be even more difficult. To succeed in retaining employees, organizations must implement effective strategies that address the unique needs and desires of their employees. Why are employee retention strategies important?

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HR Lineup

JUNE 7, 2022

Employers provide tangible things to keep their employees going to work. They include increased salaries, treats, bonuses, company cars, and other allowances. Employees work hard to receive material compensation for their efforts. Examples of Extrinsic Motivation. Importance Of Intrinsic and Extrinsic Motivation.

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Achievers

OCTOBER 6, 2016

Plenty of organizations offer plain vanilla employee referral programs, but if you want to be noticed for your policies, the trick is to pay attention to best practices. Serve up those referral bonuses promptly and be willing to reward outside your own organization.

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HR Lineup

MARCH 21, 2022

Consider Bonuses. Bonuses are among the employee benefits to consider. By offering this, not only will it contribute to employee retention , but they will stay motivated to give their best. This will make them feel like they genuinely earned the increase and drive them even more to be the best performers. .

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Griffin Benefits

JUNE 16, 2024

Used effectively, the vesting schedules in your retirement plans (401k, 403b, deferred compensation, and 457, to name a few) can be an excellent tool employers can use to improve employee retention. WHAT IS A RETIREMENT PLAN VESTING SCHEDULE AND HOW DOES IT IMPROVE EMPLOYEE RETENTION?

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Business Management Daily

AUGUST 12, 2024

Compensation Of course, most of us work primarily to get paid, so compensation is a critical component of an employee value proposition. Compensation includes the employee’s hourly wage or salary, along with added forms of payment like commissions or bonuses.

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