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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Vantage Circle

JANUARY 31, 2024

Mastering the art of employee retention has become more crucial than ever. At the heart of this challenge lies the effective use of employee retention surveys. This article sheds light on how these surveys can be a game-changer for organizations seeking to understand and enhance their employee experience.

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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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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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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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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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Empuls

JUNE 19, 2023

Not all incentives are material, and here are a few ideas to get your employees to work as hard as possible. The role of incentives in employee retention Incentives play a very important role in employee retention. Bonuses are seen differently. Instead, start basing their bonuses on the profit percentage.

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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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Professionals Alternative

MARCH 18, 2021

Employee retention simply refers to how many employees actually stay under your employment. If you employ a hundred people and five of them leave, this means that your turnover rate is 5% which is 5/100 while your retention rate is 95% which is 95/100. Different Ways to Enhance Employee Retention Rate. .

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Empuls

DECEMBER 18, 2023

Employee retention is a critical factor in the success of insurance companies.    Recent studies reveal that employee retention rates in the insurance industry hover between 12% and 15% , with voluntary turnover rates showing an upward trend. However, there's no need to worry. 

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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. Company culture : Organizational culture plays a vital role in employee retention. Schedule a demo today!

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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. Have a thorough onboarding strategy.

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Employee Benefit News

MARCH 21, 2024

The move follows better-than-expected earnings in recent weeks, and will benefit all eligible salaried workers.

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Business Management Daily

DECEMBER 21, 2021

A stay interview is typically conducted by the employee’s direct manager and acts as an opportunity to collect feedback on matters that would impact employee retention. If so, your employees are aware of them too. On the other hand, if unemployment is spiking, employees may start to worry about their own job security.

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Hppy

JULY 5, 2023

Employee abandonment rate is a serious bane of the business world , and while it’s not always easy to prevent it, you could use more than a few tools to make them stay. Some would argue that HR and finance are two departments that play the biggest role in employee retention (other than individual teams and team leaders).

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Empuls

SEPTEMBER 28, 2023

This concern has given rise to a crucial conversation in the realm of compensation and benefits - the concept of cost of living bonus for employees. What exactly are these bonuses, and how do they play a pivotal role in the lives of UK employees? Suggested Read : How Can Employers Help Employees With the Cost of Living Crisis?

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Empuls

DECEMBER 19, 2023

Understanding the link between culture fit and employee retention Culture fit is more than just a checkbox on a hiring checklist. It's about ensuring that an employee's values, beliefs, and working style align seamlessly with the organization's ethos.

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Hppy

JANUARY 13, 2020

If you can’t offer competitive wages, you can’t expect to keep employees. What’s more, you absolutely cannot promise future bonuses or raises for employees when you do not have a tangible idea of whether or not it is possible. Exceptional employees can be hard to come by. Be sure to reward talent whenever possible.

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Hppy

MAY 20, 2022

That means that not only is losing employees incredibly costly, but the majority of your current workforce might be actively exploring options for changing jobs. And the only way to combat that is using engaging employee retention strategies that can get ahead of the reasons why they might want to leave your company.

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Employee Benefit News

JULY 24, 2023

From sympathy cards to birthday slideshows, employers should be recognizing employees however they can.

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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.

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Hppy

OCTOBER 7, 2016

Well, research has consistently shown that companies with better engagement have much better retention – with engaged employees 87 percent more likely to be retained. What can you do to improve engagement and boost employee retention? Ok, so now I’ve just presented you with another puzzle. Get your free copy.

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Qandle

JUNE 25, 2024

Create a Positive Work Environment A positive work culture is instrumental in employee retention. Recognize and Reward Performance Building a culture of appreciation by recognizing and rewarding employees for their contributions is key to motivating them to perform at their best.

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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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COMPackage

JULY 2, 2024

To enhance transparency and ensure that employees understand the full value of their compensation packages, many organizations are adopting Total Compensation Statements (TCS). These comprehensive documents outline all aspects of an employee’s compensation, including salary, benefits, bonuses, and other perks.

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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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Empuls

AUGUST 27, 2024

Talent acquisition and retention have become difficult and organizations are under increasing pressure to find innovative ways to keep their workforce engaged and motivated. This statistic is not just a number; it reflects the growing demand for meaningful acknowledgment of employees' contributions. 

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Qandle

NOVEMBER 1, 2024

Yet, with a strategic approach, companies can effectively tackle employee absenteeism, boost employee retention, and nurture a more engaged team. Employee Assistance Programs (EAPs): Provide confidential counseling services to help employees manage personal or work-related challenges.

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Hppy

AUGUST 18, 2017

She has shared what she did to increase retention rates to an average retention rate of over 90% with millennial employees: How to Improve Your Employee Retention. Companies should begin thinking about how to keep millennial employees throughout the interview portion of their hiring process.

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HR Lineup

AUGUST 16, 2024

Retaining Employees Retention is just as important as attracting new talent. If employees feel that they are being underpaid compared to their peers in similar roles at other companies, they may start looking for opportunities elsewhere. Percentiles: Salaries at various percentiles (e.g.,

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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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HR Digest

APRIL 9, 2023

Rewards may include bonuses, promotions, gifts, or extra time off. Effective recognition and rewards programs can lead to increased productivity, better employee retention rates, and improved job satisfaction. Monetary rewards can include bonuses, gift cards, or other incentives.

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Empuls

NOVEMBER 15, 2024

Benefits of employee loyalty programs Implementing loyalty programs for employees comes with a host of advantages that can significantly enhance workplace morale and productivity. Here’s a look at the key benefits these programs offer: Increased employee retention: Loyalty programs foster a sense of commitment among employees.

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PeopleKeep

MARCH 29, 2021

However, for small employers, offering competitive employee benefits can seem like a balancing act between keeping employees happy and managing the costs associated with offering insurance—not to mention other expected perks like retirement savings accounts, paid time off, bonuses, and more.

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Achievers

JULY 17, 2024

Keeping top talent happy and engaged is more challenging than some may think, but there’s a solution: employee retention software. These advanced tools analyze everything from employee behavior and satisfaction to performance metrics, offering invaluable insights for crafting effective retention strategies.

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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. They’ll bring it in themselves.

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