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?

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

Business Management Daily

SEPTEMBER 6, 2022

Some saw typical wage growth and bonuses, but most of us received salary cuts as inflation ate up more and more of our paychecks. Companies like American Airlines received billion-dollar bailouts in the Payroll Support Program to make up the difference, but they chose to use the money on executive bonuses and a fleet of new jets instead.

Pay Raise 52

Pay Raise Bonuses Salary Food 52

Business Management Daily

APRIL 16, 2024

As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A merit increase or merit raise refers to a pay increase based on an employee’s performance. It’s not just a bonus, either. What is a Merit Increase?

Merit Pay 52

Merit Pay Pay Raise Bonuses Salary 52

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.

Healthcare 52

Healthcare Employee Retention Family and Medical Leave Act Hospitality 52

Empuls

DECEMBER 18, 2023

Recognizing and rewarding employees for maintaining high-quality standards can lead to improved product quality and customer satisfaction. Employees who feel appreciated for their role in maintaining quality are more likely to pay attention to detail and consistently meet quality standards.

Manufacturing 40

Manufacturing Bonuses Pay Raise Construction 40

Hppy

MAY 27, 2021

A company’s employees are its valuable assets. If you fail in retaining your employees, here are 5 ways to increase employee retention. . The plan must include bonuses and stock payments. Consider your team in a pay raise plan. However, failing to do so can incur an even bigger one.

Employment 59

Employment Salary Engineering Payroll Manager 59

Vantage Circle

AUGUST 23, 2018

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Bonuses through Time-Off. Increases Retention.

Employee Benefits 44

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 44