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Developing comprehensive benefit plans beyond compensation

Employee Benefit News

Core components of an effective benefits package include meaningful health and wellness programs, work-life balance initiatives and professional development.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

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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Innovative Ways to Improve Employee Retention

HR Digest

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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Omnipresent

HR Lineup

Their platform automates payroll calculations, tax withholdings, and payslips, ensuring that employees are paid accurately and on time, regardless of their location. Benefits and Insurance: The company also offers comprehensive benefit and insurance packages to remote workers, enhancing employee retention and satisfaction.

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Employee Turnover vs Attrition

HR Lineup

If employees perceive that their compensation is not commensurate with their skills and contributions, they may seek opportunities elsewhere. Regular salary reviews, benchmarking against industry standards, and a comprehensive benefits package can help address this issue.

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3 Reasons You Need Financial Wellness in the Workplace

Best Money Moves

Meanwhile, employers acknowledge that re-evaluating the benefit plans offered is a top priority to stay competitive and retain talent. If your employees feel their financial needs are supported with a comprehensive benefits plan, they are also more likely to be productive on the job and stay at their company long-term.

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Health and Wellness Blogs You Need to Read Now

WEX Inc.

Delivering innovative health and wellness programs is an evergreen goal for benefits administrators. Whether the objective is candidate recruitment in a tight labor market - or improving employee retention rates, a compelling, comprehensive benefits program is at the heart of employee engagement.