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Types of Compensation: Everything HR Needs to Know

HR Lineup

HR professionals must be knowledgeable about a wide range of benefits, including health insurance, retirement plans, paid time off, and other perks like gym memberships or flexible work arrangements. Leave Policies: Time-off benefits, including vacation days, sick leave, and holidays, are crucial aspects of indirect compensation.

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CircleYard

HR Lineup

The company offers regular training programs, workshops, and mentorship initiatives to empower employees to expand their knowledge and skills. Furthermore, CircleYard encourages employee well-being by providing comprehensive benefits packages, including health insurance, wellness programs, and mental health support.

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Employee Turnover vs Attrition

HR Lineup

Regular salary reviews, benchmarking against industry standards, and a comprehensive benefits package can help address this issue. Providing access to training programs, workshops, and mentorship opportunities not only enhances employee skills but also fosters a sense of loyalty and engagement.

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Have You Reviewed Your Employee Value Proposition Recently?

JGA Recruitment

From confidential chats with in-house counsellors to mindfulness workshops and a commitment to maintaining a stress-free environment, companies are prioritising their people. No longer seen as a luxury but a necessity, companies are now committed to protecting their employees’ mental health.

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Developing a Robust Plan for Retaining Top Talent in Your Organization

Qandle

Example: DEF Corporation offers a range of development programs, including leadership training, technical workshops, and tuition reimbursement for further education. This may involve wellness challenges, access to counseling services, or mindfulness workshops.

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What is the HR Value Proposition & How to Measure It?

HR Lineup

Learning and Development Training Programs: Onboarding: Implementing comprehensive onboarding programs to help new hires acclimate to the organization and become productive quickly. Comprehensive Benefits: Google offers extensive benefits, including health insurance, wellness programs, and generous parental leave policies.

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20 Best Company Perks for Employees

Empuls

Creative Time Off for Personal Projects : Encourage innovation by offering time off for employees to work on personal projects that could also benefit the company, like developing new skills or exploring creative ideas.