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Your HR budget: 6 line items to prioritize right now

Insperity

Higher salaries for existing employees According to a Willis Towers Watson (WTW) survey that garnered approximately 28,000 responses from companies in 135 countries, including 1,550 U.S. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. 6 HR budget items to prioritize 1.

Salary 105
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Redefining employee experience: What’s changed and why it matters

Insperity

Workplace flexibility A decade ago, flexible work arrangements were a perk offered by forward-thinking companies. Business and HR leaders must recognize that modern employees are driven by flexibility, purpose and a genuine commitment to wellbeing. Download The Insperity guide to employee engagement to learn more.

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4 Top Benefits Trends for 2022

Best Money Moves

Allowing employees to work from home and have flexible schedules is another way for employers to prove they are listening to the needs of their employees. Employees who are constantly worried about their finances are twice as likely to look for a different job and that stress costs employers 13-18% of annual salary.

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Crucial HR KPIs to measure in today’s workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000.

Health 86
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).

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7 ways to support employees during economic inflation

Insperity

Of course, there’s always the option of raising salaries commensurate with inflation. However, from employers’ perspective, the cost of living doesn’t necessarily equate with the cost of labor – and it’s the latter that determines salaries. These days, it’s not just a better salary that motivates employees to make a move.

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Employee fulfillment: Building a workplace culture that inspires and retains

Insperity

Grant autonomy and flexibility There’s a direct link between fulfillment and feelings of empowerment and trust from leadership. If possible, introduce more workplace flexibility to give employees the balance they crave. According to the PwC Putting Purpose to Work survey , 83% of U.S.

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