Achievers

MAY 23, 2017

The cost of employee turnover is outrageously high. When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement.

Pay Raise 117

Pay Raise Employee Retention Salary Banking 117

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. 

Employee Retention 40

Employee Retention Insurance Employee Incentives Retirement Plan 40

Achievers

OCTOBER 20, 2020

When an incentive is offered, 85 percent of workers feel more motivated to do their best. If you’re interested in discovering the most impactful employee incentive programs available for your organization, read on. What are employee incentive programs? The value of employee incentive programs.

Employee Incentives 305

Employee Incentives Profit Sharing Plan 401(k) Bonuses 305

Abel HR

NOVEMBER 12, 2020

If you’ve been around for a while, you know that one of our favorite topics is the concept of employee retention. which we know is directly tied to employee retention. Have a clear path forward: Nothing signals a time to move on quite like a lack of upward mobility.

Employee Retention 52

Employee Retention Salary Benefits Package Employee Incentives 52

Achievers

JUNE 12, 2024

Even if your company has developed a great employer brand that helps it attract top-notch employees, it won’t be able to leverage their abilities for long without a high employee retention rate. Calculating and analyzing your organization’s employee retention rate is the first part of any effective employee retention strategy.

Employee Retention 226

Employee Retention Employee Recognition PTO Health Insurance 226

Vantage Circle

SEPTEMBER 30, 2021

However, to create an employee stock purchase plan, you must first thoroughly understand what it entails. What Is An Employee Stock Purchase Plan? The employee stock purchase plan (ESPP) is a type of employee incentive plan where employees are often offered company shares at a discount to the market price.

Employee Stock Option 52

Employee Stock Option Taxes Deductions Deductible 52

Vantage Circle

SEPTEMBER 16, 2021

ESOP plans are one of the best ways of employee retention and loyalty. With an ESOP plan, companies can turn their employees into loyal partners and encourage cooperation. When employees know something personal is on the line, they are more motivated to stay longer at their jobs, do better, and even be more productive.

401(k) 52

401(k) Employee Stock Option Profit Sharing Plan Taxes 52

Vantage Circle

JUNE 16, 2021

This sincere act will boost employee morale and instill a sense of belonging at the workplace. Recognition has a tremendous potential to drive engagement, productivity, and employee retention. If you give your employees their due recognition, you can unlock their full potential. Higher Employee Retention.

Employee Recognition 52

Employee Recognition Employee Retention Management Technology 52

Empuls

AUGUST 1, 2024

   According to a report, a well-structured incentive program can increase productivity by up to 44% and decrease turnover rates by 14% to 26%. Investing in effective employee incentives is a strategic move that yields substantial benefits for both employees and the organization. 

Bonuses 40

Bonuses Education Taxes Employee Incentives 40

Empuls

DECEMBER 19, 2024

In today's competitive business world, implementing impactful employee incentive ideas is essential for boosting motivation, engagement, and retention. Thoughtful incentive ideas can go beyond standard rewards to spark enthusiasm, increase loyalty, and foster a stronger sense of team unity. 

Employee Incentives 40

Employee Incentives Bonuses Commissions Benefits Package 40

Achievers

AUGUST 26, 2024

Support employee learning and development A recent Gartner survey found that only 46% of employees are satisfied with professional development at their organization. A talent development program helps close that gap, resulting in greater employee retention and a healthy talent pipeline.

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Human Resources Employee Retention Recruitment Payroll 211