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3 powerful ways to improve your employee retention rate

Achievers

The better you can retain your employees, the better you’ll be able to save money, and more importantly, save the knowledge and talent your employees bring to the table. A competitive salary is the bare minimum that you need to provide to keep employees satisfied.

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5 ways to attract and retain (without increasing base pay)

Achievers

That’s includes everything from work-life balance and career development to frequent recognition and the right employee benefits. For example, pet ownership is growing faster than parenthood, so offering a choice between childcare support and pet insurance could make sense for your employees.

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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. The recession created an employer’s market where employees often had to settle for “good enough” when it came to their benefits. Ten years ago, that wasn’t a problem.

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10 Basic Employee Needs And How To Meet Them

Vantage Circle

Regularly accessing your employees' salaries ensures that your salaries are competitive and live up to the benchmarks against the industry average. Regular assessment of salaries will give you confidence in your organization and discourage employees from looking elsewhere to fulfill their basic needs.

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What is the Difference Between Benefits, Perks, Gifts, Awards, Incentives, and Rewards?

Empuls

Employee benefits also known as fringe benefits, as defined by the US Dept of Labor, are government-mandated, non-wage employee compensation, over their salaries and wages, that can be both financial and non-material. The fact that they are mandatory does not mean an employee is automatically entitled to all of them.

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What are Total Rewards: Here’s A Holistic View

Empuls

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. You can usually gauge how employee-centric an organization is by looking at its benefits package.

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Top 20 Examples of Employee Incentive Programs

Vantage Circle

To ensure a comfortable retirement, more businesses are exploring new ways to offer incentives for employees to save for retirement. Employers use dearness allowance to raise the salaries of their employees. Earlier, the cost of living wasn't a consideration for employers when determining employee compensation.