article thumbnail

How to Protect Your Company from High Employee Turnover

Achievers

Furthermore, this cost estimate is only an average; replacing more specialized employees can often run into six figures! Recognizing your employees for the contributions they make is another essential element in any program to increase retention.

article thumbnail

How to Effectively Get New Hires Up to Speed

Achievers

New employees should be quickly introduced to your HR programs and HR tech platforms. For example, if your company has an employee recognition and rewards program, make sure new hires are aware of it and know how to use it as soon as they start. The more useful information, the better.

401(k) 194
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Five Staff Benefits For Spenders

Enjoy Benefits

As the discounts are considered a ’trivial benefit’ by HMRC, they do not need to be declared on tax returns. Discount Club Employee recognition One benefit the spenders on your team are sure to love is the Rewards and Recognition scheme. Discount Club savings also apply to restaurants, days out, holidays and hotels.

Salary 52
article thumbnail

Bambee

HR Lineup

Bambee also provides payroll services, which allows small businesses to manage their payroll and taxes with ease, freeing up time and resources that can be better spent on growing the business.

401(k) 130
article thumbnail

10 Proven Strategies to Boost Employee Retention in 2025

COMPackage

Provide Total Compensation Statements Many employees are unaware of the full value of their compensation. Total compensation statements, which detail salaries along with benefits like health insurance, paid time off, employer-paid taxes (such as FICA), retirement contributions, and other perks, can bridge this gap.

article thumbnail

10 Best HR Software for Small Businesses in 2023

HR Lineup

Oyster helps businesses hire and manage employees worldwide while ensuring compliance with local labor laws and tax regulations. Small businesses appreciate Gusto’s straightforward approach to HR, which includes automated tax filings and intuitive reporting.

Software 130
article thumbnail

How to Support Your Employees During the Cost of Living Crisis This January

Employee Benefits

But, ensure to be cautious that this doesn’t negatively affect anyone who is already receiving Universal Credit as it could impact their tax. Utilise Employee Recognition Perks. Utilise your employee recognition schemes, such as vouchers to thank your talent for their hard work and boost morale during the January period.