Vantage Circle

FEBRUARY 3, 2025

Interestingly, employee retention works a lot like that puzzle. Each of your employees is a crucial part, contributing to your organization’s big picture. In this blog, we’ll discuss the five main drivers of employee retention. But what happens when you can’t find a few pieces?

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HR Digest

MARCH 31, 2023

Employee retention is a crucial factor for organizations to maintain sustainable growth and competitive advantage. A high turnover rate can lead to increased costs associated with recruitment, training, and lost productivity, as well as a negative impact on employee morale and company culture.

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Vantage Circle

JULY 9, 2024

This challenge is more common than you might think, and it highlights the importance of understanding the benefits of employee retention in today's business environment. Companies with high retention rates enjoy a plethora of advantages, from substantial cost savings to enhanced productivity and a stronger company culture.

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PeopleKeep

AUGUST 20, 2021

The first time a small or medium-sized business (SMB) is able to offer their employees health benefits is an exciting milestone. Offering a quality health benefit is an excellent tool for both employee retention and recruiting that sets your organization apart from those struggling to offer health benefits amid the COVID-19 pandemic.

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PeopleKeep

MAY 18, 2022

Having access to employee benefits like health insurance isn’t always guaranteed for part-time employees. According to the Bureau of Labor Statistics , only 23% of employees with part-time jobs were offered employer-sponsored health insurance.

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Business Management Daily

DECEMBER 6, 2021

Employee retention is a major challenge for employers at this time. Employees largely put off changing jobs during the pandemic due to the level of instability in the labor market. To combat turnover, it’s time to take a more active approach in retaining employees and boosting engagement. Allow telecommuting.

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Employee Benefit News

JULY 29, 2024

From health insurance to retirement plans, a new survey revealed that women want stability before flexibility.

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HR Lineup

MARCH 1, 2022

Improving your employee wellness will positively impact their engagement in the company. Your employees will be happier at the office and in the long run, you’ll experience a higher employee retention rate. Fewer insurance claims. Some of the insurance claims being filed can be prevented.

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Health Consultants Group

SEPTEMBER 1, 2021

6 Post-Pandemic Employee Retention Strategies. The pandemic gave many employees a break from the workplace. As employers gradually get back to business as usual, many employees are searching for a new normal. You’ll need to reassess your employee retention strategies to keep them on board. .

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Qandle

DECEMBER 11, 2024

This includes not only salary but also benefits such as health insurance, retirement plans, and bonuses. If an employee feels undervalued financially, they are more likely to leave for a position that offers better pay and benefits. How can I improve employee retention?

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HR Digest

MARCH 12, 2025

At its core, the fringe benefits meaning refers to any compensation provided to employees beyond their regular wages or salaries. These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. It is modest yet impactful.

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Vantage Circle

JULY 20, 2018

Creating a highly engaged workplace begins with having an effective employee retention strategy. Employee retention is the organization’s goal to keep talented and skilled employees. For a lower employee retention, you need to nurture and engage your talent to stop them from leaving.

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HR Lineup

MAY 28, 2024

Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages. These perks are designed to enhance employees’ overall well-being, job satisfaction , and loyalty to the company.

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HR Lineup

JUNE 14, 2024

Recognition and Rewards: Implement recognition programs to acknowledge and reward employees’ contributions and achievements. Compensation and Benefits: Offer competitive salaries and benefits packages, including health insurance, retirement plans, and flexible working arrangements.

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Utilities Recruitment Retirement Plan Media 246

Achievers

MARCH 20, 2023

And you can make moments of recognition truly memorable with a platform that lets all employees give out and redeem reward points from a huge, built-in catalog of exciting gifts and experiences. Leaders should instead strive to act as coaches , focusing on how to empower employees to achieve their goals.

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HR Digest

APRIL 20, 2023

Employee retention strategies are vital to the success of any organization. High employee turnover can be highly disruptive to any business. In this article, we’ll explore some innovative and effective employee retention techniques. Employees value the ability to work from home or have flexible work hours.

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Business Management Daily

AUGUST 12, 2024

Employee value proposition (EVP) refers to the value you offer employees in exchange for their skills and hard work. EVP statements are concise messages summarizing the value offered to employees. They are often displayed on career pages to attract potential candidates.

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Achievers

FEBRUARY 22, 2021

Start by encouraging frequent social and monetary recognition, preferably by adopting an employee recognition platform that’s easy for everyone to use. Organizations that practice recognition frequently are 41% more likely to see improved employee retention and 34% more likely to see employee engagement.

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HR Lineup

MARCH 27, 2024

Similarly, if an employee wishes to leave before completing the notice period, they may be required to compensate the employer for the shortened notice period. Recruitment and Retention: A well-managed notice period reflects positively on an organization’s employer brand and may influence future recruitment efforts.

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Human Resources Payroll Salary Health Insurance 242

HR Digest

MAY 21, 2023

Employee benefits have become an essential part of any competitive compensation package. From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. The mandatory benefits form the foundation of all employee benefit packages.

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InterWest Insurance Services

APRIL 11, 2024

A recent study has found that employers who offer health insurance coverage to their staff had an average return on investment (ROI) of 47%, meaning that for every $1 an employer spends, it will receive $1.47 The analysis found that this combination of group health and wellness programs boosted overall ROI for employers.

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Higginbotham

AUGUST 10, 2023

An employee wellness program is a driver of success and sustainability for any organization in any industry, and the core of an effective strategy for employee wellness is comprehensive health insurance coverage. Large companies are making wellness program investments for the benefit of both employer and employee.

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Abel HR

NOVEMBER 5, 2024

Employee retention is a critical aspect of business success. At Abel HR, we specialize in maximizing employee benefits and ensuring regulatory compliance, allowing you to focus on growing your business. Comprehensive Health Benefits Health insurance is a top priority for many employees.

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Business Management Daily

SEPTEMBER 29, 2021

Open enrollment is an important period for employees to make changes to their benefits enrollments including their health insurance plan selection. The federal health insurance marketplace, created by the Affordable Care Act to provide affordable health insurance to uninsured Americans, can be accessed at healthcare.gov.

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Empuls

DECEMBER 24, 2024

  These benefits range from health insurance to retirement plans, paid time off (PTO), and wellness programs. A well-rounded program addresses employees' financial, physical, emotional, and social needs, contributing to their overall job satisfaction and work-life balance. What are the top 5 types of employee benefits?

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Achievers

MAY 10, 2018

By offering employees additional training opportunities, you’re investing in the advancement of their careers, while adding more value to your business. The more successful and capable your employees are, the better your business will be. Offering Employees Training and Development Increases Employee Retention.

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Empuls

AUGUST 27, 2024

It will further bring about a friendly working atmosphere and improve the morale of employees in general. Health insurance Arguably, this is the most important prerequisite of a good benefits package. This category varies from different plans with several options that include PPOs, HMOs, and high-deductible health plans.

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HR Digest

APRIL 9, 2023

By conducting regular employee satisfaction surveys, organizations can identify areas where they can improve the employee experience and address any concerns or issues that may be causing dissatisfaction. Taking action based on the feedback received can help improve employee retention rates and create a more positive work culture.

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Qandle

JUNE 25, 2024

Additionally, they offer health insurance benefits, gym memberships, and opportunities for skills training and advancement. Create a Positive Work Environment A positive work culture is instrumental in employee retention. This approach has improved employee satisfaction and retention.

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Best Money Moves

AUGUST 18, 2021

Accessible and comprehensive health benefits. Over half of all Americans receive health insurance from their employers, according to 2019 census data. So it’s not surprising that in a 2020 survey of 2000 multigenerational participants, dental and vision insurance topped the list of most wanted Employee Benefits.

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Empuls

JUNE 19, 2023

Not all incentives are material, and here are a few ideas to get your employees to work as hard as possible. The role of incentives in employee retention Incentives play a very important role in employee retention. Here is how: 1.

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PeopleKeep

JANUARY 5, 2021

Open communication encourages higher quality work, understanding of important policies, and a relationship of trust between employers and employees. In addition, an open-door environment can even promote employee retention , helping save employers thousands of dollars per employee.

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Empuls

OCTOBER 9, 2023

High turnover can result in significant costs and disruptions, making it essential for banks to implement effective employee retention strategies. The alarming state of employee turnover in banking sector 1. Company culture : Organizational culture plays a vital role in employee retention. Schedule a demo today!

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Hppy

AUGUST 23, 2022

Most business owners do their best to hire top-performing employees who will serve their business well and promote profitability. However, poor employee retention is a problem that many companies encounter, and not all of them understand the reasons why.

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Empuls

MAY 29, 2023

Poor financial status of employees has given rise to a lack of productivity in the workforce and has been one of the major reasons for lower employee retention. Most of the time, the financial stress and mental pressure results in distractions and employees aren’t motivated enough to give their best.

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Employee Benefits

JULY 11, 2023

Employee retention poses a complex challenge that goes beyond merely offering a competitive salary. The prominence of employee perks is on the rise, and as such, workers’ expectations are also climbing. Group health insurance packages typically range between £250 and £1,000 per employee per annum.

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Empuls

APRIL 25, 2024

Employee retention is crucial in this competitive market. Did you know how PepsiCo energizes and retains its employees?   Employee retention refers to an organization's ability to keep its valuable employees. When employees leave, it's costly.

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