Employee Benefit News

MARCH 21, 2024

The move follows better-than-expected earnings in recent weeks, and will benefit all eligible salaried workers.

Bonuses 278

Bonuses IT Salary Employee Retention 278

HR Lineup

OCTOBER 24, 2024

The main goal of pay equity software is to ensure that employees are compensated fairly and consistently based on their role, experience, and qualifications, without bias or discrimination. Key Features: Compensation Benchmarking: Access to an extensive database for benchmarking salaries. What is Pay Equity Software?

Software 246

Software Payroll System Engineering Payroll 246

Achievers

SEPTEMBER 12, 2024

Beyond just tracking numbers, understanding turnover rates requires identifying the root causes of employee departures and developing effective retention strategies in response. By analyzing turnover rates, organizations can proactively address underlying issues and improve employee satisfaction and retention for the long term.

Retail 172

Retail Professional Services Employee Retention Salary 172

HR Digest

DECEMBER 2, 2023

With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. This is why employee retention strategies are important. How to Improve Employee Retention?

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

HR Lineup

SEPTEMBER 28, 2024

It is designed to manage various HR functions, ranging from employee data management and payroll to performance reviews, time tracking, and benefits administration. Essentially, an HRIS acts as a centralized database for all employee-related information. Its focus is on managing the lifecycle of an employee once they are onboarded.

Human Resources 245

Human Resources Payroll Recruitment Retirement Plan 245

HR Lineup

APRIL 19, 2024

Equity compensation is a powerful tool used by companies to attract, retain, and incentivize employees. Unlike traditional forms of compensation such as salary and bonuses, equity compensation grants employees ownership stakes in the company. The post What is Equity Compensation & How It Work?

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Equity Compensation IT Taxes Compensation Equity 246

HR Lineup

OCTOBER 2, 2024

It provides a comprehensive view of the number of employees within a company, segmented by various categories such as department, job function, location, and employment status. Headcount reporting is the process of tracking and analyzing the number of employees within an organization at a given point in time.

Employment 246

Employment Overtime Recruitment Technology 246

Business Management Daily

SEPTEMBER 18, 2024

Few things contribute to poor employee retention rates as much as toxic leadership in the work environment. In their black-or-white mindset, employees are either “for” or “against” them – and treated accordingly. They scrutinize their employees’ work to ensure they follow orders.

Employee Retention 52

Employee Retention Human Resources PTO Health 52

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. Also, you’ll be shocked to know that, The average cost of turnover per employee can be thousands of dollars. Don’t get me wrong.

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HR Lineup

JUNE 20, 2024

It contrasts with external recruitment, which involves hiring new employees from outside the organization. By emphasizing internal mobility, companies can optimize their talent pool, enhance employee engagement , and ensure a better alignment of skills and positions within the organization.

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Best Money Moves

APRIL 20, 2022

5 benefits to include in your employee retention strategy. Up your employee retention strategy and keep your team where they belong with these five benefits. . These numbers suggest that the period of record employee turnover known as the “Great Resignation” is not slowing down. . Department of Labor.

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Employee Retention PTO Healthcare Benefits Package 122

Vantage Circle

JULY 9, 2024

Have you ever wondered why employees keep leaving despite the company’s best efforts to retain them? 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.

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WEX Inc.

JULY 30, 2024

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. As such, it is critical to make a strong case for employee benefits during the budget conversations with leadership. Salary and benefits.

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Achievers

JANUARY 7, 2020

Companies spend thousands of hours crunching numbers, running reports, assessing cost of living, and determining what salaries are required to win the necessary talent they need for the future. Does compensation align your employees to your company’s mission and values? Now for the exciting part: negotiations. Recognize frequently.

IT 190

IT PTO Salary Employee Recognition 190

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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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. Here is a list of the most effective employee retention strategies to help you create a workplace that your employees won’t want to leave.

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PeopleKeep

OCTOBER 17, 2021

When it comes to employee retention , business owners and HR departments need to track specific metrics to make sure the organization isn’t losing employees to other opportunities at too high a rate. Download our full employee retention guide to read later. Short on time?

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Employee Retention Salary Human Resources IT 98

Business Management Daily

AUGUST 13, 2024

This is how employers’ trap’ top-performing employees into staying at their organizations, which is why the term ‘golden handcuffs’ is used. Since the employee receives so many attractive benefits, they feel ‘handcuffed’ to their current role. What are golden handcuffs?

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Employee Benefits

FEBRUARY 26, 2024

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Are you at high risk of high employee turnover? Creating an enviable company culture Values matter.

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Business Management Daily

AUGUST 12, 2024

Find out how to build and convey that value through your employee value proposition. What is an employee value proposition (EVP)? Employee value proposition (EVP) refers to the value you offer employees in exchange for their skills and hard work.

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Salary Retirement Plan Employee Stock Option Parental Leave 105

Qandle

DECEMBER 11, 2024

While it might be easy to dismiss these departures as mere dissatisfaction, the reality is that many good employees leave their jobs for a variety of nuanced reasons. Understanding the Impact of Career Stagnation When employees feel that they have reached a dead end in their careers, it can lead to frustration and disengagement.

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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. .

Employee Retention 94

Employee Retention Work From Home Take Home Pay Consulting 94

15Five

JANUARY 16, 2024

Here’s a treasure trove of stats on employee retention in 2024. Despite countless advice columns and coaches claiming that employees should switch jobs every few years to maximize their income, most employees stay an average of four years with their employer. Source 57% of employees leave because they feel disrespected.

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Insperity

OCTOBER 17, 2023

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? Specifically, HR personnel can: Communicate transparently with employees. As it turns out, you can.

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Employee Retention 401(k) Benefits Package Construction 108

Hppy

JANUARY 8, 2025

Employee retention is one of the most pressing challenges faced by organizations today. In a competitive job market, retaining talent goes beyond offering attractive salaries and perks. A strong workplace culture, where employees feel valued and recognized, plays a crucial role in keeping staff engaged and committed.

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Empuls

JANUARY 14, 2022

The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies. The changing pace has left even the best organizations with no choice but to rethink their employee acquisition and retention strategies. What exactly is employee turnover?

Employee Retention 98

Employee Retention Recruitment Technology Management 98

Achievers

JANUARY 23, 2018

Here are the main reasons workers cite for leaving their positions, and how you can slow this expensive leakage and build your employee retention: They Don’t Get Along with Their Boss. This reason is the elephant in the room, and we can’t discuss employee retention without starting here. The Company Lacks Vision.

Human Resources 218

Human Resources Employee Retention Health Salary 218

HR Lineup

MAY 10, 2024

In this article, we delve into the top strategies for reducing employee turnover in 2024, offering insights and actionable steps for employers to enhance retention efforts. Organizations that prioritize DEI initiatives demonstrate their commitment to creating an environment conducive to employee retention and engagement.

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Benefits Package Flexible Spending Account Employee Retention Flexible Spending 246

Hppy

APRIL 9, 2021

Employee turnover is expensive on many levels to the employer. The average cost of replacing an employee is 21% of their annual salary. It is essential to tackle employee retention from different angles simultaneously to achieve positive results. . To affect turnover, the employer must go beyond the base salary.

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Employee Retention Pay Raise Salary Recruitment 74

Hppy

SEPTEMBER 15, 2020

This is why job satisfaction and employee retention need to be high on the list of priorities for every business – regardless of size or industry. Along with making employee retention a priority, you must also create and follow retention strategies to help reduce turnover. Onboarding and New Employee Orientation.

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Employee Retention Retirement Plan Bonuses Employee Compensation 91

Achievers

NOVEMBER 1, 2016

Every manager and HR professional views employee turnover as a headache, but do you actually know how expensive and damaging it can be to your organization? One-third of all employees know within the first week at a new job whether they will stay with the company for the long term. The dimensions of the problem.

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Employee Retention Employee Recognition Work From Home Consulting 229

15Five

NOVEMBER 14, 2023

Employee retention isn’t merely a challenge—it’s an ongoing effort that requires continuous foresight and strategy. At our second annual Thrive by 15Five conference, we held a breakout session titled “The Retention Roadmap: Plotting Your Course to Proactive Employee Retention”.

Employee Retention 98

Employee Retention Health Utilities Technology 98

HR Lineup

APRIL 23, 2024

With the rise of the gig economy and short-term contracts, employees may seek new opportunities outside their current organization, only to find that the grass isn’t always greener on the other side. Additionally, companies may offer signing bonuses or retention bonuses to entice returning employees.

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Bonuses Salary Employee Loyalty Employee Retention 245

Insperity

AUGUST 6, 2024

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. Times have changed.

Health 87

Health Recruitment Employee Retention Salary 87

Vantage Circle

JUNE 9, 2023

Your employees are your most valuable resource, and the quality of your staff has a direct impact on the quality of your products and services. To bring in the best talent, you need to be offering the most competitive salaries, and that is what is going to change the end game. What is Salary Benchmarking?

Salary 98

Salary Media Payroll Hospitality 98

Achievers

AUGUST 4, 2022

Salaries matter, but if given the choice between working at an organization that offers higher pay and one with a reputation for providing a variety of exceptional incentives and other forms of recognition, many employees would choose the latter. This category includes salary, bonuses, commissions, stock options, and more.

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Financial Compensation Employee Recognition Employee Incentives Employee Retention 243

HR Lineup

JUNE 7, 2022

Employers need to understand the drive behind their employees’ good performance and retention. Most companies have been using this motivation to help their employees perform well. However, in this type of motivation, employees perform well only because they expect something from their employers.

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Salary Bonuses Employee Retention Employment 243