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Employees Prefer Benefits Over PayRaise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to payraises. So, what non-monetary benefits can you provide to retain these employees? Paid ParentalLeaves. Increases Retention.
With the development and changes of society, such as salary and leave after implementation, sharing of parentalleave, etc., A company’s employees are its valuable assets. If you fail in retaining your employees, here are 5 ways to increase employeeretention. . Plan for the future.
Employees Prefer Compensation and Benefits Over PayRaise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to payraises. So, what non-monetary benefits can you provide to retain these employees? Paid ParentalLeaves.
Higher Retention. A 2017 report by Gallup shows that 51% of workers are planning to leave their current jobs. High employeeretention happens when employees feel connected to their work. You can include facilities like parentalleaves, flexible work, and childcare services. Rise in Profitability.
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