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Understanding employee turnover rates

Achievers

Here are a few turnover rates for key industries: Financial institutions: The Economic Times reveals that employee attrition within the financial services segment was at 25% while life insurance had the highest attrition rate at 47%.

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Holistic Wellness: 4 Benefits for a Better Plan

Best Money Moves

Holistic Wellness: 4 Benefits for a Better Plan. Holistic wellness offers a comprehensive approach to supporting employeeswell-being. Explore the benefits and strategies that can enhance your team’s wellness.

401(k) 59
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Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

These perks, often discretionary, supplement an employees paycheck and can range from health insurance to gym memberships, company cars to childcare assistance. According to a 2023 SHRM survey, 68% of employees prefer jobs with top-tier benefits over higher pay. The concept isnt new. Compliance is non-negotiable.

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What are voluntary benefits?

WEX Inc.

Examples of voluntary benefits are: Supplemental life insurance Critical illness Pet insurance Voluntary benefits are additional perks that an employer can offer at a discounted group rate, with the employee either fully or partially paying for the benefits through a payroll deduction.

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Employee Benefits Providers: What Employers Need to Know

Empuls

Enhancing employee well-being : Beyond traditional benefits , providers often offer wellness programs, mental health support, and financial education services that contribute to the overall well-being of employees. What are the top 5 types of employee benefits?

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

However, a number of other benefits are proving extremely popular — and many employees are considering these benefits “must haves,” and moving them to the top of the list when they consider their employers’ value proposition. Dental insurance. Life insurance. Accident insurance. Vision care.

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Designing a Remarkable Employee Perks Program that Fuels Success

Vantage Circle

It can help employees improve their skills and knowledge, benefiting both the employee and the organization. Life Insurance: According to Forbes Advisor , life insurance was deemed the top benefit by 45% of employees and 43% of employers. It includes pet insurance and pet-related time off.