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Employee Benefits: A Key Part of Job Compensation

Money Talk

Flexible Hours - According to a recent study, 95% of workers want flexible work hours ; even more so than they want remote work locations. More employers are increasing workplace flexibility in an effort to recruit and retain workers.

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4 Top Benefits Trends for 2022

Best Money Moves

Sixty-five percent of employees are stressed about their finances due to the pandemic, according to a the 2022 Trends in Benefits report, costing the employers around the country a total of $4.7 Financial wellness programs, like Best Money Moves , can help employees regain control of their finances. . Employers need to take notice.

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Pay compression: What it is and how to fight it

Insperity

If money is tight, there are options (see “Encourage collaboration between HR and finance staff” section below). Encourage collaboration between HR and finance staff. That’s why HR and finance professionals should work together to determine salary structures. Many companies, however, may not have the budget to do this.

IT 74
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How to tackle wage growth and remain competitive in a tough market

Insperity

Reserve the right to make changes, including downward adjustments, at any time based on employee performance or company finances. Workplace flexibility. Create a variable pay plan in writing. This plan should be: Adaptable. Tie incentives to clear goals, at a defined frequency and with an end date. Special perks. More time off.

Salary 102
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The Millennial Turnover Problem in the Financial Services Industry

Hppy

According to a Compdata survey, the Banking & Finance industry has an 18.6 Millennials also look for more workplace flexibility, choosing workplaces that provide options for work environments, work hours, and benefits. percent turnover rate , which is one of the highest among all industries. Reputation.

Banking 54
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How to tackle wage growth and remain competitive in a tough market

Insperity

Reserve the right to make changes, including downward adjustments, at any time based on employee performance or company finances. Workplace flexibility. Create a variable pay plan in writing. This plan should be: Adaptable. Tie incentives to clear goals, at a defined frequency and with an end date. Special perks. More time off.

Salary 85
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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

These could include any number of services or programs that enhance employees’ quality of life and working conditions, ranging from educational assistance to achievement awards and options for greater workplace flexibility, including remote work. Managing employee benefits So, how do you: Select the right benefits for your workplace?