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Boosting Employee Retention with Strategic Perks: Insights from Abel HR

Abel HR

Provide opportunities for professional development through workshops, training programs, and tuition reimbursement. Offering financial wellness programs, such as retirement planning, investment education, and financial counseling, can help employees manage their finances better and feel more secure, leading to higher retention rates.

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7 Employee Benefit Trends that are Set to Dominate in 2024

Empuls

  Employee assistance programs (EAPs) provide confidential counseling services to help employees navigate personal and work-related challenges. These programs often cover a range of issues, from stress management to financial counseling.

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How HR Can Help Employees Facing Financial Hardship?

Hppy

However, companies are increasingly recognizing the importance of addressing their employees’ financial well-being beyond retirement planning. Offering financial literacy workshops or seminars can be immensely beneficial. For instance, consider partnering with financial experts to provide on-site or virtual workshops.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  Student loan repayment assistance: With student loan debt reaching record highs, companies offering assistance with repayment plans can significantly alleviate a major financial burden for younger employees.  They provide a sense of security for the future and encourage long-term financial planning.