Remove Health Remove Pay Raise Remove Salary
article thumbnail

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

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Ensure pay equity. Be legally compliant.

Salary 106
article thumbnail

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

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( Ensure pay equity. Be legally compliant.

Salary 87
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee benefits for small businesses

Higginbotham

This can be done through salary and wages, but it can also be done through benefits, and the latter can be better in some ways. A Glassdoor survey found that 80 percent of employees prefer additional benefits over a pay raise. Dental and Vision Insurance. Workers need to be compensated. It can be very expensive.

article thumbnail

Everything You Need To Know About Employee Motivation

Vantage Circle

Physiological Needs – Regular salary, safe working environment, lunch breaks, coffee/tea machines. In the workplace : Employers provide extrinsic motivation in the form of pay raise and other benefits. Timely appraisals and salary hike is an important factor of employee motivation. Money and Other Benefits.

Food 70
article thumbnail

How much does a PEO cost?

Genesis HR Solutions

Annual renewals of insurance including: medical, dental, vision, life, disability, worker’s compensation. If you’re a company of 40 employees and you want to hire a mid-range HR professional, you’re looking at an approximate $85,000 annual salary plus additional expenses, including a fee for a payroll service (approximately $5,000 annually).

401(k) 52
article thumbnail

Employee Motivation- A Comprehensive Guide

Vantage Circle

Physiological Needs – Regular salary, safe working environment, lunch breaks, coffee/tea machines. In the workplace: Employers provide extrinsic motivation in the form of pay raise and other benefits. Timely appraisals and salary hike is an important factor of employee motivation. Money and Other Benefits.

Food 49
article thumbnail

The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

As you can see, retaining key players in your team means more than just paying competitive salaries. Research by Glassdoor showed that 63% of employees look for new or additional benefits over a pay raise when scoping out job listings, highlighting the increasing value placed on non-monetary aspects of employment contracts.