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Starbucks’ Parental Leave Policy Doubles the Paid Leave for New Parents

HR Digest

With Netflixs parental leave policy on shaky grounds , Starbucks parental leave policy is now offering to provide industry-defining benefits to employees by doubling the leave allowance currently available to workers. No other retailer offers a better parental leave benefit for new parents.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance. Paid Parental Leaves.

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An Employers Guide to Agile Compensation Strategies

Hppy

Due to the increase in pay grade information, the employees know how much money there is in the market, so they are not scared to ask for fair wages. With the development and changes of society, such as salary and leave after implementation, sharing of parental leave, etc., Consider your team in a pay raise plan.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. Paid Parental Leaves. Parental leaves can be in the form of paternity leaves, maternity leaves or even adoption.

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How to Design an Employee Benefits Program Effectively

Empuls

The survey also found that 80% of employees would choose additional benefits over a pay raise. Use this information to identify areas where you can improve your benefits program and adjust as needed. Make adjustments as needed Employee needs and preferences can change over time, as can your business needs.

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

Hppy

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. Conduct periodic surveys: This ensures alignment of perks offered with evolving workforce desires.

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What is Employee Engagement? Everything You Need To Know

Vantage Circle

You can include facilities like parental leaves, flexible work, and childcare services. Studies say that 89% of millennials prefer benefits over pay raises. Some companies prefer keeping an informal but continuous dialogue. Just make sure that you get all the information you need to make the change happen.