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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%. Impact of high employee turnover rates 1.

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What does PEO stand for in HR?

HR Lineup

Life insurance. Disability insurance. Accident insurance, and more. Since a PEO will be in charge of sourcing and hiring candidates, they will ensure the recruits are fully prepared to take on their new roles. Medical coverage, including dental and vision. Educational assistance. Drug testing. Retirement benefits.

Insiders

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What is a benefits broker and how can they simplify employee benefits?

Higginbotham

This involves tailoring core benefits like health, dental and vision insurance while incorporating voluntary options, such as disability insurance, mental health benefits or life insurance.

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Zenefits

HR Lineup

The platform integrates with popular payroll providers and insurance carriers to provide real-time data and insights into benefits and HR programs. Zenefits’ platform offers a wide range of benefits products including health, dental, and vision insurance, life insurance, 401(k) plans, and other voluntary benefits.

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. Enhanced Recruitment and Retention: TCSs can be a powerful tool for attracting and retaining top talent by demonstrating the competitive nature of an employer’s compensation package.

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How Your Small Business Can Attract and Retain Top Talent

HR Bartender

(Editor’s Note: Today’s post is sponsored by Massachusetts Mutual Life Insurance Company (MassMutual), a leading provider of insurance, annuities, retirement plans, and other employee benefits. Every business is faced with recruiting challenges, employee morale and engagement, retention, training, etc. Enjoy the post!) .

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What are voluntary benefits?

WEX Inc.

And they serve as an excellent cost-effective recruitment and retention tool for employers as they look for ways to improve their benefits offerings. Security Add an extra level of security to your employees’ lives with voluntary benefits such as identity theft protection, life insurance, and legal benefits.