Remove Magazine Remove Salary Remove Workplace Flexibility
article thumbnail

Crucial HR KPIs to measure in today’s workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000.

Health 85
article thumbnail

Employee fulfillment: Building a workplace culture that inspires and retains

Insperity

Grant autonomy and flexibility There’s a direct link between fulfillment and feelings of empowerment and trust from leadership. If possible, introduce more workplace flexibility to give employees the balance they crave. According to the PwC Putting Purpose to Work survey , 83% of U.S.

Health 97
Insiders

Sign Up for our Newsletter

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

article thumbnail

7 ways to support employees during economic inflation

Insperity

Of course, there’s always the option of raising salaries commensurate with inflation. However, from employers’ perspective, the cost of living doesn’t necessarily equate with the cost of labor – and it’s the latter that determines salaries. These days, it’s not just a better salary that motivates employees to make a move.

401(k) 89
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. ( The Great Resignation is ongoing, after all.).

Salary 100
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. ( The Great Resignation is ongoing, after all.).

Salary 84
article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

Download our free magazine, The Insperity guide to HR outsourcing. Among their many valuable benefits, in-house HR teams and PEOs play an important role in directly impacting some of the major factors influencing employees’ decisions to leave or stay, as well as supporting management in deploying a successful employee retention strategy.

article thumbnail

Pay compression: What it is and how to fight it

Insperity

Let’s take a closer look at salary compression as well as how to spot, resolve and prevent it from reoccurring in your company. What is salary, wage or pay compression? Asking for a job seeker’s salary history won’t help much, either, especially if a prospective hire knows they can find a higher paying job elsewhere.

IT 73