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3 powerful ways to improve your employee retention rate

Achievers

A competitive salary is the bare minimum that you need to provide to keep employees satisfied. Health insurance coverage and paid vacation time are considered standard, so going above and beyond that minimum can go a long way toward improving your retention rate.

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Golden handcuffs: Should employers use them on top talent?

Business Management Daily

Someone is said to have golden handcuffs whenever their job’s perks, such as high salaries or compensation plans, are too attractive to leave. His new job featured many benefits and a six-figure salary, but he knew a high-pressure work environment would be the trade-off. What are golden handcuffs?

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3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

Yet many business owners today still seem hesitant to invest in better coverage or more paid vacation hours to woo new talent. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. Ten years ago, that wasn’t a problem.

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5 ways to attract and retain (without increasing base pay)

Achievers

At AWI , we call this aspect of employee experience “emotional salary”, and our research shows that once employees earn a living wage, emotional salary becomes increasingly important for attraction and retention. The results showed that unlimited vacation increased job commitment by 53%, childcare by 43%, and pet insurance by 38%.

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5 Hidden Costs of Employee Turnover

Insperity

According to a study by the Society for Human Resource Management , replacing an employee could cost you up to five times the annual salary of the now vacant position. Their high-dollar salaries are now being spent on recruiting. She now has summers and holidays off, in addition to paid vacation. The domino effect.

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Fringe Benefits: What Are They and How Are They Helpful

HR Digest

Fringe benefits are the additional compensation that companies offer to an employee, over and above the salary for doing a particular work. Fringe Benefits Defined Fringe benefits are perks or extra compensation over and above regular salary. As an employer one needs to understand what fringe benefits are.

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Employment Regulations in Egypt

Global People Strategist

The contract-based employment opportunities in Egypt offer flexibility, while its cost-effective lifestyle allows employees to save a large chunk of their salaries. 3) Vacation: The law states that every Egyptian employee is entitled to at least 21 paid vacations every calendar year.