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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 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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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.

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Compensation Plan Template Samples For Workers

HR Digest

A compensation plan template is used by the organizations to reveal the salaries, perks, benefits, bonuses and other associated settlement that will be offered to the employee. Vacation/Holiday/Leave compensation: The workers will be offered 2 days' holidays every month as part of casual leave which is paid.

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Costa Rica Employment Laws for Ex-pats

Global People Strategist

All employees in Costa Rica are entitled to paid vacation days. The number of vacation days you are entitled to depend on how long you have been employed. After one year of employment, you are entitled to 2 weeks of paid vacation. Sick Days and Maternity Leave. The Social Security Institute pays the other 50%.