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Your HR budget: 6 line items to prioritize right now

Insperity

Higher salaries for existing employees According to a Willis Towers Watson (WTW) survey that garnered approximately 28,000 responses from companies in 135 countries, including 1,550 U.S. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. 6 HR budget items to prioritize 1.

Salary 105
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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 86
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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 102
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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 85
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How HR can give your company’s employee retention strategy a boost

Insperity

If your company lacks dedicated HR personnel or has a small HR team in need of support, a professional employer organization (PEO) can step in to enhance your employee retention strategy.

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8 HR KPIs to measure in a post-pandemic 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.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

These could include any number of services or programs that enhance employees’ quality of life and working conditions, ranging from educational assistance to achievement awards and options for greater workplace flexibility, including remote work. Managing employee benefits So, how do you: Select the right benefits for your workplace?