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Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employee recognition programs to see where you have room to make improvements.
As a result, increasing numbers of employees consider their wellness to be equally important as traditional priorities such as job stability, salary and benefits. The COVID-19 pandemic and all the stressors placed on workers during this tumultuous time have highlighted how critical mental health , work-life balance and overall wellbeing are.
And, with the prevalence of remote work, many employees have become accustomed to greater workplaceflexibility that enables them to enjoy increased autonomy over where, when and how they work as long as they meet deadlines and quality standards. If so, is their salary still appropriate or are you underpaying them?
Employee leave Paid time off (PTO) is among the most popular and sought-after employee benefits, giving employees time to rest and recharge, attend to personal obligations, spend time with their families and take vacations. Most employers offer their employees PTO – usually between 10 to 14 days per year at minimum.
Over half report career trajectory as the main attraction in an employer, with salary coming in second. Millennials want to make a difference , not just earn a paycheck, and believe that their workplace is the best opportunity to influence positive change on a larger scale. Offer flexibility, not just pay incentives.
Reviewing policies about leaves and paid time off (PTO). And, with the prevalence of remote work, many employees have become accustomed to greater workplaceflexibility that enables them to enjoy increased autonomy over where, when and how they work as long as they meet deadlines and quality standards.
What is driving workplaceflexibility? Salary and benefits are still important, but higher numbers of U.S. employees cite their physical and mental health, wellbeing and work-life balance – directly associated with workplaceflexibility – as their top concerns. Benefits and challenges of a flexibleworkplace.
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