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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

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3 Reasons You Need Financial Wellness in the Workplace

Best Money Moves

Ninety-one percent of employees surveyed in Morgan Stanley’s report have faced personal finance challenges, such as household budgeting, debt reduction and emergency and short-term financial savings. Both employees and employers noticed a decrease in work productivity and performance due to this personal financial stress.

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The role of compensation and benefits in retaining employees

Hppy

One of the key ways to retain employees is through effective compensation and benefits packages. . The purpose of this article is to explore the role of compensation and benefits in employee retention, highlighting the importance of these factors and providing best practices for designing and implementing effective packages.

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7 PEO benefits that can save you money

Insperity

A primary goal of the PEO relationship is to provide your employees with access to cost-effective, comprehensive benefits without the administrative and regulatory burdens that can be so overwhelming and costly. Here are seven key areas where outsourcing your HR challenges to a PEO can help you save money: 1.

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17 Essential Employee Benefits Ideas to Boost Morale and Productivity

Empuls

While salary and wages are important, they are only one part of the equation when it comes to attracting and retaining talented employees. Providing a comprehensive benefits package is essential for keeping employees happy, healthy, and motivated.

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10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences.

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Federal tax reform: 5 HR must-dos for every business

Insperity

If you’re not planning to hire more employees, you may be able to give raises or one-time bonuses that will help retain employees. When you share the bounty with the people who keep your business going and growing , you improve employee retention, which can help keep your company’s momentum rolling and build loyalty among employees.

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