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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality. This could include health benefits, time off, retirement assistance, etc.

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

Research by Glassdoor showed that 63% of employees look for new or additional benefits over a pay raise when scoping out job listings, highlighting the increasing value placed on non-monetary aspects of employment contracts. Here are some steps to guide your process: Assessment: Understand the needs of your workforce first.

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How to Design an Employee Benefits Program Effectively

Empuls

According to Glassdoor’s Employment Confidence Survey , about 60% of people report that benefits and perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise.