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The pros and cons of an unlimited PTO policy

Business Management Daily

He likely, though, would have thought somebody in human resources was pulling his leg if presented with the notion of unlimited paid time off (PTO). As companies look for ways to attract top talent and improve retention rates, unlimited PTO is a reality at many organizations. What is an unlimited PTO policy?

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2024 Employee Benefits Trends: Focus on Employee Wellbeing

Best Money Moves

4 Top 2024 Employee Benefits 1. Financial wellness programs Financial health is one of the most important aspects of employee well-being and productivity. A study from the American Psychological Association (APA) found that 72% of Americans report stressing about money at least some of the time.

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The importance of work life balance and how employers can improve it

Business Management Daily

A variety of replacement terms evolved to try to better describe what work-life balance means — work-life rhythm, work-life blender, and work-life integration, to name a few. These labels reflect the notion that one’s personal life and work duties exist together. They want PTO to attend to their mental well-being.

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Examples of fringe benefits by category

Business Management Daily

Other options like work-from-home stipends and cell phone plans keep existing employees happy, reducing turnover and boosting productivity. Finding employee fringe benefits The field of workplace perks has become an industry of its own. Time off is the closest thing we have to free money.

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Burnout: How to Identify and Avoid It on the Job

Achievers

has a burnout problem: 76% of employees experience burnout on the job, while 28% feel burned out “very often” or “always.” Despite these numbers, 59% of employees are taking less time off than they normally would due to the pressures of our new normal, and 42% of employees working from home are not planning to take any time off to decompress.

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How to define and address excessive absenteeism at work

Business Management Daily

However, some employees take things too far and veer into excessive absenteeism. When employees start racking up excessive absences, particularly a large number of unscheduled absences, it can greatly disrupt their team’s operations and your business’ profitability. What is not considered excessive absenteeism at work?

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15 Ideas for an Unforgettable Employee Appreciation Day

Achievers

Are you ready for employee appreciation day? It takes place on the first Friday of March every year, and it’s a great opportunity to show your employees how much you value them. When employees feel appreciated, they perform at their best and are less likely to leave. Donate to your employees’ favorite charities.