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White paper investigates ways to tackle soaring employee turnover rates

Employee Benefits

Employers can access the latest data, information and guidance to help them tackle the skills shortage and recruitment and retention challenges in a free whitepaper published by employee engagement and benefits and outsourced payroll solution provider HIVE360.

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7 Reasons Why Your Company Needs an Engaged Workforce

Achievers

Glassdoor and other review sites are a source of continuous conversation on social media, and everyone knows which employers are the rock stars. You’ve seen the alarming statistics on the cost of replacing employees : replacing a worker can cost you anywhere from tens of thousands of dollars to twice the departed employee’s salary.

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How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. To learn more, download our white paper on uniting your workforce with a positive company culture.

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September HR Update

Higginbotham

23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentages in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). As a reminder, employers may use an affordability safe harbor to measure the affordability of their coverage. 15, 2023 – i.e. – by October 14.

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5 Biggest Challenges for HR Leadership Teams

Achievers

Absenteeism costs the country’s employers about $225 billion annually , and that’s only the amount from lost productivity. In the United States, employee turnover costs an estimated $160 billion , and losing one individual employee may come with a price tag of six to nine months’ worth of the person’s salary.

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5 Tips for Employees Who Are Relocating

Achievers

Employee engagement at work is very much determined by the type of environment and the people that populate said environment, so making sure your personal values align with those of your future employer, in both a cultural and business context is essential. These sites can help you get a feel of how much you’ll be spending per month.

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5 Startling Facts: Why Employee Feedback is Essential

Achievers

According to Deloitte research , employees value “culture” and “career growth” almost twice as much as they value “compensation and benefits,” when selecting an employer. Encouraging employee feedback is a way of granting your workers power that doesn’t require adding to their salary or granting promotions.