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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. 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.

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How Do Companies Determine Salary?

Take It Personel-ly

According to a 2018 Forbes analysis, wages have not kept up with inflation for nearly 50 years. If you’re a first-time employer, you’re probably feeling a bit stressed about determining the salary for your employees. This isn’t due to a lack of money. It’s due, instead, to poor financial management.

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Employment laws to watch in 2018

Insperity

Employment laws continue to evolve, and 2018 will usher in some big changes in two of our most populous states, California and New York. The HR world is abuzz with all the implications of implementing New York state’s paid family leave legislation and California’s ban-the-box law, both of which went into effect January 2018.

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Employers Prioritizing Enhanced Benefits in New Year, Not Cost-Cutting

InterWest Insurance Services

this year, the tight labor market is forcing employers to prioritize enhancing benefits over cost-cutting measures, according to a new report by Mercer. Also, with mental health a top concern for workers, employers are seeking out benefits and plans that include virtual mental health services to make it easier to access care.

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Cancer prevention and early detection: employer support

Employee Benefits

I think employers are increasingly aware that they need to protect their workforce; that their workforce is precious. And, considering the very likely potential that all workplaces will be impacted by cancer at some point, how can employers best support their workforces? How can employers best support their workforces?

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Kingfisher provides benefits security through bulk annuity purchase

Employee Benefits

Credit: ClimbWhenReady / Shutterstock In the UK, home improvement firm Kingfisher’s pension provision comprises a closed final salary section, with 28,000 deferred and pensioner members, and an open money purchase section, with 70,000 active and deferred members.

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Lancashire County Council ordered to pay £800,000 in discrimination case

Employee Benefits

An employment tribunal has ruled that Lancashire County Council must pay out more than £800,000 to a teacher who was made to reapply for her job while on sick leave with cancer and then sacked. In 2018, there was an internal restructure of the department Healey worked in while she was off sick.

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