HR Digest

DECEMBER 2, 2023

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. Here, other forms of monetary compensation are useful as well.

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

Vantage Circle

NOVEMBER 30, 2022

The survey also found that 80% of employees would choose additional benefits over a pay raise. When looking for a new job, any self-respecting employee would look at the complete benefits package. Not just salary. Many of these benefits will comprise something called "fringe benefits."

PTO 105

PTO Profit Sharing Plan Bonuses Paid Leave 105

Vantage Circle

SEPTEMBER 16, 2021

It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). In other words, an ESOP plan is an employee benefit program , somewhat similar to a profit-sharing plan. What's the Difference Between 401k Plans and ESOP? times higher than 401(k)s.

401(k) 52

401(k) Employee Stock Option Profit Sharing Plan Taxes 52