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. 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.

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

SnackNation

MAY 13, 2016

16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. What they fail to realize is that for today’s worker, salaries are more of a threshold than a scorecard. But what perks really matter to employees?

Pay Raise 73

Pay Raise 401(k) Food Health Insurance 73

Vantage Circle

NOVEMBER 30, 2022

The survey also found that 80% of employees would choose additional benefits over a pay raise. Not just salary. In addition to the employee's salary and bonuses, an employer may pay it directly or indirectly. Timely And Frequent Bonuses. Life insurance. Disability insurance. Tuition assistance.

PTO 105

PTO Profit Sharing Plan Bonuses Paid Leave 105

Empuls

OCTOBER 4, 2021

"   -   Keith Reynolds PepsiCo By taking a total rewards approach - a combination of salary, benefits, incentives, rewards, and engagement- the whole shebang, focusing on all aspects of the employee’s wellbeing. Variable pay. Supplementary pay. Overtime wage. Paid leaves. Health Insurance. Legal benefits.

Bonuses 52

Bonuses Paid Leave Salary Benefits Package 52

Vantage Circle

AUGUST 23, 2018

These are benefits given over and above salaries and wages. Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. Below listed are some employee benefits which employees feel are better than pay raises: Health Insurance.

Employee Benefits 63

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Vantage Circle

AUGUST 23, 2018

These are benefits given over and above salaries and wages. Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. These are done through various methods like pension schemes, 401(k)s and more.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45