HR Digest

DECEMBER 2, 2023

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

Employee Retention 96

Employee Retention Salary Health and Welfare 401(k) 96

Vantage Circle

JUNE 16, 2021

Are you looking for a different way to compensate your employees? If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. Types of Profit-Sharing Plan.

401(k) 52

401(k) Profit Sharing Plan Retirement Plan Bonuses 52

Achievers

OCTOBER 20, 2020

Sixty-nine percent of employees cite recognition and rewards programs as motivation to stay at their current job. And organizations that rate their culture of recognition highly are three times more likely to see increased employee retention and over twice as likely to see increased employee engagement. Profit sharing.

Employee Incentives 260

Employee Incentives Profit Sharing Plan 401(k) Bonuses 260

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. ESOP plans are one of the best ways of employee retention and loyalty.

401(k) 52

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

Vantage Circle

SEPTEMBER 26, 2021

In most cases, phantom stock programs are a combination of employee stock options and a compensation program. That makes it an incredibly effective employee retention strategy. Are phantom stock plans subject to Erisa? Qualified plans under the 401(k) plan are subject to all rules and regulations of ERISA.

Employee Stock Option 52

Employee Stock Option 401(k) Taxes Bonuses 52