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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

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. Review popular employee retention strategies and why they work to retain key employees.

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16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]

SnackNation

16 Employee Perks Your Team Wants More Than a Pay Raise [Infographic]. 40% of respondents to Glassdoor’s Q3 2015 employment confidence survey said that they value health insurance more than a pay raise. There are perks that come with health insurance on the employer side as well. Healthcare Insurance.

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How much does a PEO cost?

Genesis HR Solutions

Technology —The other factor that’s becoming increasingly relevant is technology. More expensive technology platforms offer learning management systems (LMS) that provide online training, resource libraries, training tools for delivering an effective presentation, business writing, safety classes, etc. 401(k) enrollment.

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

Furthermore – as reported by Gallup – 49% of employees are thinking about leaving their job, and only 27% would recommend their employer to others. As you can see, retaining key players in your team means more than just paying competitive salaries.

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

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. State-of-the-art Technology. Retirement Plans.

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How to Design an Employee Benefits Program Effectively

Empuls

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. Employee benefits are a set of incentives, perks, and privileges an employer provides to their employees in addition to their regular salaries and wages. What are employee benefits?

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Top Employee Benefits & Compensation Ideas for a Diverse Workforce

Vantage Circle

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. The employer pays for the worker’s salary if the worker becomes disabled or is unable to work. State-of-the-art Technology.