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

Hppy

DECEMBER 25, 2023

As you can see, retaining key players in your team means more than just paying competitive salaries. Take tech giants like Google for instance; they famously provide their staff with free meals, gym access, unlimited paid leave time amongst other perks resulting in lower turnover rates compared to average technology firms.

Employee Benefits 45

Employee Benefits Benefits Package 401(k) Parental Leave 45

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

Empuls

MAY 7, 2023

Employee benefits are a set of incentives, perks, and privileges an employer provides to their employees in addition to their regular salaries and wages. The survey also found that 80% of employees would choose additional benefits over a pay raise. What are employee benefits?

Employee Benefits 40

Employee Benefits Parental Leave Health Insurance Benefit Providers 40

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

Genesis HR Solutions

JUNE 17, 2021

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.

401(k) 52

401(k) Payroll Payroll Service Taxes 52

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