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. In her book Keeping the People Who Keep You in Business , Leigh Branham recommends companies actively work to retain key employees, at least the top 80 percent.

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. These phantom shares are credited to the company's books.

401(k) 52

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

Vantage Circle

JULY 13, 2021

Chapter 7: Some Useful Resources and Books on Total Rewards. It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc.

IT 52

IT Bonuses Employee Retention Benefits Package 52