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Employee retention strategies… the trick to keeping your talent

Employee Benefits

Employee retention is an ongoing theme for employers and HR professionals, and for good reason. It’s more cost-effective to invest in employee retention strategies than it is to attract, onboard and train new starts. Are you at high risk of high employee turnover? Creating an enviable company culture Values matter.

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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

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?

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How to Maintain Competitive Pharmacy Benefits Amid Rising Drug Costs

HR Digest

Now more than ever, employers must go beyond providing a paycheck and find creative ways to offer richer, more competitive benefits packages to attract and retain talent—but to do so without increasing their costs is becoming a significant challenge. Retain Talent with a Rich Pharmacy Benefits Package.

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4 ways to effectively communicate benefits

WEX Inc.

Increase communication One main reason why employees don’t understand their benefits is a lack of communication from their employers. If benefits information is only provided during open enrollment, employees may forget about their benefits package or not fully understand their options.

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The role of compensation and benefits in retaining employees

Hppy

One of the key ways to retain employees is through effective compensation and benefits packages. . The purpose of this article is to explore the role of compensation and benefits in employee retention, highlighting the importance of these factors and providing best practices for designing and implementing effective packages.

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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

It may yield ideas about what kinds of benefits to invest in, such as a better insurance plan rather than an on-site gym. Use caution Giving employees good benefits is almost always the right answer. Overspending on benefits is a surefire way to sour the experience. This tax only applies to the employee, not the employer.

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Get the best results from your benefit budget conversations

WEX Inc.

ROI of the investment Comparison of current benefit packages with your competitors The benefit budget conversation When the benefit budget conversation here, give the information you prepared and make the argument on why benefits cannot be reduced. Want to know more about benefits budget conversation?

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