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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? Take our Retention Risk Assessment here.

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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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4 ways to effectively communicate benefits

WEX Inc.

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. How can your benefits messaging cater to your employees through benefits education? It is not legal or tax advice.

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How to Maintain Competitive Pharmacy Benefits Amid Rising Drug Costs

HR Digest

workers who switched jobs in the last year are already on the hunt for a new role — with many citing better benefits as a top reason they are seeking new employment. Recent projections show prescription drug spend growing by over $110 billion by 2024, imposing a financial burden on employers and their members.

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

Business Management Daily

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Social security and workers’ comp, for example, aren’t usually bonus options and so are not considered fringe benefits.

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Get the best results from your benefit budget conversations

WEX Inc.

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. Want to know more about benefits budget conversation?

Taxes 52
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Small business HR outsourcing options

Business Management Daily

There are so many moving parts to keep track of including changing employment laws and differing employee needs. Small businesses often can’t even justify or afford to have their own HR department, but payroll , performance management , and benefits administration all still need to happen. What is HR Outsourcing?