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How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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Improve Employee Retention in 2022: Utilize Financial Wellness Benefits

Best Money Moves

Improve employee retention in 2022: Utilize financial wellness benefits. Financial stress is an increasing contributor to high employee turnover and now, more than ever, your team needs relief. So, helping your employees tackle their stress can keep your retention up — and battling financial stress specifically is key. .

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For Retention, Reducing Financial Stress is Key

Best Money Moves

The Society for Human Resource Management (SHRM) estimates that the average replacement cost of a salaried employee is six to nine months’ salary. That means that an employee earning $60,000 per year costs around $30,000 to $45,000 to replace. . So, how can you increase employee retention?

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4 Top Benefits Trends for 2022

Best Money Moves

Additionally, 75% of American employees say they have struggled with anxiety caused by COVID-19 and other world events while working from home. Here are 4 of the top employee benefits trends to keep in mind for 2022. Employers are trying to combat this in 2022 by shifting to personalized benefits.

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3 Reasons You Need Financial Wellness in the Workplace

Best Money Moves

More than 4 in 5 employees believe that employers should be involved in helping employees understand how to maximize their financial benefits, while 95% of HR executives say that re-evaluating their companies’ 2022 benefits package is a moderate to high priority.

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Top Uses for Specialty Accounts

Benefit Resource Inc.

We will show you how you can create similar benefits plans for your company or something completely unique ! But first, let’s give a high-level overview of what makes these accounts different and why your employees will love them! Set Your Benefits Package Apart. Download Flyer. NEW Plan Design Options.

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4 Factors Driving the Great Resignation (And What You Can Do to Help)

Best Money Moves

Here are 4 key factors driving this great resignation — and what you can do to keep your employee retention high. Widespread and long-lasting employee burnout. Adding financial wellness to employee benefitspackages is one way to both lower overall stress and increase retention.

Finance 93