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

HR Lineup

FEBRUARY 1, 2024

Compensation goes beyond just the salary paid to employees and includes various elements designed to reward and recognize their contributions. It forms the foundation of an employee’s compensation package and is often influenced by factors such as experience, education, and market rates for similar roles.

Bonuses 60

Bonuses Commissions Salary Overtime 60

Vantage Circle

NOVEMBER 30, 2022

According to Glassdoor's 2015 Employment Confidence Survey : 60% of people report that benefits & perks are a major factor in considering whether to accept a job offer. The survey also found that 80% of employees would choose additional benefits over a pay raise. Not just salary. Not just salary.

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. ESOP plans provide tax advantages to both the company and the employees.

401(k) 52

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

Vantage Circle

JULY 13, 2021

How to approach a Total Rewards Strategy that ensures benefits for both employees and employers. It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. As an employer, you probably put a lot of effort into analyzing your workforce and the performance of your employees.

IT 52

IT Bonuses Employee Retention Benefits Package 52