Remove Benefits Package Remove Employment Remove Salary Remove Technology
article thumbnail

Buyer’s guide to flexible benefits technology

Employee Benefits

What is flexible benefits technology? Earlier in the evolution of employee benefits, organisations would provide a static set of rewards. These benefits would likely be communicated via letters or total reward statements, sent out to staff at certain intervals.

article thumbnail

Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employees now rank healthcare as more important than salary.

CorpStrat

Employees are now ranking healthcare as more important than salary increases. With healthcare insurance premiums rising again this fall, employers are faced with a unique challenge: revisiting the balance between salary increases, compensation, and benefits. Revisit your benefits package. Go Digital.

Salary 52
article thumbnail

Beyond Salary: Strategies to Attract and Retain Top Talent In the UAE

Bayzat

And in highly complex and dynamic industries, such as technology or management, they can be even 800% more productive. This mismatch between salary expectations and market realities often results in employers struggling to fill job openings or retain existing talent.

Salary 52
article thumbnail

56% of staff rely on workplace benefits to buy essential items

Employee Benefits

More than half (56%) of employees rely on workplace benefits to purchase essential items, a 31% increase from the previous year, according to research by Blackhawk Network (BHN) Extras. The employee benefits provider. Paying a fair salary is not enough. Younger generations are frustrated with current benefit packages.

article thumbnail

Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

To overcome this challenge, you need to do everything you can to make your company stand out in ways that your competition simply can’t match; offering a comprehensive benefits package is one of the best ways to reach that goal. While salary is still important (we all have bills to pay!),

article thumbnail

Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” ” In the next pages, we will explore the changing world of employee benefits. Employee benefits are the indirect and non-cash compensation paid to an employee.