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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. In her book Keeping the People Who Keep You in Business , Leigh Branham recommends companies actively work to retain key employees, at least the top 80 percent.

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Valentino agrees staff bonus deal and extends benefits

Employee Benefits

In addition, Valentino will pay the first month of voluntary paternity and maternity leave at 100% of an employee’s salary, instead of the legal 80%, and the second month will be paid at 80% instead of 30%. The 2023-2025 deal is in addition to the previously signed regulatory and economic agreement regarding reduced taxation objectives.

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HarperCollins agrees to pay increase and bonus for US staff

Employee Benefits

Book publishing business HarperCollins has reached an agreement with its US union, that includes a pay increase and bonus for employees. We will continue to use this space to educate the public on why unions are needed in book publishing and to advocate for our members’ needs.

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Employers brace for ‘talent exodus’ as people seek better pay

Workplace Insight

According to the survey by talent services company, Morgan McKinley for its 2023 Salary Guide , 56 percent of employees in the UK are looking to move jobs in the first half of the year, with 49 percent selecting better pay as the primary reason, followed by ‘better career growth and development opportunities’ (17 percent).

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The benefits offered by Fox Agency

Employee Benefits

Benefits on offer at Fox Agency: Pension Salary sacrifice pension arrangement; employees are automatically enrolled after three months’ service. Book allowance of £50 for employees to purchase books that will help further develop their understanding of technology, marketing, business to business, and/or their specific area of expertise.

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Pay Transparency a Step in the Right Direction, Study Finds

HR Digest

Gone are the days of hush-hush salaries and hidden bonuses. Companies like Whole Foods, Salesforce and Buffer are leading the way in promoting pay transparency by allowing employees to easily access salary and bonus information. A recent study provides solid data to support this argument.

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A Guide to Calculating Pensionable Earnings for Employers

Employee Benefits

It is the portion of the employee’s salary that is used to determine the pension contribution. Basic pay method This method involves using the employee’s base salary or wages, inclusive of holiday pay, but excluding additional earnings like overtime or bonuses. Book a demo of Penfold today.

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