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. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. Here, other forms of monetary compensation are useful as well.

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. HR professionals play a crucial role in benchmarking salaries against industry standards, ensuring internal equity, and addressing any pay disparities within the organization.

Bonuses 60

Bonuses Commissions Salary Overtime 60

Vantage Circle

JULY 13, 2021

It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. Examples of extrinsic rewards include pay, bonuses, incentives, and gift cards. They're not tangible rewards like bonuses or pay rises. What are Total Rewards in HRM? "Total Compensation.

IT 52

IT Bonuses Employee Retention Benefits Package 52