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. 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

JUNE 16, 2021

If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. In simple words, profit-sharing is a way to contribute a portion of your company's profit to your employees.

401(k) 52

401(k) Profit Sharing Plan Retirement Plan Bonuses 52

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. Not just salary. Retirement planning services. PTO is any time off that is compensated by an employer. Profit-sharing Plans.

PTO 105

PTO Profit Sharing Plan Bonuses Paid Leave 105

Vantage Circle

SEPTEMBER 30, 2021

If not, I highly suggest getting started with something simple yet effective, like the employee stock purchase plan or ESPP. An employee stock purchase plan allows employees to buy a company's stock at a discount. 69% of the employers. Stock purchase plans are a great tool to find and retain top talent.

Employee Stock Option 52

Employee Stock Option Taxes Deductions Deductible 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

Achievers

OCTOBER 20, 2020

Despite these data points, organizations are just starting to recognize that recognition is a critical tool for incentivizing employees: one in five employers started their recognition program in the last 12 months. Profit sharing. Bonuses and raises. employees prefer bonuses based on personal performance.

Employee Incentives 264

Employee Incentives Profit Sharing Plan 401(k) Bonuses 264