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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. 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.

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The Role of Employee Benefits in Talent Retention: A Comprehensive Guide for HR Professionals

Hppy

Furthermore – as reported by Gallup – 49% of employees are thinking about leaving their job, and only 27% would recommend their employer to others. Yet when they feel engaged at work due to great benefits programs, they are much less likely to seek a job with different companies in the next 12 months.

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How to Design an Employee Benefits Program Effectively

Empuls

As an employer, you are responsible for keeping your employees happy, motivated, and engaged. One of the ways to achieve this is by implementing an effective employee benefits program. Employee benefits programs are an integral part of any organisation's compensation plan. What are employee benefits?

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12 Strategies for Healthcare Employee Retention for Building a Stable and Satisfied Workforce

Empuls

Compensation :  Competitive salaries and benefits are crucial for retention. Tangible rewards, such as bonuses or pay raises, can complement non-monetary incentives like public recognition, additional vacation days, or opportunities to attend conferences and seminars.