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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. Compensation and Benefits Appropriate compensation for the work done is a key component of many employee retention strategies. This is why employee retention strategies are important.

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Types of Compensation: Everything HR Needs to Know

HR Lineup

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.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

A Comprehensive Guide to Total Rewards (And How to Master It). How to approach a Total Rewards Strategy that ensures benefits for both employees and employers. Total Rewards is a term often thrown around in the HR world, but not everyone is familiar with what it entails and how it can benefit an organization. Let’s begin!

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