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What Hourly Workers Really Want (It Might Surprise You)

Achievers

They often take fewer vacations, have worse benefits, and are passed over for promotions compared to their salaried counterparts. However, many hourly employers don’t offer much PTO if they offer it at all. This kind of constructive feedback will enhance an employee’s work. This isn’t surprising.

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What employees expect from benefits packages

Business Management Daily

Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. Rather, their employee benefits package puts them together under PTO (paid time off). Generous PTO certainly can excite prospective candidates and existing employees.

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5 Ways To Create the Perfect Compensation System

Hppy

As a result, businesses must choose between constructing their own compensation management system, continuing to use Excel with all of its limits and risks, or using a web-based (SaaS) best-of-breed solution. When will salary changes and review processes be implemented? Unlimited PTO. Stock options/equity. Matching 401k.

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BambooHR Review & Deep Dive

Bayzat

Users highlight the ability to monitor various aspects, such as PTO, anniversaries, birthdays, and employee availability. Bayzat streamlines the entire payroll process, from calculating salaries and deductions to generating payslips and facilitating direct deposits. Bayzat presents some intriguing alternatives.

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Recommendations for writing job descriptions to attract good talent

Business Management Daily

Construct the job title carefully. Providing a salary range enables applicants to judge whether or not the two of you have a chance of being on the same page. Job seekers need to be able to find your job opportunity among the multitude out there and be convinced the role suits their background and desires.

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How to calculate employee turnover rate

Business Management Daily

According to a poll by Gallup, it costs 2x an employee’s annual salary to replace them instead of retaining them. On average, though, organizations should fall into the range of 12 – 20% , which qualifies as a healthy turnover rate for most industries (barring hospitality and construction).

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Get employee engagement right to improve retention

Business Management Daily

In reality, the businesses that keep their best employees happy and engaged spend more time and money investing in their people—not just with salaries, but with incentives and carefully planned employee development programs. Offer more PTO. They mistakenly assume that providing a job is all there is to employee experience.