Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 18, 2022

In this episode of The Proskauer Benefits Brief, Proskauer partner David Teigman , senior counsel Nick LaSpina , and special guest Michelle Garrett , a principal at the compensation consulting firm Semler Brossy, discuss employee retention. David Teigman: Today, I wanted to talk about employee retention.

Employee Retention 52

Employee Retention Bonuses Executive Compensation Consulting 52

Hppy

JULY 5, 2023

Employee abandonment rate is a serious bane of the business world , and while it’s not always easy to prevent it, you could use more than a few tools to make them stay. Some would argue that HR and finance are two departments that play the biggest role in employee retention (other than individual teams and team leaders).

Finance 36

Finance Employee Retention Salary Bonuses 36

Hppy

MAY 13, 2021

A company’s employees are its most valuable asset, its competitive advantage and usually its biggest expense. Retaining employees will always come with a cost, but failing to do so can incur an even bigger one. Understand Incentives to Increase Employee Retention. Training and Professional Development Opportunities.

Employee Retention 36

Employee Retention Work From Home Consulting Software 36

Insperity

FEBRUARY 5, 2019

Employee retention strategies are critical to the health your company. When a star employee submits their two-week notice, that momentum is shattered. Businesses with 500 employees or less constituted 99.9 So what can you do to keep your best employees around longer? Every team member is essential.

Employee Retention 82

Employee Retention Human Resources Recruitment Consulting 82

Employee Benefits

JUNE 7, 2023

In order to position itself as an employer of choice, UK-based engineering consultancy Roq offers its workforce a range of benefits to attract and retain top talent. When reviewing its benefits each year, Roq asks employees what matters most to them, so that their opinions directly influence what is included.

Employment 59

Employment Banking Pension Consulting 59

Insperity

MAY 15, 2018

Bureau of Labor Statistics, 31 percent of all worker injuries fall into the category of sprains and strains, with employees needing on average 12 days to recuperate before returning to work. These illnesses and injuries cost employers in absenteeism, lost productivity and, quite often, higher insurance premiums. Making ergonomics fun.

Employee Retention 62

Employee Retention Education Consulting Professional Employer Organization 62

WEX Inc.

MAY 24, 2023

Often, employees feel confused about their benefits plans options, especially if their employer is using “complicated HR jargon” in their benefits messaging. How can your benefits messaging cater to your employees through benefits education? They don't have background on it and then it's scary and daunting.”

Flexible Spending Account 97

Flexible Spending Account Health Savings Account Benefit Providers Flexible Spending 97

HR Bartender

DECEMBER 12, 2023

In her role, Carrie works with clients to develop strategies that ensure compliance and risk mitigation when it comes to benefits and employment practices. That will free up HR to have more meaningful and impactful employee interactions. Carrie, thanks for being here. Should HR pros be concerned about AI replacing them? Why or why not?

Human Resources 150

Human Resources Government Technology Commissions 150

WEX Inc.

JANUARY 26, 2020

With unemployment at its lowest level in nearly half a century, employers must be at the forefront of offering innovative and sought-after benefits, including "soft" benefits. Core benefits will always play an important role in an organization's benefits strategy - but as times change, the modern workforce expects - and demands - more.

Voluntary Benefits 52

Voluntary Benefits Employee Retention Employment Consulting 52

HR Digest

DECEMBER 12, 2018

Both employers and employees are usually confused on the subject and begin to sort out whether the employers are to pay a Christmas bonus or not. As the name implies, it’s one-time payment employees receive in addition to their normal salary during the Christmas period. Must employers pay a Christmas bonus?

Bonuses 66

Bonuses Employment Salary Employee Retention 66

Higginbotham

FEBRUARY 27, 2024

To produce their best work, your employees may need assistance with a wide range of issues – from mental health and substance abuse counseling to childcare and legal matters. By offering employee assistance programs (EAPs), employers can help support employees and their family members while fostering a productive company culture.

Utilities 52

Utilities Consulting Retirement Plan Medical 52

PeopleStrategy

FEBRUARY 7, 2024

Invest in New Technology While there can be startup costs for technology investments, new technology enables employers to automate manual processes and reduce human error. Simply going by seniority, employee status, merit, or skills is not cut and dried.

Utilities 52

Utilities Human Resources Payroll Employee Retention 52

Empuls

SEPTEMBER 28, 2023

Yet, behind the allure of cityscapes and rolling hills, there's a pressing concern that affects both employers and employees alike: the ever-evolving cost of living. This concern has given rise to a crucial conversation in the realm of compensation and benefits - the concept of cost of living bonus for employees.

Bonuses 40

Bonuses Employment Transportation Taxes 40

WEX Inc.

JUNE 21, 2023

In fact, a 2020 survey showed 51% of employers surveyed have formalized a DEI strategy for their company and 44% have made changes to their hiring policies. DEI can benefit a company from many different aspects, and investing in DEI hiring strategies can broaden the talent pool and increase employee retention.

Parental Leave 52

Parental Leave Taxes Employee Retention Utilities 52

InterWest Insurance Services

NOVEMBER 10, 2022

While this form of medicine seems like it’s here to stay, there are other technologies that employers can look to include in their group health plans to help employees get the most out of their benefits, better manage their health and make more informed decisions about care. Schedule video consultations with a specialist.

Technology 98

Technology Medical Healthcare Employee Retention 98

WEX Inc.

AUGUST 16, 2023

Increase profitability, work quality, employee productivity, and employee retention rates. These are just a few of the potential benefits businesses experience with highly engaged employees. Employers/HR professionals should analyze the data from the employee surveys to align with the goals of the survey.

Taxes 52

Taxes Benefit Providers Human Resources Employee Retention 52

Business Management Daily

OCTOBER 23, 2023

There are so many moving parts to keep track of including changing employment laws and differing employee needs. Human resources outsourcing is the practice of using an external party, often a consultant or HR outsourcing organization, to manage HR functions for your business. What is HR Outsourcing?

Human Resources 52

Human Resources Payroll Consulting Software 52

WEX Inc.

JUNE 7, 2023

An EVP is a unique set of offerings, benefits, and opportunities that an employer provides to its employees in exchange for their skills, expertise, and commitment. It represents the value proposition an organization presents to both current and prospective employees, highlighting what differentiates it from other employers.

Taxes 52

Taxes Employee Retention Consulting Media 52

HR Digest

SEPTEMBER 24, 2022

An image of an employee handbook. Depending on where your company is located, you should have a set of legally required employee handbook topics that’ll act as a useful resource. You may also consult with your attorney to see what kind of information you could cover in the staff handbook. What is an employee handbook?

Pay Raise 105

Pay Raise Human Resources Employee Retention Consulting 105

Achievers

NOVEMBER 1, 2016

One-third of all employees know within the first week at a new job whether they will stay with the company for the long term. Your onboarding process should be built with employee retention as one of its primary objectives. Help your employees reach toward the future. Make room for personal work styles.

Employee Retention 180

Employee Retention Employee Recognition Work From Home Consulting 180

HR Lineup

JUNE 15, 2021

SP Tech INC is an IT Recruiting Agency and Firm specializing in IT management, consulting, and recruitment for your company. Consults from SP Tech first define what roles a company needs to fill. They also provide frequent training for employees who wish to upskill and stay relevant in their talent community. IT Training.

Consulting 52

Consulting Recruitment Employee Retention Software 52

HR Digest

AUGUST 24, 2022

workers who switched jobs in the last year are already on the hunt for a new role — with many citing better benefits as a top reason they are seeking new employment. Recent projections show prescription drug spend growing by over $110 billion by 2024, imposing a financial burden on employers and their members.

Benefits Package 52

Benefits Package Medical Healthcare Consulting 52

WEX Inc.

MAY 10, 2023

But employees remain top of mind for employers, with 55% of businesses saying they will not reduce salaries if there is a recession, and 47% saying they will not reduce benefits. That’s because benefits are critical for attracting and retaining talent. Many companies are recession-planning and looking for ways to cut costs.

Taxes 52

Taxes Education Benefits Package Salary 52

Benefit Resource Inc.

MAY 3, 2022

Although many companies offer wellness benefits of some kind, a Specialty Account for wellness and fitness allows employers to combine benefits into one plan for smooth implementation and ease of access. Employers can create their benefits plan in three simple steps. Next, the employer sets up the rules. Will funds rollover?

Food 75

Food Consulting Education Healthcare 75

Business Management Daily

APRIL 25, 2024

Employers are required by law to provide certain benefits to employees. Beyond that, however, fringe benefits can help employers sweeten the deal and make work a better place to be. Employers can use this to their favor by distinguishing themselves as a desirable place to work. Flexibility. Long-term impact.

Taxes 52

Taxes Retirement Plan Employee Stock Option Bonuses 52

15Five

APRIL 21, 2022

In a recent episode of the HR Superstars podcast , 15Five’s Chief Culture Officer, Shane Metcalf, was joined by First Person’s CEO & Founder, Bryan Brenner, and SVP & Consultant Paul Ashley to discuss the evolution of total rewards. bonuses, commissions) Long-term incentives (e.g. equity, stock options) Other compensation.

Compensation Equity 90

Compensation Equity Salary Bonuses Pension 90

HR Professionals Magazine

JULY 26, 2022

What is the relationship between inflation and employee benefits? Why would inflation be important when employers are considering impacts to employees? As always, working closely with your employee benefits consultant is the best course of action to navigate these unprecedented times. for 2019-28 and to reach $6.2

Employee Benefits 52

Employee Benefits Consulting Medical Employee Retention 52

Hppy

SEPTEMBER 19, 2023

From our conversations, we were able to get in-depth information and some tips and tricks about what you can do to employ international employees successfully. Visa and work permit requirements, tax regulations, and employment contracts vary across countries. This exposure fosters cultural understanding and a shared global perspective.

Employee Retention 41

Employee Retention Technology Human Resources Utilities 41

Business Management Daily

MARCH 20, 2023

He goes on to mention that he loves the interest the new employer shows in his career. Exit interviews like this are worthy, she reasons, but gathering employee feedback in enough time to potentially keep a high-performing worker from leaving would be much better. What motivates this valuable employee to come to work each day?

Human Resources 72

Human Resources Utilities Consulting Employee Retention 72

HR Digest

MARCH 26, 2024

It is the well-being of an employee within the workplace and in relation to it. With every passing generation, employees are becoming more particular about the kind of benefits an organization can offer them and companies that ask themselves and their employees “ Why is workplace wellness important? ”

Healthcare 88

Healthcare Telecommunication Insurance Food 88

AssuredPartners

OCTOBER 26, 2021

When we look back at the past 22 months, additional factors need to be considered and delved into when consulting with your contractor clients. If so, does that create any issues with employee retention or job schedules? The current and projected short-term economic performance are of importance as well.

Insurance 73

Insurance Employee Retention Consulting Employment 73

HR Lineup

APRIL 28, 2022

Every employer needs to treat their employees as valuable assets since they are the major contributors to their businesses’ productivity. Following this guideline will easily help you achieve your business goals and increase employee retention rates. . Importance of Empowering Employees.

Employee Recognition 83

Employee Recognition Bonuses Health Employee Retention 83

Employee Benefits

JANUARY 16, 2024

The Rewards and Benefits Association recently published a report that found that 64% of employers consider the cost of recruiting fresh skills to be a considerable financial risk over the next two years. Is becoming an employer of choice one of your ambitions for 2024? Employer branding as a talent attraction tool.

Salary 59

Salary Benefits Package Recruitment Employee Retention 59

HR Lineup

OCTOBER 25, 2023

ADP offers robust compliance features and a user-friendly participant portal, making it an attractive option for employers looking for a simplified administration process and employees seeking an accessible platform. They offer a wide selection of investment choices and exceptional support for both employers and employees.

401(k) 52

401(k) Retirement Plan Taxes Education 52

Business Management Daily

OCTOBER 2, 2023

Especially during these times of low unemployment, employers look for every advantage possible to attract and retain top talent. It contributes greatly to employee satisfaction, which leads to better employee retention rates. We advocate that you talk to your employees, perhaps via survey or ideally face to face.

Consulting 72

Consulting Benefits Package Banking Human Resources 72

Insperity

JUNE 9, 2020

There’s a reason why employee assistance programs (EAPs) have become such a popular part of benefits packages for employers and employees alike. According to the Society of Human Resource Management (SHRM) 2019 Employee Benefits Survey , 79 percent of employers reported offering an EAP.).

Benefits Package 73

Benefits Package Professional Employer Organization Human Resources Consulting 73

cipHR

AUGUST 21, 2023

In this comprehensive guide, we will delve into the intricacies of making a successful flexible working request and explore how a cutting-edge online HR system can streamline and enhance this process, ultimately fostering a more empowered and harmonious work environment for both employees and employers.

Software 52

Software Recruitment Work From Home Employee Retention 52