Employee Benefits

JANUARY 4, 2024

More than half (56%) of employers have offered financial remuneration to help employee retention during the cost-of-living crisis and staffing shortages, according to research by Peninsula Group. A quarter (26%) listed recruitment as their biggest challenge in terms of staffing, with pay increase requests ranked second at 22%.

Employee Retention 111

Employee Retention Pay Raise Employment Recruitment 111

Hppy

APRIL 9, 2021

Employee turnover is expensive on many levels to the employer. The average cost of replacing an employee is 21% of their annual salary. There is a certain degree of overlay between recruitment and retention incentives. That is why a solid physician retention plan is crucial in keeping star employees. .

Employee Retention 74

Employee Retention Pay Raise Salary Recruitment 74

Business Management Daily

SEPTEMBER 6, 2022

One might think inflation negatively affected employers as well—maybe interest rates were too high, or they lost too much money and couldn’t kick any down to workers—but that notion doesn’t hold up under scrutiny. Even with an inflation increase, employees are likely to seek better compensation if they feel their skills aren’t being rewarded.

Pay Raise 52

Pay Raise Bonuses Salary Food 52

HR Lineup

AUGUST 24, 2021

However, when COVID-19 set in, employers were forced to send their employees home to work from there. As a result, it was apparent to many employers that remote working could actually work, and employees could still be productive with proper management. 10 Best Benefits of Working From Home for Employers.

Employment 98

Employment Work From Home Pay Raise Transportation 98

Business Management Daily

APRIL 16, 2024

Retaining top performers has become a serious challenge for recruiters in recent years. As such, employers must do everything they can to attract and retain high-performing employees, and issuing regular merit increases is one of the best ways to do so. A staggering 50.6 What is a Merit Increase?

Merit Pay 52

Merit Pay Pay Raise Bonuses Salary 52

BerniePortal

DECEMBER 17, 2021

Inflation and a competitive job market with an amplified emphasis on employee retention. Employers should expect to see a demand for bigger pay raises in this new year, which can cause a lot of added stress and uncertainty when it comes to budgets and employee retention. The result?

Pay Raise 52

Pay Raise Employee Retention Work From Home Employment 52

Higginbotham

AUGUST 12, 2022

Employers aren’t just struggling to find skilled workers. High employee turnover is a problem for many companies, and it can have a wide range of negative effects. However, there are solutions that can help you attract quality workers and support your employee retention goals. What are the benefits of employee retention?

Benefits Package 52

Benefits Package Voluntary Benefits Employee Retention Pay Raise 52