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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

employees quit their jobs in a year, indicating an average of 4.2 With numbers as big as these and burnout at an all-time high, it becomes increasingly important to take employee retention strategies seriously and explore what they can do to connect with their employees. How to Improve Employee Retention?

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How inflation affects pay raises

Business Management Daily

Even with an inflation increase, employees are likely to seek better compensation if they feel their skills aren’t being rewarded. One way to combat this flightiness is with employee retention bonuses (ERB). Basically, ERBs are used to keep key employees from leaving the company.

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What is Employee Retention?

Abel HR

In this article, we’ll discuss what is employee retention and why it’s important to any venture, big or small. We’ll also tackle a few ways to retain employees in your organization better. What Is Employee Retention? Before anything else, let’s clarify this – what is employee retention?

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10 benefits to push for when a pay raise isn't on the table

Employee Benefit News

If your company has a tight budget, here are some valuable benefits that supplement your salary.

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What’s a merit increase, and should your business use them?

Business Management Daily

For a pay raise to qualify as a merit increase, it must be performance-based and provide a permanent increase to a worker’s base salary. Most organizations have merit increase programs where they provide regular salary increases based on an employee’s performance. What is a Merit Increase?

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Improving Employee Financial Wellbeing in the Face of Economic Uncertainty

Employee Benefits

If you are an employer or HR manager, your responsibility extends to assisting your workforce in mitigating financial stress and ensuring their mental wellbeing. In fact, about 43% of employers believe implementing a financial wellbeing strategy significantly influences employee retention.

Pension 98
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The Neuroscience of Employee Engagement

Achievers

Usually triggered by lack of feedback or line manager interactions, it can be fixed through continuous, positive feedback. Achievers recently released Listen , where employees can provide feedback to management on their day-to-day issues via check-ins and pulse surveys. Access to constant feedback is now real. And it works!