Achievers

MAY 23, 2017

When a company loses a salaried employee, it can cost anywhere from six to nine months’ worth of the departed employee’s salary to hire a replacement. This means that if an employee is being paid $40,000 a year, the cost of everything from recruiting to training expenses will be around $20,000 to $30,000.

Pay Raise 105

Pay Raise Employee Retention Salary Banking 105

Vantage Circle

JULY 5, 2019

Financial Wellness Benefits that your employees want: Before delving into the financial wellness benefits let us have a look at a few statistics: 42% of employees say it’s likely they’ll need to use money in a retirement account for expenses other than retirement. 20% of Employees would Trade Pay Raises for Better Health Coverage.

401(k) 90

401(k) Finance Retirement Plan Education 90

Empuls

DECEMBER 18, 2023

Employees who feel appreciated for their role in maintaining quality are more likely to pay attention to detail and consistently meet quality standards. Employee retention The manufacturing industry often faces challenges related to employee turnover. What types of rewards are commonly used in manufacturing?

Manufacturing 40

Manufacturing Bonuses Pay Raise Construction 40

Empuls

OCTOBER 9, 2023

As per research by National Center for Biotechnology Information , Replacing a single nurse, for instance, can cost hospitals between $40,000 and $64,000, considering recruitment, training, and the temporary productivity dip as new hires get up to speed. Improve healthcare employees retention with Xoxoday Empuls.

Healthcare 52

Healthcare Employee Retention Family and Medical Leave Act Hospitality 52

Vantage Circle

AUGUST 23, 2018

Employees Prefer Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% employees aged 35-44 favor benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Improves Recruiting. Increases Retention.

Employee Benefits 63

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 63

Hppy

AUGUST 11, 2016

Failing to deal with stress can lead to high employee turnover rates, sending your recruiting and training costs through the roof. It also increases employee retention and productivity while reducing work-related stress. Develop your communication skills and find out what motivates each employee on your team.

Overtime 45

Overtime Work From Home Pay Raise Employee Retention 45

Vantage Circle

AUGUST 23, 2018

Employees Prefer Compensation and Benefits Over Pay Raise. Similarly, 89% of younger employees aged 18-34 and 84% of employees aged 35-44 favor employee benefits to pay raises. So, what non-monetary benefits can you provide to retain these employees? Improves Recruiting.

Employee Benefits 45

Employee Benefits Parental Leave Paid Sick Leave Benefits Package 45

Empuls

JUNE 20, 2023

It is translated as “employee loyalty” and bottomed on three factors that cultivate work commitment and contribute to employee retention : Ideal job Great boss Meaningful work Joe Mull nudges you to start an employalty movement in your company and make your workers committed to what they do. Need details?

Employee Recognition 52

Employee Recognition Pay Raise Employee Loyalty Employee Benefits 52

Vantage Circle

JANUARY 31, 2022

Higher Retention. High employee retention happens when employees feel connected to their work. So make sure the employee’s lifecycle is diversity-friendly. Start from the recruitment process. Employees should not face discrimination at work, from the first day till the day they leave.

Employee Wellness 98

Employee Wellness Employee Recognition Parental Leave Management 98