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How HR can give your company’s employee retention strategy a boost

Insperity

It’s the question employers are constantly asking: How do I get my employees to stay for the long term ? But did you realize that your human resources (HR) team could be one of your greatest assets in keeping employees around? There are lots of tips out there for guiding managers in retaining their direct reports.

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Your HR budget: 6 line items to prioritize right now

Insperity

Higher salaries for existing employees According to a Willis Towers Watson (WTW) survey that garnered approximately 28,000 responses from companies in 135 countries, including 1,550 U.S. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. 6 HR budget items to prioritize 1.

Salary 101
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Employee Recognition: How Can It Help Counteract The Effects Of A Crisis?

Vantage Circle

The most crucial step in creating a rewards and recognition program is choosing the values the organization wants to honor, after which convenient ways for employees to uphold these values must be developed. Emphasize Workplace Flexibility. Here are some actions that any company can take to boost employee retention rates.

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4 Top Benefits Trends for 2022

Best Money Moves

Allowing employees to work from home and have flexible schedules is another way for employers to prove they are listening to the needs of their employees. In a recent PWC survey, over half of the employees surveyed responded that they would want to work remotely three days a week or more.

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4 Attraction and Retention Trends to Monitor in 2023

CorpStrat

While most employers project an increase in salaries in 2023, many will look beyond pay alone to help attract and retain current and prospective employees. While workplace flexibility is not always feasible, employers can evaluate their own situations and consider ways to develop flexible arrangements.

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8 HR KPIs to measure in a post-pandemic workplace

Insperity

In addition to recruitment costs, salary offsets for employees who live in areas with a lower cost of living could represent a savings on the balance sheet over time. For example, a hire in California may command a $100,000 salary, but a comparable hire in Tennessee may only cost $60,000. Employee retention.

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Is your employee quiet quitting? Here’s your action plan

Insperity

As employees become increasingly fed up with some aspect of their job or company, they may withdraw from others and withhold discretionary effort, instead just doing the bare minimum to get by without attracting too much negative attention. When you have an employee quiet quitting, it’s not just employee retention that potentially suffers.

PTO 113