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Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

A Gallup report stated that the cost of replacing an employee could range from one-half to two times the employee’s annual salary. Consumer Affairs reported the top 5 reasons for quitting to be in search of better pay and better benefits, insufficient pay raises, unmet needs by their former employers, and pay inequality.

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Google Execs tell workers they won’t raise pay to match inflation

HR Digest

According to audio of an internal Google meeting obtained by CNBC, Google has made it clear to its employees that it will not raise salaries across the board in response to inflation. . Inflation and Employee Salary in The Tech Industry . The tech industry has grown exponentially throughout the past decade.

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Top 10 Benefits of Remote Working for Employers

HR Lineup

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. Easier Recruitment.

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An Employers Guide to Agile Compensation Strategies

Hppy

First, the employer has lost power. Due to the increase in pay grade information, the employees know how much money there is in the market, so they are not scared to ask for fair wages. Benefit from Studying HR Management because it focuses on principles, technologies, and methods that are used to improve the organization productivity.

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Workers in North West most likely to be researching pay rises online

cipHR

When it comes to researching the subject of pay rises, however, workers in the North West are the most prolific. Notably, 90% of the top 10 towns and cities (and over two-thirds of the top 25) have lower-than-average full-time salaries. March is also many employers’ year-end, with pay reviews often taking place around this time.

Salary 52
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5 Best Tricks To Enhance Employee Tenure In Remote Working

Vantage Circle

Employee tenure is the length of time an employee works for an employer. However, employers need to take extraordinary measures to enhance employee tenure in a remote job. Give generous starting salaries, and progressive pay raises : Maintaining a long, successful relationship with your remote workers can be challenging.

Payroll 78
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4 Ways to Avoid the Dreaded High-Turnover Rate

Achievers

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. High turnover is one of the major red flags job seekers look for when considering a new employment opportunity. The cost of employee turnover is outrageously high.

Pay Raise 105