article thumbnail

White paper investigates ways to tackle soaring employee turnover rates

Employee Benefits

Employers can access the latest data, information and guidance to help them tackle the skills shortage and recruitment and retention challenges in a free whitepaper published by employee engagement and benefits and outsourced payroll solution provider HIVE360.

article thumbnail

September HR Update

Higginbotham

23, 2023, the IRS issued Revenue Procedure 2023-29 to index the contribution percentages in 2024 for determining the affordability of an employer’s plan under the Affordable Care Act (ACA). As a reminder, employers may use an affordability safe harbor to measure the affordability of their coverage. 15, 2023 – i.e. – by October 14.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Protect Your Company from High Employee Turnover

Achievers

Current statistics from Catalyst show that it costs an average of one-fifth of an employee’s salary to replace that person, which means that for a position paying $50,000 a year, your replacement costs will generally run over $10,000. To learn more, download our white paper on uniting your workforce with a positive company culture.

article thumbnail

5 Tips for Employees Who Are Relocating

Achievers

Employee engagement at work is very much determined by the type of environment and the people that populate said environment, so making sure your personal values align with those of your future employer, in both a cultural and business context is essential. These sites can help you get a feel of how much you’ll be spending per month.

article thumbnail

5 Startling Facts: Why Employee Feedback is Essential

Achievers

According to Deloitte research , employees value “culture” and “career growth” almost twice as much as they value “compensation and benefits,” when selecting an employer. Encouraging employee feedback is a way of granting your workers power that doesn’t require adding to their salary or granting promotions.

article thumbnail

Recruit Better: Employee Discount Programs and Taxes

HR Bartender

Jones] Employee benefits are typically any additional non-wage compensation provided to the employee beyond their typical salary or hourly wage. Traditional benefits include employer-offered healthcare, a 401(k) program, and vision benefits. What are benefits, perks, and discount programs? That includes employee discount programs.

Taxes 138
article thumbnail

The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually. Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold.