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5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

The cost of replacing an employee can range anywhere from six to nine months’ salary, according to data from SHRM. Offering the service of financial coaches adds a personal touch to the offered benefits and lets employees know that their specific needs are met. Retain and attract top talent with these 5 standout benefits.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

  But where exactly does each chunk of your hard-earned salary end up?    This isn't just a budgeting question – it's a question of understanding your financial reality.   Even the most rational person can fall victim to decision fatigue, leading to financial choices they might regret later. 

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Financial Wellness Series Part Three – The Link Between Financial Stress, Health and What Employers Can Offer to Have an Impact

AssuredPartners

Some of the increased health concerns reported [3] : Back Pain (51%) Headaches (44%) Insomnia (39%) Blood Pressure (33%) Stomach Ulcers (27%) Heart Attacks (6%) Severe Anxiety (29%) Severe Depression (23%) Financial stress takes a toll on health and trickles into our overall lifestyle and well-being. Reduced pressure to increase salaries.

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How HR Can Help Employees Facing Financial Hardship?

Hppy

These programs not only support individuals in managing their day-to-day finances but also contribute to their long-term financial security. Flexible Compensation and Benefits HR can explore flexible compensation options such as advances on salaries or the ability to cash out unused paid time off (PTO).

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Strength Through Financial Wellness

Flimp Communications

There are five basic contributors to financial wellness. Financial counseling , especially from professionals, can help people understand and manage the first two. What employers offer for insurance and benefits packages is crucial for long-term financial wellness as retirement accounts and employer contributions come into play.

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It’s a Match! How to Create an Equitable Compensation System That Fits You

HR Digest

Apollo Technical reports that 39 percent of those considering job changes are motivated by higher salaries. An equitable compensation program guide and creating fair salary structures is important for the LGBT community as well, who makes up 7.1 Those who feel unfairly compensated move on. Gender is not the only discriminating divide.

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Prioritize Financial Well-being in the Workplace

Empuls

In an uncertain political and economic climate, where a sizeable proportion of the global workforce faces in-work poverty, the standard wages offered by companies aren't enough to alleviate the financial strain on employees. 💡 71% feel the cost of living is outpacing growth in their salary or wages.