article thumbnail

4 Top Benefits Trends for 2022

Best Money Moves

Additionally, 75% of American employees say they have struggled with anxiety caused by COVID-19 and other world events while working from home. While some workforces have been wary of flexible work solutions, allowing employees to work from home does not equate to a loss in productivity.

article thumbnail

7 ways to support employees during economic inflation

Insperity

Of course, there’s always the option of raising salaries commensurate with inflation. However, from employers’ perspective, the cost of living doesn’t necessarily equate with the cost of labor – and it’s the latter that determines salaries. Allow employees to work from home (if you don’t already).

401(k) 86
Insiders

Sign Up for our Newsletter

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

article thumbnail

Selecting a Pay Strategy for Remote Workers

Abel HR

Further, 71% said that they would be willing to “take a salary below the market average” in exchange for remote work options and 77% said they would do the same for flexible working hours. What really matters, though, is that compensation programs are competitive, consistent, and fair.”

article thumbnail

How to Improve Motivation in the Workplace: 13 Effective Ways

Empuls

A range of factors like – how they feel about the work they do in the workplace, how they think about their salary and compensation when compared to others in the industry, what they think about the processes in the organization, how respected they feel around their colleagues and managers, etc.,

Health 98
article thumbnail

How to Prepare the Millennial Workforce for Management Positions

SnackNation

Over half report career trajectory as the main attraction in an employer, with salary coming in second. Millennials want to make a difference , not just earn a paycheck, and believe that their workplace is the best opportunity to influence positive change on a larger scale. Offer work-from-home Fridays or set “flex schedules.”.

article thumbnail

A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

It includes the money paid to employees in wages, salaries, bonuses, perks, and other intangible benefits. In a total rewards system, compensation comprises base salary and extra benefits that come under variable pay. A salary increase is necessary but not sufficient to recruit and retain talented employees. Compensation.

IT 52
article thumbnail

How to retain employees and thrive during the Great Resignation

Insperity

Although most of the categories below can be included in a retention strategy, the big three to think about are: Competitive salaries and benefits – Review your salary structure , bonus programs employee benefits and other employee recognition programs to see where you have room to make improvements.

PTO 103