HR Digest

MAY 29, 2024

Kroger’s 2023 financial report recently revealed that the Kroger CEO took a pay cut with a compensation package that was 18 percent less than in 2022. Kroger’s 2023 financial report saw total company sales of $150 billion USD in 2023 which included $2.7 This put the total compensation for the Kroger CEO at $15.7

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Bonuses and Incentives Comparison Compensation HR Software 52

Fond

JANUARY 24, 2023

Employee incentives and rewards are a type of benefit employers can offer to boost employee morale, reward good work, and recognize employees for their service. It’s a large category including things like cash bonuses, gift cards, discounts, service awards, charitable donations, swag, and other benefits.

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Bonuses and Incentives Planning Tools Employee Recognition HR Software 52

Zenefits

FEBRUARY 7, 2023

HR professionals and hiring managers often walk a fine line when it comes to employee compensation issues. If you are involved in the hiring process, you’ve probably already faced challenges with compensation structure and pay levels for existing and new hires. The Bureau of Labor Statistics (BLS) reported on Dec.

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Compensation Hiring Software HR Planning Bonuses and Incentives 36

Analytics in HR

OCTOBER 13, 2021

How can you plan your HR budget for 2022? With things slowly returning back to normal in many organizations, now is the ideal time to start your 2022 HR budget planning process. Start with a clean report with just the new year in mind. 2022 may be heavy on the recruitment focus. Compensation and benefits.

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HR Planning Planning Tools HR Software Hiring Software 92

Semos Cloud

MARCH 15, 2022

A report from Founder’s Circle found that roughly 1 in 4 startup employees will leave the company within a year. March 15, 2022. Total Rewards is a compensation strategy for employees of a business or an enterprise. An excellent total rewards strategy will include these 6 key rewards: Compensation. By Ivo Jurcic.

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Bonuses and Incentives Strategy Assessment Software HR Software 97

Zenefits

SEPTEMBER 14, 2022

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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Compensation Planning Tools Benchmarking Retention and Turnover 41

Zenefits

FEBRUARY 24, 2022

A competitive benefits package filled with attractive incentives for employees is key to attracting top talent to your organization. A typical benefits plan includes both the employee’s compensation and non-wage perks like health insurance and pension plans. What benefits matter to employees in 2022?

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Employee Benefits Bonuses and Incentives Wage and Hour Training Planning Tools 36

Zenefits

FEBRUARY 7, 2023

In its wake emerged the need to attract new talent in order to compensate for ongoing labor shortages. But it’s still important to have a robust compensation package to help secure new hires to fill your open positions. According to BLS, total employer-to- employee compensation costs for civilian employees averaged $41.86

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Compensation Wage and Hour Training Trends Bonuses and Incentives 36

HiBob

JANUARY 11, 2023

Some companies made the hard decision to lay people off in the last weeks of 2022 and early 2023. On the other hand, strategic compensation incentives are crucial for retaining the key talent you’ve fought so hard to find over the last few years. What are the compensation benchmarks on average merit increases for 2023?

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Compensation Benchmarking Bonuses and Incentives Hiring Software 148

Zenefits

DECEMBER 1, 2022

Seasonal workers may not get the same automatic incentives that regular M-F, 9-5 workers do. It may be a fun idea to offer free giveaways as a fun incentive as well. A report showed that 66% of workers apply for seasonal jobs in the hopes of more stability from permanent employment with the company. Answer to see the results.

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Bonuses and Incentives Onboarding Software Staffing Software Planning Tools 36

Empuls

OCTOBER 17, 2022

By arming employees with the right tools to be more efficient - and incentives to do their best work - engagement happens as a side effect, and your best employees are much less likely to start searching for greener grass. A third of employees report flexibility as the primary reason they remain loyal to an employer.

Wage and Hour Training 52

Wage and Hour Training Hiring Software Bonuses and Incentives Recruiting Software 52

Semos Cloud

JULY 11, 2023

Gartner ’s July 2022 survey reveals that “72% of total rewards leaders report that their organization’s senior leadership believes that pay equity is a high or very high priority”. Tony Guadagni , senior principal in the Gartner HR practice, states that: “Employee perceptions of pay equity aren’t rooted in compensation.

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Hiring Software Background screening How To Metrics 98

Zenefits

NOVEMBER 8, 2022

You may also have to pay a signing bonus or other incentives to attract top talent. A report by the SHRM places the average cost of onboarding a new hire at $4,100 per individual. What’s your biggest 2022 HR challenge that you’d like to resolve. This cost covers: The time it takes to find a new staff member.

Retention and Turnover 36

Retention and Turnover Hiring Software Compliance Training HR Planning 36

Empuls

DECEMBER 22, 2021

Organizations must understand and address the top five HR challenges of 2022 as they pivot to a new post-pandemic reality. Top Five HR Challenges to Address and Overcome in 2022 1. SHRM surveys show that 50% of employees in North America are planning to quit and look for a new job by 2022. Agility will be critical.

HR Software 52

HR Software Hiring Software HR Planning Recruiting Software 52

Analytics in HR

JULY 12, 2023

According to Gallup : Global employee engagement in 2022 was at 23%. 18% of the global workforce in 2022 was actively disengaged. What the stats say People are 12% more likely to report being happy with their job when they have freedom and autonomy in their work environment. What makes this strategy effective?

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Employee Engagement Strategy Hiring Software Onboarding Software 95

HRExecutive

APRIL 8, 2024

According to a MIT Sloan Management Review report , a toxic culture is the top predictor of employee attrition. For example, one Gallup report found that organizations with engaged employees outperformed their competitors, so much so that they often enjoyed higher earnings per share.

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Retention and Turnover Onboarding Software Recruiting Software Planning Tools 108

Semos Cloud

SEPTEMBER 7, 2022

A company’s attitude towards compensation, benefits, and rewards that all employees receive speaks volumes about its appreciation towards its workforce. However, designing a balanced total rewards compensation package for a large workforce is not a walk in the park. September 7, 2022. Compensation. By Ivo Jurcic.

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Assessment Software Planning Tools HR Software Interview Software 52

6Q

JULY 27, 2023

They also want to be compensated fairly for their efforts. Offer development opportunities A workforce learning report in 2018 found that 93% of employees would stay longer at a company if they invested in their careers. Research shows that compensation is one key reason why employees choose to leave their jobs.

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Strategy Onboarding Software Hiring Software Company 98

Astron Solutions

APRIL 20, 2021

A job description is a written statement by a company describing the duties, responsibilities, required qualifications, and reporting relationships of a particular role. From the factors that contribute to how you’ll compensate individuals , to the growth opportunities your company offers, your job description should tell it all.

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Hiring Software HR Software Recruiting Software Interview Software 95

Analytics in HR

SEPTEMBER 18, 2023

From finding and hiring new talent, providing training and development opportunities, to ensuring compliance with labor laws and managing compensation and benefits. Benefits & reward advocates HR’s compensation, benefits, and rewards expertise supports employees’ financial security and job satisfaction.

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HR Planning Hiring Software Onboarding Software HR Software 100

Guideline

AUGUST 31, 2023

If you don't, it's like leaving part of your compensation on the table. Administration fees: People who run your 401(k) plan handle many tasks like day-to-day administration, record keeping, reporting, and compliance testing. In many cases, investment fees could make up the biggest part of 401(k) costs.

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Retirement Bonuses and Incentives Guidelines Planning Tools 98

Xoxoday

OCTOBER 30, 2023

The report further states that almost 50% of the responding companies claim to receive noticeable financial gains when they undertake customer experience improvement projects. According to a Google report , nearly 60 percent of buyers consider mobile purchasing options when choosing where to shop.

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Strategy Planning Tools Compliance Training Bonuses and Incentives 52

Terryberry

OCTOBER 25, 2022

Recognition looks different for everyone, but a series of studies by Harvard Business Review show that symbolic awards (public credit, cards, certificates, and plaques) might be more effective than traditional monetary incentives (cash, bonuses, and gift cards). Why Employee Awards Matter (Now More Than Ever). Probably not.

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Bonuses and Incentives Retention and Turnover Employee Recognition Recruiting Software 52

Terryberry

JANUARY 17, 2023

In fact, the Bureau of Labor Statistics Employee Tenure Summary reports that the median tenure for workers aged 25-34 is 2.8 Low Compensation. If they're not being fairly compensated for their work, they may start looking for a job that offers better pay. Top 5 Reasons Why People Leave Jobs. No Work-Life Balance.

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Employee Engagement Retention and Turnover Hiring Software Compliance Training 98

Zenefits

AUGUST 25, 2022

However, 2 factors make it a challenging endeavor: Overspending on staff compensation can leave your young business cash-strapped down the road. Without a solid compensation strategy, your business may never get off the ground. Pay for performance and offer performance-based incentives. Let’s look at them below.

Workable 36

Workable Hiring Software Strategy Onboarding Software 36

Terryberry

OCTOBER 28, 2022

Another report found that employees had averaged 50 days since they were last recognized. In a 2022 study from Pew , remote workers today feel more strongly than ever about making their arrangement permanent. In a 2022 study from Pew , remote workers today feel more strongly than ever about making their arrangement permanent.

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Planning Tools Recruiting Software Employee Recognition How To 69

Semos Cloud

MARCH 1, 2022

March 1, 2022. Normally considered separate from salary, may be based on monetary or non-monetary incentives, however, they still have a cost to the company. As humans are very complicated, there are also millions of things that can be given as rewards, but all of them can be put in one of the four categories below: Compensation.

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Planning Tools HR Software Bonuses and Incentives System 52

Zenefits

NOVEMBER 17, 2022

Their reasons for offering both types of incentives may differ, but, according to Business.org, the top reasons for offering them are to: Attract top talent. The differences between the 2 incentives may provide the answer. Benefits are nonmonetary incentives that supplement employees’ wages. Reduce employee turnover. Game rooms.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Homebase

DECEMBER 27, 2022

Has dedicated features for administering employee benefits, bonuses, and other incentives. Keka’s software can guide you through the compensation planning process so even professionals without a finance background can make sure they’re staying competitive and paying employees according to industry standards. As of July 2022.

Hiring Software 52

Hiring Software Onboarding Software HR Software Planning Tools 52

Thrive Global

AUGUST 29, 2022

Based on 1,000+ interviews, Bonnie’s new book about the workplace is called Staff Matters and will be published in late 2022. The biggest gaps will be in compensation, investment in professional development training, and policies around bullying and sexual harassment. Compensation?—?Employers Professional Development?—?Training

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Sexual Harassment Harassment Wage and Hour Training Video Recruiting 36

Linkedin Talent Blog

MAY 22, 2022

times more likely to report being happy in their jobs and 2.1 Pay your employees fairly A higher salary is not always the top reason people look for a new job , but paying your employees fairly will provide them with plenty of incentive to stay. Workers who feel their companies offer enough flexible options are 2.6

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Company ATS Retention and Turnover Hiring Software 45

ApplicantStack

JUNE 11, 2024

Beyond compensation and standard benefits like health care, other incentives might include career development opportunities, recognition with bonuses, a path to career advancement, work-life balance rewards like gym memberships, generous paid time off policies, or remote work flexibility. Focus on Internal Mobility.

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Recruiting Software Hiring Software Recruitment ApplicantStack 66

Astron Solutions

JANUARY 3, 2023

From the pandemic to the Great Resignation to today’s continued economic turbulence, organizations have had to rethink what the world of work looks like, especially when it comes to compensation. Let’s take a look at what is currently going on in the realm of compensation. Here are some things to keep in mind.

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Compensation Trends Bonuses and Incentives Wage and Hour Training 52

Terryberry

OCTOBER 27, 2023

Employee appreciation comes in many forms, and compensation is just one of them. Terryberry's social recognition platform offers a comprehensive solution that can host your recognition efforts, including milestone and service awards, peer-to-peer social recognition , feedback and surveys, and performance and incentive rewards.

Hiring Software 52

Hiring Software Onboarding Software Retention and Turnover Interview Software 52

Engagedly

JANUARY 10, 2022

Also Read: Productivity Tips For Managers And Employees In 2022. Workplace anxiety is common – around 40% of people report feeling stressed during a workday. . Underpayment – Not providing enough compensation for your employees will make them question their value to the workplace. Inability to concentrate.

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HR Software Planning Tools Assessment Software How To 52

Xoxoday

MARCH 1, 2024

This figure, while impressive for a company of Microsoft's size, raises a curious question: why, in a 2022 survey, did less than 20% of B2B executives report their channel partner programs as "very effective"? When it comes to executing a successful incentive program, leveraging the right platform is paramount.  

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Planning Tools Bonuses and Incentives How To Employer Branding 40

Ongig

OCTOBER 19, 2023

In comparison, 84% reported that it enables them to recruit top talent. 61% of applicants highlight compensation as the number one part of a job description , while 32% of employers believe that a competitive salary is the top reason employees quit. Employees put more value on PTO than employers, and 31% named this a top benefit.

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Bonuses and Incentives Video Recruiting Hiring Software Background screening 59