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Tailoring a Total Rewards Strategy for Small Business Success

Extensis

Today’s employees want more than just a fair paycheck—they also seek comprehensive benefits, well-being programs, and learning and development opportunities. This can include wages and bonuses as well as recognition, workplace flexibility, and career opportunities. What is a total rewards program?

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Conducting an HR Audit – Review, Identify, Improve

CCI Consulting

Essentially, HR audits are an efficient tool used to improve processes like recruitment, retention, onboarding, training, salary and compensation, payroll, performance management, and many more common practices within an HR department. The word “audit” generally elicits the idea that an aspect of the operation is doing something wrong.

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Structuring Competitive Compensation Packages for UAE Talent

Bayzat

Base Salary and Market Benchmarking The foundation of any compensation package is the base salary. To determine appropriate salary levels, organizations should engage in regular market benchmarking exercises. This signifies that competitive compensation packages in the UAE go beyond just offering high salaries.

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Creating a Retention-First Culture: Alternatives to Non-Compete Agreements

Extensis

Help workers earn higher wages, with estimated average earnings increasing by $524 per year. Training repayment agreements (TRAs) : TRAs require staff to repay part of their training costs if they leave the company within a certain time. Major change is on the horizon for businesses utilizing non-compete agreements.

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it’s your Friday good news

Ask a Manager

The minute theaters were recommended to close for Covid I pretty much knew I wouldn’t have a job to go back to when they opened again – and sure enough, I was furloughed at Easter and laid off in August. It’s your Friday good news, with more accounts of success even in this weird time. I’m a consultant in IT security.

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How to Calculate and Reduce New Hire Turnover at Your Company

AIHR

Different organizations have a different benchmark for what counts as new hire turnover. For example, an inaccurate job posting, misaligned expectations or skills, and discrepancies in working hours, wages, and responsibilities can all lead to an increase in new hire turnover. Poor onboarding and new employee training.

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Comprehensive Guide to the Best Employee Benefits Options for 2024

Empuls

Definition and purpose The options of Employee Benefits add to the regular compensation package that employees receive and are part of non-wage compensations given out to employees. Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Types of benefits  1.