Remove Bonuses and Incentives Remove Company Remove Survey
article thumbnail

PTO in a Staycation World

Compensation Cafe

For those companies who pay out unused PTO, there is also the possibility of a PTO payoff cliff. Robert Half did a survey in May 2020 showed that fewer people were expecting to take summer vacations. For companies who are already running on empty, paying out unused vacation in early 2021 may be the final nail in the coffin.

article thumbnail

Flexibility is employees’ most valued benefit after salary

HR Brew

The benefit that employees want most after a good salary is the one many companies are eliminating. Workplace flexibility in hours and location topped employees’ list of most desired benefits after a good salary, with 65% of workers surveyed by the Conference Board rating it in their top five desired perks.

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 recruit employees for small businesses — 8 key tips

Business Management Daily

The Great Resignation has shifted the market in favor of job seekers while making it more difficult for companies to fill open roles. In the latest edition of the State of Remote Work Report , 61% of those surveyed reported that they would be willing to take a pay cut to continue working remotely. Build your employer brand.

article thumbnail

HR’s Guide to Analyzing and Lowering Attrition Rate

Analytics in HR

Attrition can adversely affect the company, so it’s essential to know your company’s attrition rate. Employee turnover refers to the rate at which new hires replace employees who leave their companies. Usually, this happens because of company restructuring, economic conditions, or trends in the industry or workforce.

article thumbnail

Employee Experience: A Complete Guide for HR

Analytics in HR

Companies that invest in their employee experience are better places to work for, more in demand among applicants, and also more innovative. Companies with a great employee experience provide a streamlined work environment for their employees, which enables them to do their work well and push the company forward.

article thumbnail

Disgruntled Employee: Meaning, Threats & Ways to Deal

HR Lineup

Damage to Reputation: Negative customer experiences can harm the company’s reputation, making it difficult to attract new customers. Settlements and Fines: Companies may face financial penalties or be required to settle claims, which can impact profitability. Here are some ways to deal with disgruntled employees: 1.

article thumbnail

The turnover tsunami is on the way. How can your business avoid it?

Business Management Daily

Before the pandemic, many companies focused their company culture on office perks, social activities, and in-person collaboration. With limited face-to-face communication and no central office to report to, these employees have lost their connection to their companies. Rebuild company culture. Keep the focus on retention.