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Tailoring a Total Rewards Strategy for Small Business Success

Extensis

Total rewards include compensation, benefits, well-being initiatives, and recognition, and help companies increase productivity, retention rates, and talent acquisition success. Here’s how to design an impactful total rewards plan, and how a PEO can help time-strapped SMBs reap the benefits of a well-appointed program.

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9 Steps to Create a Compelling Employee Value Proposition

Extensis

Quick look: Employee value propositions (EVPs) describe “what’s in it” for a company’s staff—whether it’s compensation, benefits, company culture, or professional development opportunities. Here, explore nine essential steps to creating an EVP and how a professional employer organization (PEO) can help busy businesses perfect theirs.

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How to tackle wage growth and remain competitive in a tough market

Insperity

In these uncertain times , how can leaders make optimal compensation decisions for their employees’ benefit while still controlling business costs and maintaining compliance? Understand cost of labor versus cost of living – and decide which will drive your company’s compensation philosophy. Establish a compensation strategy.

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When Size Matters -- Basics for Early Stage and Small Companies

Compensation Cafe

Pretty quickly, you get your payroll administration under control and maybe engage the services of a Professional Employer Organization (PEO). The PEO gives you a handbook to distribute, and your benefit providers give you Summary Plan Descriptions (SPDs) to hand out. Get credit for your incentives. Talk about Total Rewards.

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

Act of 2022 enables business leaders to: Deliver additional financial benefits to round out an organization’s compensation strategy Remain competitive in an increasingly dynamic labor market Win the war for talent In this blog, we’ll discuss: What the SECURE 2.0 Act of 2022 contains more than 90 provisions and covers 358 pages. .:

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How to tackle wage growth and remain competitive in a tough market

Insperity

In these uncertain times , how can leaders make optimal compensation decisions for their employees’ benefit while still controlling business costs and maintaining compliance? Understand cost of labor versus cost of living – and decide which will drive your company’s compensation philosophy. Establish a compensation strategy.

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What is a total compensation statement & how does it provide value?

Genesis HR Solutions

In an effort to show employees the true value of their compensation, benefits factored in, many employers are providing total compensation statements. What is a total compensation statement? Below is a total compensation statement template you can use to build your own forms. Direct Compensation. Click To Tweet.