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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. To be assured you’re offering the right rates for your area and job opportunities, try using compensation software or tools that give insights to reasonable pay ranges for your positions.

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Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. Lowering turnover , strengthening your recruitment strategies , and conducting custom sector surveys are all common reasons for nonprofits to hire a compensation consultant.

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Dry promotions: Definition, considerations, and guidelines for employers

Business Management Daily

When you increase the employee’s responsibilities and give them a higher-level job title without added pay, you are giving them a reason to leave the company in search of fair compensation and making it easier for them to find a better-paying job at a competing employer by building their resume.

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Why a private equity executive wants more businesses to adopt employee stock ownership plans

HR Brew

The structure of the benefit, known as an employee stock ownership plan (ESOP), was made possible by the 1974 Employee Retirement Income Security Act (ERISA), and is often offered as a type of retirement plan. All about ESOPs. There is, of course, a potential upside for private equity firms like KKR that invest in ESOPs.

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Want a Career in Human Resources? Your In-Depth (2023) Guide

Analytics in HR

Compensation and benefits : HR ensures that employees are well cared for by giving them competitive salaries and benefits. HR must ensure they receive the correct pay and benefits, such as health insurance, retirement plans, wellness programs, and leave credits. HR skills Administration expertise: Record and update employee records.

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What Do I Do Now?

Compensation Cafe

Picture the scene; it’s time to fix your organization's Compensation program, and you’re the one in charge. Suppose you’ve just been promoted to the Compensation leadership role in your organization, or you’ve just been hired and inherited someone else’s legacy. Where do you start? Points of pain. Too many FTEs?

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HR Compliance: Engagement, Efficiencies & Integrity

CCI Consulting

FLSA Audits The Fair Labor Standards Act (FLSA) serves as the foundation of wage and hour laws in the United States, establishing essential guidelines around minimum wage, overtime pay, and other quintessential aspects of labor rights. A careful review ensures employees receive fair compensation for their extra hours.