HR Digest

JANUARY 12, 2024

Laura Hanson, CHRO, insightsoftware The Sun Shine on Fair Compensation The winds of change are blowing through the landscape of employment, carrying with them a demand for transparency and equity. Nearly half of job listings now display compensation ranges.

HR Software 109

HR Software HR Planning AI Recruiting Hiring Software 109

Hppy

OCTOBER 24, 2023

85% of CFOs and CEOs believe that unhealthy company culture is the root cause of unethical behavior, according to a survey conducted by the National Bureau of Economic Research. Offer Competitive Compensation and Benefits To attract the best candidates, you need to offer competitive compensation and benefits packages.

Campus SaVE 103

Campus SaVE Background screening Talent Experience Compensation 103

Precheck

JUNE 22, 2021

A Monster survey conducted during COVID-19 found that 57% of workers would take some kind of gig job while they are in-between jobs, 52% would like a long-term contract with flexible hours, and 39% want short-term contract or temp work. A FlexJobs survey found that 36% of workers in the U.S. Contingent Staffing by the Numbers.

Hiring Software 105

Hiring Software Staffing Software AI Recruiting Planning Tools 105

HR Brew

OCTOBER 7, 2024

The pharmacy chain is the latest organization to take advantage of a new federal provision that allows employers to contribute to workers’ retirement accounts based on payments they make toward their student debt. of their income to retirement over a three-year period, on average, compared with a 5.7%

Retirement 305

Retirement CHRO Study Compensation 305

Extensis

SEPTEMBER 19, 2024

Open enrollment is a designated period each year when employees can review, adjust, or select their benefits, including health insurance, retirement plans, and other perks their employer offers. Their buy-in will demonstrate an organizational commitment to the strategic direction. Is your benefits package robust and competitive?

Planning Tools 105

Planning Tools Staffing Software HR Planning HR Software 105

Analytics in HR

SEPTEMBER 7, 2023

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 Planning 119

HR Planning Hiring Software Resources Background screening 119

Bonusly

MARCH 7, 2022

No matter how much they love your company, many of your employees will leave eventually, perhaps because they’re moving away for family reasons, retiring, switching professions, or simply looking for a new challenge. In fact, culture is ten times more important than compensation when it comes to employee retention. ??.

Retention and Turnover 98

Retention and Turnover Trends Compensation Study 98

Affinity HR Group

OCTOBER 3, 2024

Traditional benefits like health insurance, retirement plans, and paid time off serve as hygiene factors or factors that help prevent employee dissatisfaction. According to a Census.gov survey, 86% of private-sector employers offer employer-sponsored health insurance. This change will go into effect January 2025.

Employee Benefits 40

Employee Benefits Trends Retirement Planning Tools 40

Analytics in HR

NOVEMBER 2, 2022

You can also review pertinent information from employee feedback surveys and exit interviews. Digging into the data from internal surveys and exit interviews should uncover the areas that make employees feel connected and satisfied in their work and those that don’t. Employee engagement. Prescriptive analytics.

Analytics 138

Analytics HR Planning HR Software AI Recruiting 138

HiBob

SEPTEMBER 18, 2024

HiBob HR leaders use HiBob’s powerful enterprise HR software, Bob , to manage all aspects of the employee lifecycle —from recruitment to retirement—within a single, user-friendly platform. Prospective users are encouraged to conduct their own research to make the best decision for their organization.

HR Software 78

HR Software Onboarding Software Hiring Software Recruiting Software 78

Analytics in HR

OCTOBER 11, 2022

This indicates that staff development should form part of your compensation and benefits package to entice candidates to work for your company. Employees are too busy: In the same Wrike survey, 94% of employees reported feeling stressed at work, while almost 33% stated experiencing high-stress levels.

Planning Tools 145

Planning Tools HR Software Compliance Training Hiring Software 145

Analytics in HR

FEBRUARY 28, 2024

eNPS is based on the results of an employee survey. We discuss more real-life examples below. Importance of HR analytics Leveraging data has become essential to expanding HR’s role within organizations by moving it from an operational function to a strategic partner.

HR Planning 124

HR Planning Analytics HR Software Hiring Software 124

HR Bartender

OCTOBER 7, 2016

For the past twenty years, the Society for Human Resource Management (SHRM) has been publishing an employee benefits survey. Evren Esen, director of survey programs at SHRM, shares some of the interesting results. If you want to learn more, the full survey is available online.

Employee Benefits 359

Employee Benefits HR Planning Compliance Training Retirement 359

HR Bartender

SEPTEMBER 21, 2016

Not just from the standpoint of the many different HR functions: recruiting and onboarding , training and development, compensation, etc. He’s responsible for leading the retirement, investment counseling, and risk management teams in the U.S. I know one of your areas of expertise is in the area of retirement planning.

HR Planning 150

HR Planning Retirement Planning Tools Wellness 150

HR Brew

SEPTEMBER 17, 2024

Rahlan drew a direct connection between workers’ wages and wellness, citing a separate survey Dayforce conducted in partnership with SSRS that found employees making less than $50,000 a year were more likely to rank their overall health as “poor or very poor.”

HR Software 347

HR Software Hiring Software Assessment Software Trends 347

Analytics in HR

MARCH 31, 2023

According to Dery and colleagues (2017) , a survey of 281 executives the year before showed the difference between the top and bottom quartile on employee experience: The top quartile produced 51% of revenue from new products and services introduced in the last two years, versus 24% for the bottom quartile. Employees took to it quickly.

HR Software 119

HR Software Hiring Software Onboarding Software Staffing Software 119

Analytics in HR

NOVEMBER 24, 2021

Recruitment and selection , training and development, compensation and benefits planning, performance management.) How many are approaching retirement?). Managers can ask for feedback during performance reviews, or you can conduct employee surveys to get a feel for how things are going. Making good use of your HR budget.

HR Planning 98

HR Planning Planning Tools Resources Video Recruiting 98

HRExecutive

JANUARY 12, 2024

Retirement benefits, along with medical benefits , are rated as important considerations when candidates are evaluating a new job offer. Only 27% of employees surveyed said they definitely feel confident that they’ll save enough to cover their expenses in retirement. Advertisement - The second approach is direct listening.

Retirement 113

Retirement Planning Tools HR Software Survey 113

Primalogik

JULY 21, 2022

HR may conduct employee satisfaction surveys to find out how to better support staff. Pro tip: Survey employees to make sure they’re getting the career support they need.). Compensation and benefits. For instance, they can respond to an employee’s plan to retire or go on leave. They also work to boost employee retention.

HR Software 96

HR Software HR Function HR Planning Hiring Software 96

EmployeeConnect

NOVEMBER 7, 2023

Surveys have indicated that a substantial 73% of employees would contemplate leaving their job for a better compensation package. Companies can customise these packages to suit their unique needs or even combine these various forms of compensation. Base Compensation This forms the bedrock of an employment contract.

Compensation 147

Compensation HR Software Onboarding Software Planning Tools 147

EmployeeConnect

APRIL 9, 2024

In the modern workplace, where attracting and retaining top talent is paramount, the realm of compensation and benefits management stands as a crucial pillar of employee management strategies. This involves analysing salary surveys, consulting with compensation experts, and benchmarking against peer organisations.

Compensation 130

Compensation Assessment Software HR Software Benchmarking 130

Analytics in HR

JUNE 13, 2024

In its simplest form, a compensation philosophy summarizes an organization’s guiding principles around employee salaries and benefits. Some companies do this exceptionally well, and you’ll find 14 of the best compensation philosophy examples below. Contents What is a compensation philosophy?

Compensation 119

Compensation Examples Bonuses and Incentives HR Planning 119

Recruiters Lineup

JANUARY 6, 2023

This may involve offering training and development opportunities, creating a positive company culture, and implementing retention programs such as employee engagement surveys and retention bonuses. Offer competitive compensation and benefits: . In order to attract top talent, companies must offer competitive compensation packages.

Talent Acquisition 80

Talent Acquisition Hiring Software AI Recruiting Onboarding Software 80

Analytics in HR

OCTOBER 27, 2023

What is compensation and benefits? Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Overall compensation is the top factor that job seekers consider when accepting a new job. What is the difference between compensation and benefits?

Compensation 116

Compensation Wage and Hour Training COMPAS Bonuses and Incentives 116

Analytics in HR

DECEMBER 22, 2023

One of the first things employees look at before even receiving a job offer is their compensation package. of employees rank compensation as the top factor in job satisfaction. So, how do you craft a total compensation package that resonates with a diverse workforce? Contents What is a compensation package?

Compensation 109

Compensation Bonuses and Incentives HR Software Hiring Software 109

HR Brew

FEBRUARY 9, 2024

We want to provide comprehensive compensation packages that address the needs of our current and future workforce.” Paying down student debt and saving for retirement typically don’t go hand-in-hand.

Recruitment 221

Recruitment Retirement CHRO Compensation 221

Extensis

DECEMBER 28, 2023

Though 401(k)s are still a large piece of the retirement planning puzzle, raising awareness about voluntary benefits has become just as essential to boost savings confidence and employee satisfaction. Employees are evaluating how they’ll be able to afford to maintain their health and well-being into their retirement years.

Retirement 102

Retirement Planning Tools HR Software Compensation 102

Heyyy HR!

NOVEMBER 29, 2023

As you start exploring the field of human resources, you will find that it primarily focuses on investing in employees, ensuring their safety, and managing all aspects of staffing from hiring to compensation and development. Compensation and benefits: Designing competitive pay structures and benefits packages to attract and retain employees.

HR Planning 78

HR Planning Resources Hiring Software Compliance Training 78

HR Lineup

SEPTEMBER 24, 2024

Hire-to-Retire (HTR) refers to the comprehensive employee lifecycle management process that spans from the moment an individual is recruited until they retire or exit the organization. The Stages of the Hire-to-Retire (HTR) Process HTR involves several stages that align with an employee’s career trajectory.

Hiring Software 78

Hiring Software AI Recruiting Onboarding Software Recruiting Software 78

Digital HR Tech

FEBRUARY 10, 2021

Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package? What is included in a compensation package?

Compensation 119

Compensation HR Planning HR Software Wage and Hour Training 119

Ask a Manager

AUGUST 13, 2021

This time the big boss got really angry and said we were all sabotaging his plans to retire! Even better, I successfully negotiated for a title change to one that better reflected what I do and the level I’m at – thankfully my compensation was already at that level!

Immedis 97

Immedis Staffing Retirement Industry 97

Analytics in HR

JUNE 30, 2023

Your employer brand is much more than the compensation and benefits you offer to employees. Furthermore, understanding the workforce dynamics, including turnover rates, upcoming retirements, or changes in skill requirements, allows the talent acquisition team to forecast future hiring needs.

Talent Acquisition 26

Talent Acquisition Video Recruiting Hiring Software AI Recruiting 26

Replicon

AUGUST 10, 2023

These temporary workers are referred to as augmented staff and are directly handled and compensated by the company. When an employer has proper succession planning and retirement plans, it gives their employees a sense of growth, security, and a better future in the company.

Staffing Software 98

Staffing Software Staffing Hiring Software Onboarding Software 98

15Five

JANUARY 23, 2024

There are many other types of employee departures you can include or exclude: Voluntary departures Involuntary turnover Avoidable turnover Healthy turnover Regrettable turnover Retirement Easy Turnover Rate Formulas Most organizations will calculate turnover rates either monthly or annually.

Retention and Turnover 291

Retention and Turnover Hiring Software How To Onboarding Software 291

Analytics in HR

FEBRUARY 1, 2024

Is your compensation management approach helping or hurting your organization in the talent war? In a recent LinkedIn Talent Solutions report , compensation was ranked as the #1 top priority for candidates worldwide. In this article, we’ll explore the ins and outs of compensation management and why it matters.

Planning Tools 111

Planning Tools HR Software Hiring Software Compensation 111

WEX Inc.

JULY 24, 2023

Many Americans invest and prepare for retirement the same way they did decades ago, but what worked 40 years ago might not be the best approach today. Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? The missing retirement solution?

Retirement 98

Retirement Planning Tools Survey Payroll 98

Analytics in HR

NOVEMBER 28, 2023

Can an employee morale survey transform your organization? Regular surveys will help you delve into the heart of your workplace culture and find out what really motivates and matters to your employees. Contents What is an employee morale survey? What does an employee morale survey include?

Survey 119

Survey Assessment Software Planning Tools Retention and Turnover 119