Remove Employee Appreciation Remove PEO Remove Retention and Turnover
article thumbnail

14 Key HR Metrics to Track: Definitions and Formulas

Extensis

From turnover rate to revenue per employee, these 14 HR analytics, paired with the support of a professional employer organization (PEO), can empower SMBs with the tools and expertise they need to succeed. Turnover metrics can be beneficial in gauging a company’s culture , recruiting strategy, and potential internal challenges.

Metrics 97
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee Benefits That Matter: How Small Businesses Win Big With Their Teams

Vantage Circle

Advantages of Offering Employee Benefits: The Power of Employee Benefits Many small business owners hesitate to invest in employee benefits, assuming they’re too costly. But while doing that they overlook the hidden costs of not offering them: high turnover, low morale, recruitment struggles, and lost productivity.

article thumbnail

What makes a good workplace that gets employees to stay?

Insperity

What does it take to encourage employees to stay and, as a result, accomplish high retention rates and mitigate turnover costs ? Bureau of Labor Statistics (BLS) 2020 Employee Tenure Summary , the median tenure for U.S. For many reasons, trends point toward shortened employee tenure and more turnover in the job market.

article thumbnail

4 Tips to Create a Successful Employee Recognition Program

Extensis

Here, explore the business advantages of expressing gratitude towards your staff, four tips on how to create an employee recognition program, and how a professional employer organization (PEO) can help. The secret to keeping your valuable talent might be simpler than you think: showing genuine appreciation for their contributions.

article thumbnail

5 Tips for Creating Successful Employee Performance Objectives

Extensis

Goals also tend to increase an employee’s engagement and productivity, showing them how their work ties into the business’s success. Without performance objectives in place, team members can feel disengaged from their jobs, which can cause numerous issues for managers, like “quiet quitting,” increased turnover , and more.

article thumbnail

How to Create an Employee Recognition Program: Tips for SMBs

Extensis

However, properly recognizing employees’ hard work may not be as simple as it seems. Here, explore the business benefits associated with thanking your staff, four tips on how to create an employee recognition program, and how a PEO can help. A professional employer organization (PEO) can help.