HR Digest

APRIL 13, 2023

Managing employee benefits and compensation is an essential function for any organization that wants to attract, retain, and motivate top talent. Employee compensation and benefits are critical components of an organization’s total rewards package, which is a key factor in employee satisfaction and engagement.

Compensation 64

Compensation Bonuses and Incentives Employee Recognition Planning Tools 64

Semos Cloud

SEPTEMBER 4, 2020

Understand How Your Employees Breathe: 5 Most Common Employee Surveys . Use these employee surveys to find out what your employees think and feel and advance the state of employee experience in your company. Employee surveys are a great way to understand how your employees breathe.

Survey 59

Survey Hiring Software Onboarding Software HR Software 59

Bonusly

SEPTEMBER 12, 2022

Since the passage of the Stabilization Act of 1942 which temporarily limited employers from raising wages to combat inflation amid World War II, health benefits have been at the core of incentivizing potential employees to choose one company over another. All of this comes at a price tag but what do employees actually want?

Employee Recognition 98

Employee Recognition Retirement Employee Benefits Employee Engagement 98

HR Lineup

FEBRUARY 14, 2023

Lockton is a global professional services firm that specializes in employee benefits, wellbeing, and employee experience. The company’s focus is to help organizations create a positive and engaging employee experience by providing customized and innovative solutions for their employees.

Planning Tools 52

Planning Tools Retirement HR Software Talent Experience 52

Achievers

JANUARY 31, 2024

By aligning individual aspirations with organizational goals, employee development creates a symbiotic relationship between companies and their employees, benefiting both. Employee development relies on an organizational culture that encourages learning, collaboration, and knowledge sharing.

Hiring Software 188

Hiring Software Planning Tools Onboarding Software Compliance Training 188

Business Management Daily

APRIL 25, 2023

Develop an airtight onboarding process Next, it’s vital to have a guided and organized onboarding process for all new employees. It’s because the bulk of voluntary turnover occurs within the first 3-6 months of hiring a new employee. At the same time, a high salary isn’t the only way you can compensate your employees.

Talent Experience 105

Talent Experience Hiring Software Wage and Hour Training Onboarding Software 105

Zenefits

NOVEMBER 17, 2022

Keep employees healthy. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans. Since benefits can be good for employers and workers, why bother offering perks? Perks are generally “nice to have” offerings that “go above and beyond” traditional benefits.

Employee Benefits 36

Employee Benefits Bonuses and Incentives Hiring Software Onboarding Software 36

Empuls

SEPTEMBER 20, 2021

. "A good employee experience leads to a good customer experience , which then feeds back to your employees a sense of purpose and satisfaction, creating a virtuous circle.” ” | PwC CFO Pulse Survey It is this distinction that we will look at in greater detail. ’ What are benefits?

Bonuses and Incentives 52

Bonuses and Incentives Wage and Hour Training Hiring Software Staffing Software 52

Semos Cloud

AUGUST 24, 2020

It can allow you to plan your employees’ development , and ensure you reach your KPIs related to employee retention , productivity and more. . ?? Before we start, get our Employee Recognition Playbook and find out how to implement and sustain a successful employee recognition program in your organization. .

Hiring Software 52

Hiring Software Onboarding Software Planning Tools Recruiting Software 52

Analytics in HR

DECEMBER 22, 2023

Think of a compensation package as a bundle of rewards creatively put together to recognize employees’ contributions and inspire their best work. This is more than an employee’s monthly salary. Sometimes, it may also offer opportunities for career development, recognition for performance, or contribute to a positive work culture.

Compensation 87

Compensation Bonuses and Incentives HR Software Hiring Software 87

Semos Cloud

MARCH 15, 2022

The most common employee benefits are: Healthcare coverage. Retirement plans. An employee benefits survey by Clutch found that 55% of workers think health insurance is the most important employee benefit. The Employee of the month program. However, few employees reach the monthly quota.

Bonuses and Incentives 97

Bonuses and Incentives Strategy Assessment Software HR Software 97

Peoplebox

MAY 28, 2024

Retirements: On reaching retirement age, an employee may have to quit the workforce. Relocation: This is when employees are changing their residence, and moving to a different city, making it physically impossible to work for you if you do not offer remote options for their role. What are the Types of Employee Attrition?

Hiring Software 52

Hiring Software Retention and Turnover Onboarding Software Planning Tools 52

Staffbase

SEPTEMBER 4, 2024

Employee recognition as a key engagement tool Recognizing employees for their contributions is one of the most effective ways to boost engagement. Employee recognition can take many forms, from formal awards to simple, informal acknowledgments. The result is higher engagement and lower turnover rates.

Trends 52

Trends Hiring Software Retention and Turnover Planning Tools 52

Terryberry

JUNE 6, 2024

This type of software covers a range of tasks from assessing employee satisfaction and the employee experience to employee recognition and employee feedback. Wellness: Some employee engagement software will include employee wellness programs and resources, like step challenges or mental wellness initiatives.

HR Software 52

HR Software Onboarding Software Recruiting Software Assessment Software 52

Vantage Circle

AUGUST 16, 2021

When done right, it's a great way to reward your employees, particularly if you make adjustments based on performance reviews and individual contributions. An employee stock ownership plan or ESOP is a type of employee benefit. It gives the employees an equity stake in the business they work for. Retirement Plans.

Bonuses and Incentives 52

Bonuses and Incentives Examples Hiring Software Planning Tools 52

Insperity

AUGUST 25, 2020

When you help your employees engage in community service , they share a positive first impression of your brand with the general public and gain the sense that you recognize them for more than just what they contribute to your company. Competitive benefits. Also, make sure your employee benefits package isn’t kept secret.

Employer Branding 98

Employer Branding Bonuses and Incentives How To Planning Tools 98

Terryberry

DECEMBER 13, 2022

Employee Perks vs. Benefits: What's the Difference? Benefits and perks are equally crucial for corporate wellness. The base necessities like health insurance, paid time off, and retirement plans fall under the benefits umbrella. On the other hand, perks make employees happy. Top 5 Employee Benefits.

Company 74

Company Hiring Software Planning Tools Video Recruiting 74

Semos Cloud

SEPTEMBER 7, 2022

Broadly speaking, a total rewards compensation package is a combination of benefits, wages, and rewards that, ideally, address all (or most) employee needs. There are dozens of types of employee benefits, different compensation methods besides the salary, and various monetary and non-monetary employee rewards.

Assessment Software 52

Assessment Software Planning Tools HR Software Interview Software 52

Achievers

JUNE 6, 2022

What do you think of when employee benefits are mentioned? Traditional offerings like health insurance and retirement plans are likely the first things that come to mind. Building a great benefits program helps your company attract and retain the best talent possible, keeping team members engaged and happy.

Employee Benefits 245

Employee Benefits Planning Tools Compensation Employee Engagement 245

HR Digest

DECEMBER 2, 2023

Other employee retention examples include comprehensive benefits packages that are tailor-made to suit the employees’ welfare. This could include health benefits, time off, retirement assistance, etc. Talent turnover rate : This refers to the number of high-performing employees who resign.

Strategy 96

Strategy Retention and Turnover Planning Tools Onboarding Software 96

HRExecutive

FEBRUARY 26, 2021

One in 4 workers plans to quit post-pandemic : A staggering one in four employees plan to leave their employer after the COVID-19 pandemic subsides, according to a new survey. Listen to it here. Read more here. adults from Morning Consult. Read more here. The average quarterly savings rate for 403(b) accounts was 7.3%

Planning Tools 57

Planning Tools HR Software Interview Software Retirement 57

6Q

JUNE 4, 2023

Employee turnover can either be voluntary (like when an employee resigns, retires, or transfers) or involuntary (like terminating an employee due to poor performance or as part of company wide layoffs). Some level of employee departure is expected. The thing is, everyone expects their good work to be applauded.

Retention and Turnover 98

Retention and Turnover Hiring Software Onboarding Software HR Planning 98

Digital HR Tech

FEBRUARY 10, 2021

Direct compensation includes: Salary or hourly wages Retirement savings Paid time off Health insurance. Indirect compensation may include: Career development Flexible work arrangements Corporate discounts Employee recognition programs. Employees who feel they are fairly compensated are less likely to jump ship.

Compensation 119

Compensation HR Planning HR Software Wage and Hour Training 119

Extensis

APRIL 29, 2024

PEO: a brief overview for small business owners A PEO is a company that delivers cost-effective, outsourced HR , payroll , employee benefits , recruiting , and risk and compliance services. As a result, managing employee benefits and healthcare costs has become a top priority for many employers.

Hiring Software 59

Hiring Software Recruiting Software HR Software Planning Tools 59

Achievers

DECEMBER 16, 2019

“I don’t really care about my employee benefits,” said no employee ever. When it comes to employee benefits, if your business can offer it, employees want it. That’s the case for any employee benefit, from time off to healthcare to flexible work arrangements to workers’ comp insurance.

Employee Benefits 287

Employee Benefits QuickBooks Survey Retirement 287

HR Morning

FEBRUARY 13, 2019

The workplace is becoming more multi-generational, as millennials start to dominate and older workers delay retirement. More than a third (37%) of employers say they’re making changes to their benefits package, or plan to do so in the near future, according to Aon’s Benefits and Trends Survey 2019.

Planning Tools 84

Planning Tools Assessment Software HR Software AON 84

Extensis

MAY 1, 2023

PEO: a brief overview for small business owners A professional employer organization, or PEO, like ExtensisHR , is a company that delivers cost-effective, outsourced services for HR, payroll, employee benefits, recruiting, risk management, and compliance–giving business owners and managers more time to focus on revenue-generating activities.

Recruiting Software 52

Recruiting Software HR Software Hiring Software Planning Tools 52

Staffbase

JULY 5, 2024

This is the formula for calculating the retention rate: Employee retention rate = (Number of employees at the start of the period/Number of employees at the end of the period)×100 A good retention rate is typically around 90% or higher. An employee survey might show you where attention is required.

Retention and Turnover 52

Retention and Turnover Hiring Software Planning Tools Onboarding Software 52

Homebase

NOVEMBER 26, 2023

Have you noticed other small businesses offering great employee work benefits and wondered if you should do the same? Choosing The Best Employee Benefits For Your Business It can be tough to decide which work perks to offer. That means career development plans are something you can use to appeal to employees of all ages.

Employee Benefits 98

Employee Benefits Wage and Hour Training Planning Tools HR Software 98

Semos Cloud

SEPTEMBER 25, 2020

In 2020, Millennials form 50% of the global workforce , and as Baby Boomers retire, Gen Z and Millennials will comprise even more of the total workforce. . Moreover , you will l earn how to provide great employee experience to your Gen Z and Millennial employees. . ?? Reimagine employee recognition .

Planning Tools 40

Planning Tools Employee Recognition Employer Branding Retention and Turnover 40

Bayzat

APRIL 5, 2024

A recent Zurich survey echoes this sentiment, with 52% of UAE-based HR managers highlighting the difficulty in finding talent as a major concern for organizations. Offering Competitive Compensation Packages Compensation and benefits refer to the monetary and non-monetary rewards that employees receive in exchange for their work.

Hiring Software 52

Hiring Software Video Recruiting Talent Experience Recruiting Software 52

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. Importance of Having an Employee Benefits Platform in Place 1. Let's delve in.

HR Software 52

HR Software Planning Tools Onboarding Software Hiring Software 52

Semos Cloud

JULY 31, 2020

Employee Benefits: Definition, Examples and Best Practices . Employee benefits are important to your present and future employees. Employee benefits are offered together with salary as a company’s compensation package. Employee Benefits Defined . 13 Examples of Employee Benefits .

Employee Appreciation 98

Employee Appreciation Wage and Hour Training HR Software Employee Recognition 98

Xoxoday

SEPTEMBER 27, 2023

According to HBR , a staggering 79% of employees cite a lack of appreciation as their primary reason for leaving their jobs. In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Flexible benefits packages Employee benefits are a valuable form of recognition.

Planning Tools 52

Planning Tools Bonuses and Incentives Compliance Training Certification 52

Achievers

AUGUST 4, 2022

If you offer a tantalizing array of benefits but neglect to provide competitive compensation, you’ve undermined your company’s entire total rewards package. Employee recognition. Recognizing your employees reaffirms that you appreciate and respect their hard work. Employee benefits and incentives.

Recruiting Software 194

Recruiting Software Planning Tools Onboarding Software Bonuses and Incentives 194

Empuls

OCTOBER 11, 2023

According to HBR , a staggering 79% of employees cite a lack of appreciation as their primary reason for leaving their jobs. In contrast, organizations that prioritize recognition and rewards experience a 31% lower voluntary turnover rate. Flexible benefits packages Employee benefits are a valuable form of recognition.

Planning Tools 40

Planning Tools Bonuses and Incentives Compliance Training Certification 40

Contact Monkey - HR

JUNE 13, 2024

Leveraging employee engagement technology helps you motivate workers, but many organizations don’t get the most out of their chosen employee experience technology. We share the best ways to improve employee engagement with technology in your organization. This helps to attract passionate, driven, and engaged employees.

Hiring Software 59

Hiring Software Planning Tools HR Software Employee Engagement 59