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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. But, things like fair pay, better benefits options, and job responsibilities are well within a business’s control. So What Should Businesses Do?

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Best enterprise HR software systems 

HiBob

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. This platform offers a recognition center to publicly praise well-performing team members. Deel can support full-time employees and contractors.

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Top Funding News in the HR, Recruiting and Benefits Space | 2016

Advos

Millennial wellness site Greatist raises Series A. to help small businesses create employee retirement accounts. Zenefits Competitor Justworks Raises $33 Million. Mental health app maker Happify raises $5M to build out employee wellness business. Job Today inks $10 Million Series A. This NYC Startup Just Raised $4.5M

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What Is Succession Planning, and How Can It Benefit Employers?

Zenefits

At the end of the preparation process, the successor should be well-prepared to assume the role when the time arrives. disasters, retirement, injury, illness, etc.). Remember, you will need to fill the successor’s role, as well. The process is based on preparation , not pre-selection. Identify critical and vulnerable roles.

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How To Calculate Total Compensation

Zenefits

That balance can be a challenge, therefore the company’s compensation strategy must be well informed. Both types of programs can incentivize employees to help the company do well overall. The most common retirement plan for employers to provide is a 401(k), but there are other options.

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HR vs. Payroll: What’s the Difference?

Zenefits

Ensure that shifts are maintained and well-staffed. Once a person does well at work, they may be eligible for additional financial compensation. With a tool like Zenefits, you can build the relationship and make sure that every change is communicated across your network. Software like Zenefits makes that possible.

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Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” As employers sought to cut costs to cope with the economic fallout from the pandemic, many decided to begin with retirement-aged employees.