Remove 2014 Remove Compensation Remove Retention
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Why Is It So Important to Communicate Total Rewards?

HRsoft

Communicating total rewards is an important aspect of any retention and engagement strategy. While compensation may indeed only be one piece of what works to attract and retain employees, it is quite a significant piece. Employees should be able to understand the organizational philosophy, and how that fits into compensation decisions.

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The Benefits of Providing Free Food at Work

Indeed

Studies show that 32% of companies offered free refreshments in 2018, up from 20% in 2014. At 40 hours per week, this person is being compensated the equivalent of $40 per hour — or $20 per half-hour. It helps with retention. Here are a few of them. It’s cost-effective.

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3 reasons to get a short-term disability policy

Workable

According to a 2014 study by the Council for Disability Awareness, almost three out of five underestimate the risk, believing they have less than two percent chance of suffering temporary disability while working. Productivity and retention. A worrying number of them don’t realize this and therefore, have not planned for it.

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Optimistic Employers Embrace Benefits for Talent Attraction

Recruiting Daily Advisor

More than half (55%) of employees surveyed would be at least somewhat likely to accept a job with lower compensation but a more robust benefits package. According to the 2018 Aflac study, 61% are extremely or very satisfied with their benefits, compared with 46% in 2011.

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How to Recruit Candidates With DEIB In Mind

PowerToFly

We know that Black and Latino students, for instance, have been earning both bachelor’s and master’s degrees at historic rates , and that, according to one 2014 study , universities have been graduating Black and Latino computer science and engineering students at double the rate top tech companies are hiring them. Ask for employee referrals.

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Using Compensation Planning to Improve Engagement & Retention

HRsoft

One such strategy is effective compensation planning. How Can Compensation Planning Help Improve Engagement & Retention? In response to that, about 63% of the companies have referenced retention as top focus of compensation and more than half of the companies that were surveyed use some form of pay-for-performance strategy.

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Diversity Isn’t Optional: How 3 Talent Leaders Made DEI an Organizational Imperative

HIRED

For example, many enterprises saw only “low single-digit increases in their percentage of Black employees” from 2014 to 2020. By getting granular, you can identify opportunity areas that might have otherwise gone overlooked—whether that’s diversifying the C-suite or rolling out initiatives to improve retention in a certain department.