Linkedin Talent Blog

JULY 26, 2018

By comparison, only 19% said they would stay for in-office perks such as food, gyms, and game rooms. Benefits” are nonwage compensation such as PTO, insurance, and retirement funding; “perks” are nice-to-have additions to salary and benefits.). And nearly everyone (87%) said it was important to them to be proud of their company.

Linkedin 52

Linkedin Insurance Insurance Survey 52

Linkedin Talent Blog

APRIL 29, 2021

With the cost of replacing a single employee amounting to anywhere from a half to two times their annual salary , taking proactive steps to improve retention can save companies time and money down the line. But there’s one step that can go a long way toward ensuring employees’ feel fairly compensated and that’s increasing salary transparency.

Retention 26

Retention Mobile Compensation Comparison 26

ApplicantStack

AUGUST 8, 2023

In a competitive job market, standing out as an employer can make a big difference in recruiting efforts and employee retention rates. A more engaged team Employee engagement is more essential than ever, as engagement rates directly correlate with employee retention and productivity numbers. A strong EVP can contribute to engagement.

ApplicantStack 52

ApplicantStack Retention Compensation Employer Branding 52

Linkedin Talent Blog

APRIL 2, 2023

This comparison reveals a few interesting gaps and misalignments. Make no mistake: Flexible work arrangements are one of the most important priorities for candidates — in fact, it’s ranked as the third-most important, after compensation and work-life balance. After all, retention is one of the most important metrics for recruiters.

Data 49

Data Comparison Compensation Policies 49

Visier - Talent Acquisition

AUGUST 12, 2021

Effective people analytics means understanding how a company’s past and current employees relate to one another and how their duties, compensation, behaviors and more have changed over time. Without it, there’s simply no way to track metrics like retention or average tenure. Why does data standardization matter?

Data 52

Data Comparison Government Healthcare 52

HIRED

FEBRUARY 23, 2023

Using sophisticated AI and transparency into compensation expectations and preferences, we surface matching talent to employers, saving both parties loads of time. If retention is a concern for you, we can help in several ways. to 3.4%, for comparison. We also have a dedicated Candidate Experience team to support them.

Hiring 52

Hiring Employer Branding Agriculture Compensation 52

Social Talent

NOVEMBER 7, 2022

For folks who are skeptical listening to this, when they’re looking at that comparison vesting, it’s a great comparison, maybe the fear-based leadership, which is if you don’t do this, here’s the consequence versus trust. We fail people, and we do that in every type of relationship at one point or another.

Culture 91

Culture How To Comparison Course 91

Recruiting Daily Advisor

FEBRUARY 17, 2020

Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR ® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. The point here is that compensation can be used to incentivize employees to focus on specific things. Source: Andrii Yalanskyi / shutterstock.

Compensation 105

Compensation Comparison Retention Course 105

Devskiller

DECEMBER 8, 2023

Employee retention rate is a critical metric in the corporate world, serving as the barometer of a company’s ability to maintain a stable and committed workforce. Mastering the art of employee retention is essential for the success of any organization.

Retention 62

Retention Strategy Trends Compensation 62

Recruiting Daily Advisor

FEBRUARY 27, 2023

Retention Who is staying and why? By analyzing the turnover data from a demographic perspective, comparisons can be made to identify red flags and inform strategic initiatives. Compensation Equal pay for equal work is a must. Employee Demographics To get where you want to go, you first need to know where you are.

Diversity 110

Diversity Survey Comparison Sports 110

ApplicantStack

APRIL 19, 2024

Along with education and experience requirements, compensation immediately determines if someone will apply for the job or move on to the next one. Since the Beehive State has similar demographics and economic characteristics, it served as a good comparison. Stand Out: Part of an employee’s compensation package is perks and benefits.

ApplicantStack 89

ApplicantStack Social Media Compensation Policies 89

HRsoft

DECEMBER 7, 2015

Compensation is one lens that gives management a perspective on the issue of disengagement and turnover. After a Stay Interview, the line manager creates a ‘Stay Plan’ to grow the potential and expand the horizons of workers – eventually boosting engagement and retention. Stay interviews are not a fad. They are here for the long haul.

Software 76

Software Comparison Retention Compensation 76

Achievers - Recruiting

MAY 15, 2024

Companies that prioritize frequent, meaningful recognition alongside personalized rewards see improvements to key areas of the business including, engagement, retention, sense of belonging, and overall better connection to team members. For both the organization and the employee, monetary compensation will only go so far.

Software 105

Software Retail Retention Sourcing 105

Recruiting Daily Advisor

APRIL 13, 2020

Employee engagement is directly tied to employee recruitment and retention, as well as productivity. Whether they find the work unfulfilling or tedious, they don’t feel they are adequately compensated, they don’t click with their boss or coworkers, or a variety of other reasons, many employees simply lack true engagement.

Telecommunications 118

Telecommunications Comparison Government Conference 118

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It is illegal to prohibit conversations about salary in the workplace (in the US, especially) – here, it’s the explicit openness that’s emphasized in communications transparency.

Compensation 62

Compensation Workable Comparison Policies 62

Recruiting Daily Advisor

JULY 16, 2021

The benefits package should be a vital part of an employer’s attraction and retention strategy. Employers that acknowledge Gen Z’s financial priorities and invest in their benefits education will impress prospects seeking a personalized compensation package and an employer who supports them. designer491 / iStock / Getty Images Plus.

Benefits 124

Benefits Financial Healthcare Insurance 124

Recruiting Daily Advisor

DECEMBER 16, 2019

With “paid” paid time off, the financial stress of going on vacation is reduced while employee retention is boosted through incentivizing staff to stay long term. In comparison to other developed nations worldwide, the United States lacks in offering sufficient or fair lengths of paid leave for new parents.

Benefits 107

Benefits Financial Travel Transportation 107

Recruiting Daily Advisor

NOVEMBER 10, 2022

In a recent survey of nearly 6,000 professionals, Paycor found that company culture is the #1 driver of retention. Many executives grew up in the “don’t ask, don’t tell” world of yesteryear, so it might not be safe to assume that they know everything that goes into compensation decisions. Avoid apples-to-oranges comparisons.

Compensation 105

Compensation Comparison Education Culture 105

Ongig

OCTOBER 19, 2023

In comparison, 84% reported that it enables them to recruit top talent. 61% of applicants highlight compensation as the number one part of a job description , while 32% of employers believe that a competitive salary is the top reason employees quit. It can boost the company’s recruitment and retention.

Job Descriptions 59

Job Descriptions Benefits Insurance Insurance 59

Recruiting Blogs

APRIL 11, 2023

This may seem like small potatoes to a leader but it’s a big deal to the employee, particularly if their compensation or promotability is in any way tied to performance evaluation. Many organizations tie review scores directly to annual compensation increases and bonuses.

Compensation 64

Compensation Financial Tools Exercises 64

Visier - Talent Acquisition

JULY 30, 2020

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. The good news is that using workforce intelligence to understand what drives turnover can help your organization improve retention rates. Here’s the information you need to start improving nurse retention.

Retention 52

Retention Healthcare Groups Comparison 52

Recruiting Daily Advisor

DECEMBER 22, 2022

Companies across a variety of industries are being forced to do more with less, and one solution may be to leverage an organization’s training and development programs as a recruitment and retention tool. But employers can also leverage the training and development opportunities they offer employees in the compensation discussion.

Training 98

Training Comparison Compensation Study 98

Recruiting Daily

MAY 4, 2023

At Compt, we are very clear about our total compensation strategy and structure, including how we offer fair-market pay with annual benchmarking audits to ensure there are no pay gaps within our organization. For this reason, I strongly recommend using available benchmarking data instead of tying compensation to performance.

Compensation 83

Compensation Policies Culture Comparison 83

Workable

FEBRUARY 13, 2024

This article aims to provide a comprehensive overview of PTO, delving into its meaning, operation, and comparison with traditional vacation policies. This arrangement allows employees to take time off from work for various reasons—such as personal matters, illness, or vacation—while still receiving compensation. What is PTO?

Benefits 123

Benefits Tools Policies System 123

Hireology

OCTOBER 7, 2021

While many of the implications of the mandate are positive, there might also be some talent acquisition and retention challenges that arise due to vaccine hesitancy. In essence, you are encouraging your staff to get vaccinated and offering compensation in the form of a retention bonus for complying with federal regulations.

Healthcare 148

Healthcare Retention Compensation Comparison 148

Hireserve

SEPTEMBER 29, 2023

Here’s a closer look of ten of the most popular red flags, and how you can avoid them: Lack of transparency The Problem Gen Z famously won’t even apply to a job if the salary isn’t listed, and many candidates are pushing for more clarity in job ads and interviews around compensation, culture, and the business they may be getting into.

How To 78

How To Comparison Compensation Onboarding 78

Linkedin Talent Blog

MARCH 15, 2018

Tech turnover is likely driven by increasing demand and compensation. The computer games (15.5%), Internet (14.9%), and computer software industries (13.3%) drove tech turnover the most—but those rates pale in comparison to the churn you see within particular occupations. Methodology.

Industry 51

Industry Retail Sports Retention 51

Recruiting Daily

JUNE 24, 2015

Giving up this time is like throwing away cash, and if you don’t use your PTO, then you forever forfeit the right to complain about your compensation, because clearly you’ve got enough. They have to let you take it, or pay you for it if you can’t come up with a Plan B. Take a damn day. It’s simple.

Policies 40

Policies Retention Travel Hotels 40

Hireserve

DECEMBER 5, 2022

This is an important metric for HR to track because a high voluntary turnover rate may indicate an issue with company culture, onboarding, compensation, or many other factors. However, a metric on its own is not particularly useful without context or points of comparison. Involuntary turnover. The number of separations was 12.

How To 78

How To Onboarding Retention Reference 78

Social Talent

MAY 25, 2023

What visibility really means when it comes to internal opportunity Even though H&M’s numbers around internal mobility are incredibly high in comparison to the average, they still seek improvement. So the data is quite clear on retention and maintenance of staff and keeping staff in your business. We’re not there.

Mobile 185

Mobile How To Retail Course 185

Recruiting Blogs

OCTOBER 25, 2022

A positive onboarding experience has been proven to strengthen employee retention. These people have a unique vantage point to make accurate comparisons between your company and the industry as a whole – reminding your workers of how great your company is. Plus, you don’t want them to feel taken for granted. Boosting Team Morale.

Benefits 64

Benefits Hiring Onboarding Social Media 64

Contract Recruiter

MARCH 14, 2022

You can see a comparison and a more detailed breakdown from SHRM here. What pressures result in higher turnover, such as compensation? After all, no company in the world has a 100% retention rate. It’s important to note that turnover rates vary extremely widely. What is Employee Attrition?

Chemicals 98

Chemicals Retail Comparison Industry 98

The Getwork Blog

JULY 20, 2017

The NYC legislation states, “When employers rely on salary histories to determine compensation, they perpetuate the gender wage gap. Next, for SMBs, it can be difficult to do apples-to-apples comparisons internally. Consider subscribing to compensation software from companies like PayScale to ensure you get accurate data.

Comparison 45

Comparison Compensation Government Policies 45

BountyJobs

JULY 5, 2018

Total Compensation Increased for Security-Cleared Workers. The Numbers: Total compensation has risen 7% since 2017 to $93,004 for workers with security-clearances per data from ClearanceJobs. Outdated Tech in the Office Hurts Retention. Loan officer: $68,000; 11.7%. Tax supervisor: $96,944; 5.9%. Staff auditor: 64,209; 5.4%.

Financial 10

Financial Study Survey Comparison 10

Achievers - Recruiting

MARCH 26, 2019

Employee Retention. Employee Retention. Measuring the emotions of your human resources can feel elusive by comparison, so its easy for someone who loves numbers to just put the matter aside. The percentage of your overhead dedicated to employee compensation probably ranges from 15 to 50 percent, depending on your industry.

Chemicals 49

Chemicals Energy Culture Facebook 49

Visier - Talent Acquisition

NOVEMBER 15, 2017

With voluntary resignations at an all-time high and unemployment rates historically low, employee retention is a key objective for most HR organizations, and employee turnover is the single most prevalent HR metric. Why should HR make employee retention a priority? One third of new hires quit their job after about six (6) months.

How To 75

How To Retention Groups Data 75

Linkedin Talent Blog

JULY 10, 2022

You know exactly what you’ll be paid before you even interview, you know that you’re being compensated fairly compared to your colleagues, and you know what your potential is for growth. Whereas if you know you’re being compensated fairly, you might be willing to put in extra effort. for every $1 earned by a man.

Compensation 49

Compensation Retention Study Comparison 49