Zenefits

AUGUST 24, 2022

Specifically, the labor shortages that caused hiring and retention challenges in 2021 will likely continue through 2022. This means employees will have more bargaining power in 2022, including when it comes to negotiating better benefits. The importance of employee benefits satisfaction surveys. Areas of improvement.

Benefits 52

Benefits Insurance Administration Onboarding 52

Zenefits

NOVEMBER 3, 2022

To help fill the gap, you can offer supplemental benefits. Traditionally speaking, supplemental benefits are insurance products that help pay for health-related expenses not covered by major medical insurance. You can offer supplemental benefits through your insurance carrier. Who pays for supplemental benefits for employees?

Benefits 52

Benefits Insurance Hospitality Administration 52

Zenefits

OCTOBER 20, 2022

Since 2021, there has been an 11% spike in worker financial stress. More financial service benefit options for employees. To make things easier and build trust, you can offer different financial service benefits for your employees. But what are these financial benefits? But what are these financial benefits?

Benefits 52

Benefits Retention Compensation Small Business 52

Zenefits

SEPTEMBER 14, 2022

In today’s tight labor market, you must offer competitive wages and benefits. Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. Wages rose more than 10% from May 2021 to May 2022. Simplify benefits administration.

Compensation 59

Compensation Benchmarking Benefits Insurance 59

Chief Executive

APRIL 25, 2023

In fact, a recent Deloitte survey found that vision and purpose are important aspects for talent retention and hiring, and that 54% of managed investment assets will be ESG-mandated by 2024. Benefits are coming into focus. Integrating ESG within a company’s strategy can have benefits to sustainable business performance and value.

Compliance 52

Compliance Accounts Retention Benefits 52

Zenefits

SEPTEMBER 8, 2022

Simplify benefits administration. Simplify benefits administration. Companies that shut down, either completely or in part, during the pandemic were getting back to business as usual in 2021. Employees went looking for higher pay and better benefits. A record number of small businesses opened up in 2020 and 2021.

Benefits 102

Benefits Insurance Accounts Administration 102

Zenefits

JUNE 8, 2022

The first is seasonally adjusted data, which takes into account the difference in seasonal hiring when calculating the rate. In 2021, 47 million workers quit their jobs, but that isn’t the full story. Revisit benefits packages. As a result, ensuring that your company culture is inclusive and healthy can improve retention rates.

Administration 98

Administration Onboarding Retention Benefits 98

Zenefits

AUGUST 30, 2022

This allows companies to rely on lean but well-structured benefits packages. In particular, the following industries have increased hiring since 2021: Education. A hiring freeze is an ideal time to shift your focus from recruiting to employee retention. Simplify benefits administration. Simplify benefits administration.

Implementation 98

Implementation Recruitment Retention Onboarding 98

Zenefits

JUNE 30, 2022

While remote work and hybrid workdays used to be a unique benefit, the 2020s have made this style nearly mandatory for most job seekers and employees. Let’s explore why you should strengthen your hybrid inclusivity environment, and steps on how to go about it that can benefit all types of workers. Simplify benefits administration.

Inclusion 98

Inclusion Diversity Implementation Retention 98

AIHR

NOVEMBER 13, 2023

Recent employee experience statistics show that EX has a profound effect on talent acquisition, engagement, retention, and business results. trillion and accounts for 9% of the global GDP. Zenefits, 2019) Retention challenges show the importance of not just attracting talent, but also creating an environment where they want to stay.

Inclusion 93

Inclusion Diversity Retention Compensation 93

Zenefits

JUNE 23, 2022

If you don’t offer enough sick days, it can hurt your attraction and retention rates. According to the BLS , in March 2021, 79% of U.S. Per the BLS , 77% of private sector workers had access to paid sick leave in March 2021. According to SHRM’s 2022 Employee Benefits Survey : 96% of employers offered paid sick leave.

Government 105

Government Administration Banking Benefits 105

Zenefits

APRIL 6, 2023

Health care coverage is a benefit that most full-time employees expect. And many part-time employees want to work for companies offering health insurance benefits. Small companies, as defined by federal law in this instance, don’t have to offer their staff a health benefit plan or provide health coverage of any kind.

Small Business 52

Small Business Insurance Benefits Retention 52

Zenefits

FEBRUARY 1, 2023

Extensive benefits packages that include adoption assistance have grown in popularity for this reason. Understanding and catering to their parental needs reap great benefits for a company. Understanding and catering to their parental needs reap great benefits for a company. Plus, they still deliver benefits to all employees.

Inclusion 64

Inclusion Benefits Advertising Diversity 64

Zenefits

JUNE 8, 2022

Employee benefits often extend to a worker’s family — including children. And these family-oriented benefits are needed more than ever. Employers can boost retention and morale by investing in mental health resources for workers’ children. 8 child-centered employee benefits companies can offer. Increased team size.

Benefits 52

Benefits Retention Employee Relations Administration 52

Zenefits

JULY 14, 2022

Vacation time, or paid time off (PTO), typically ranks highly on the list of benefits professionals demand from employers today. If you offer vacation time — or simply paid time off — as part of your employee benefits, you should work to make sure your workforce uses it. What is the typical vacation benefit?

Benefits 52

Benefits Retention Performance Review Implementation 52

Zenefits

AUGUST 24, 2022

Giving employees free days where they can take time off and still receive payment can help improve their work-life balance and improve retention for your company. But not all PTO provides the same type of benefits. Here’s what to consider with your paid time off policies to make them provide the most benefits to your workers.

Benefits 52

Benefits Administration Onboarding Retention 52

Zenefits

AUGUST 29, 2022

In 2021, hourly employees accounted for 55.8% Simplify benefits administration. Simplify benefits administration. Next are strategies to strengthen engagement and retention among your hourly people. Identify strategies for engagement and retention. Provide competitive wages and benefits.

Benefits 52

Benefits Compensation Retention Compliance 52

Zenefits

SEPTEMBER 22, 2022

LinkedIn reports that the top 3 areas of focus for learning and development training programs in 2021 were: upskilling and reskilling (59%), leadership and management (53%), and virtual onboarding training (33%). Benefits of employees’ training courses. There is another benefit to consider. Leadership training.

Compliance 52

Compliance Onboarding Benefits Administration 52

Zenefits

DECEMBER 28, 2022

CompTIA’s Workforce and Learning Trends 2021 report found 66% of companies planned to add more tech staff. Provide benefits like health insurance and flexible time off. In August 2021, CompTIA reported IT job openings reached a 2-year high , but unemployment rates for tech workers were at a 2-year low. No account yet?

Recruitment 64

Recruitment Engineering Human Resources Diversity 64

Vantage Circle

JUNE 16, 2021

One of its benefits is that it provides employees with instant gratification for their contributions to the company. Thus, implementing such a plan results in enhanced employee retention. A certain amount of money is allocated to an employee's account every year. Benefits of Profit-sharing. Hybrid Profit-sharing Plan.

Compensation 52

Compensation Benefits Retention Revenue 52

Zenefits

AUGUST 24, 2022

They can also have trickle-down effects that affect employee retention. Employee reviews can help your company improve its culture and retention by making the workplace more equitable and inclusive to all. Negative employee reviews can affect everything from recruitment to retention to revenue. Simplify benefits administration.

Retention 98

Retention Media Recruitment Small Business 98

Zenefits

JANUARY 15, 2023

Facilitating an aware environment can help increase the retention of valuable talent. workers left their jobs in 2021. With more knowledge and chances for advancement, businesses will see more retention of their Millennials and Gen Zers. No account yet? Millennials and Gen Zers both recognize their human needs.

Inclusion 99

Inclusion Diversity Retention Compensation 99

Vantage Circle

SEPTEMBER 20, 2022

A simple "thank you" can make employees feel more appreciated and help boost retention rates. Recognition is intended to increase not only individual employee engagement but also productivity and commitment to the organization, resulting in higher retention. Employee Recognition During Times of Crisis.

Employee Engagement 105

Employee Engagement Retention Human Resources Recruitment 105

Zenefits

JUNE 16, 2022

According to a recent report from GoodHire , managers have an enormous effect on employee retention. Burnout for non-managerial workers sat at 27% in 2021. Managers can certainly relate because their burnout numbers skyrocketed from 28% in 2020 to 35% in 2021. Simplify benefits administration. No account yet?

Manager 52

Manager Onboarding Administration Retention 52

Zenefits

AUGUST 30, 2022

Inflation hit the American worker in their bank account, but it doesn’t end there. since 2021, that still comes to less than half the inflation rate. Consider the value of other benefits, as well. Organizations should not discount the value of other benefits, though. That means U.S.

Benefits 59

Benefits Accounts Administration Onboarding 59

Zenefits

SEPTEMBER 4, 2022

Conversations surrounding hiring practices and retention rates have always been a component of business. The number climbed to 9 million by the spring of 2021. Cost of benefits and insurance offerings. Large organizations or those with specific hiring needs may benefit from using a recruiting agency. Automate payroll.

Recruitment 96

Recruitment Onboarding Administration Benefits 96

Zenefits

AUGUST 30, 2022

For example, AAUW reported in 2021, women still made only 83% of what men earn. Another potential benefit of open compensation is that your current employees know what to expect along their career journeys with your company. Simplify benefits administration. Simplify benefits administration. Retention risks.

Compensation 93

Compensation Administration Onboarding Implementation 93

Zenefits

DECEMBER 2, 2022

Health benefit costs rose 6.3% in 2021 and increased 5% on average in 2022. What was once a $10,000 employer cost in 2021 turned into $10,500 in 2022, which will increase again to about $11,200 in 2023. For the premium paid by the employee, this looks more like $2,500 in 2021, $2,670 in 2022, and $2,830 in 2023.

Insurance 52

Insurance Hospitality Benefits Administration 52

Zenefits

JANUARY 30, 2023

Many US businesses began feeling the effects of inflation in the middle of 2021. To be competitive, companies are offering: Better compensation Fancy benefits Financial stipends Job seekers are trying to conquer inflation just as businesses are. In-person employers can significantly benefit from contributing to travel costs.

Transportation 52

Transportation Travel Compensation Benefits 52

Zenefits

NOVEMBER 25, 2022

How can a 4-day workweek benefit your organization? Implementing a 4-day workweek can benefit the organization just as much as its employees. Implementing a 4-day workweek can benefit the organization just as much as its employees. However, implementing a 4-day workweek can benefit the organization just as much as its employees.

Benefits 52

Benefits Implementation Retention Compensation 52

Zenefits

NOVEMBER 3, 2022

billion on professional development in 2021. Benefits of workplace training programs. Employee training programs can have several valuable benefits, including: Employees who are more motivated and engaged. What benefits they can expect. Increase employee retention and morale. A safer, more efficient workplace.

ROI 52

ROI Compliance Travel Benefits 52

Zenefits

MAY 22, 2022

If your recruitment budget is out of control, it might be time to increase your retention budget. The case for upping your retention game is strong these days. The Bureau of Labor Statistics recently published that average hourly wages increased between February 2021 and February 2022, from $30.04 No account yet?

Marketing 52

Marketing Retention Recruitment Compensation 52

Zenefits

JUNE 20, 2022

In 2021 they published their findings that are laced with insights. As the report explains, “The goal of creating a completely healthy organization is too broad to be attained by adding a set of benefits and well-being programs.”. Simplify benefits administration. Simplify benefits administration. No account yet?

Benefits 95

Benefits Administration Onboarding Human Resources 95

Zenefits

SEPTEMBER 4, 2022

No matter the reason, organizations benefit when they conduct an exit interview. So many workers quit their jobs in 2021 that the phenomenon earned a nickname: “ The Great Resignation.”. In 2021, The Pew Research Center conducted a survey to figure out why so many employees were quitting their jobs. Answer to see the results.

Administration 52

Administration Benefits Onboarding Human Resources 52

Zenefits

FEBRUARY 10, 2023

The job may have better pay, benefits, and flexibility than your previous job. employees quit their positions in 2021, according to the 2022 Retention Report by the Work Institute. The probationary period may not come with benefits, such as health insurance or PTO, available to non-probationary employees.

Onboarding 52

Onboarding Human Resources Insurance Benefits 52

Zenefits

JULY 1, 2022

Paid time off (PTO) is a core employee benefit that promotes work-life balance. In March 2021, after 1 year of service, private-sector workers received an average of: 11 paid vacation days per year. The BLS said in March 2021: 77% of private industry workers had access to paid sick leave. No account yet? Average PTO: BLS.

Government 52

Government Retention Benefits Human Resources 52

Zenefits

OCTOBER 13, 2022

The job-board giant Indeed surveyed more than 4,000 job seekers and about 900 employers in 2021 to gauge ghosting’s prevalence in recruiting. Indeed found that: Ghosting by job seekers in 2021 (28%) was up from 18% in 2019. Simplify benefits administration. Simplify benefits administration. No account yet?

Recruitment 59

Recruitment Administration Onboarding Staffing 59