Remove 2021 Remove Benchmarking Remove Compensation Remove Retention
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How to Evaluate Your Compensation Plan

Zenefits

Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. That means a regular review of your compensation package should be a top priority. Is it time to evaluate your company’s compensation package? Total compensation.

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Are Your Employees Eligible for Student Loan Debt Forgiveness?

Zenefits

Since 2021, there has been an 11% spike in worker financial stress. While there are other key factors of workplace satisfaction — such as professional development opportunities and inspiring leadership — employee compensation is still an important factor. Companies can deduct 25% of the compensation paid up to an annual maximum limit.

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The Great Resignation: A Classic Case Of Poor Employee Experience

Vantage Circle

million workers who quit their jobs during April, May, and June 2021. Between 2020 and 2021, employees between the ages of 30 and 45 have seen the greatest increase in resignation rates, with an average increase of more than 20%. Be More Adapting and Review Your Compensation and Benefits. Find Employees Who Are Likely to Resign.

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7 Worst Employee Benefits

Zenefits

Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. While it may be a “nice to have,” gym memberships are hardly an effective retention strategy. Too many social events.

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How SMBs Can Start Closing the Pay Gap Now

Zenefits

According to the 2021 Women in the Workplace report , White men account for 62% of C-suite posts, but just 35% of entry-level jobs. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. Using compensation data. Money/funding (12%). Prioritization (12%).

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How Much Should You Raise Salaries to Match Inflation?

Zenefits

You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages. That doesn’t mean you have to miss out on talent, because work is no longer about compensation. since 2021. Not factoring inflation into employee compensation? In 2022, a survey of U.S.

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7 KPIs to Measure Employee Engagement

Zenefits

In 2021, employee engagement dropped for the first time in a decade and the pattern has continued into this year, according to a Gallup Survey. Organizations should keep a close eye on turnover rates and benchmark them against other companies in their industry for context. That should be concerning to organizations. Promotion rate.