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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. Wages rose more than 10% from May 2021 to May 2022. Wages rose more than 10% from May 2021 to May 2022. Improve our virtual onboarding experience. Benchmarking.

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Top 20 Employee Recognition Tools in 2021

Vantage Circle

Best Employee Recognition Tools in 2021. Benchmarking. It helps companies reinforce their core values and, at the same time, drive employee engagement and retention. Benchmarking. It is about making a difference in employee engagement and retention, which is a difficult task in a hybrid work model. Motivosity.

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What Is the Average Number of Sick Days in the U.S.?

Zenefits

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. Improve our virtual onboarding experience. Improve our virtual onboarding experience.

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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. In fact, between 2021 and 2022, financial wellness benefits shot up from the 3rd most desirable benefit to the 1st. Considering that the average student debt in 2021 was around $30,000 , many employees will still need help, even if a portion is canceled.

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Employee Turnover Continues to Increase with an Average Annual Cost of $57,150

Refresh

hiring managers say their company is experiencing increased turnover, up from 44% in late 2021. Retention has replaced recruiting as the top employment issue with many of our clients, says Greg Sulentic, Express franchise owner in Nebraska. Strategies to Improve Retention. cost to rehire, lost productivity) overall.

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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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Why Employers Are Recognizing the Mental Health of Workers’ Children

Zenefits

Employers can boost retention and morale by investing in mental health resources for workers’ children. Despite the decline in unemployment at the end of 2021, half of employees said their organization was understaffed. Improve our virtual onboarding experience. Improve our virtual onboarding experience. Automate payroll.