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How to Calculate Your Employee Retention Rate

Get Lighthouse

Do you know your employee retention rate? Ignoring retention issues can slowly kill your company, especially if the number suddenly drops sharply. Understanding your retention rate helps you recognize if you have a real problem or typical turnover for your industry. Table of contents: What is Employee Retention Rate?

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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. Benchmarking. Increase motivation and productivity.

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Best Questions to Put in Your Employee Benefits Satisfaction Survey for 2022

Zenefits

In January 2022, Glassdoor reported , “Hiring is going to be difficult in 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.

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Are Your Employees Eligible for Student Loan Debt Forgiveness?

Zenefits

Currently, the COVID-related student loan relief plan that paused payments, interest-free, is in effect until December 31, 2022. Ideally, borrowers should apply before November 15th, 2022 to avoid interest occurring on payments beginning in January 2023. What’s your biggest 2022 HR challenge that you’d like to resolve.

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How Much Paid Time Off (PTO) Is Enough?

Zenefits

PTO matters in multiple ways, including retention, recruiting, mental health, and performance. Offering PTO and ensuring employees use it increases loyalty and retention. What’s your biggest 2022 HR challenge that you’d like to resolve. No account yet? days of paid vacation on average. Why PTO matters.

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Retain and Thrive: The Stay Interview Blueprint for Success

Vantage Circle

Stay interviews have become a key strategy for organizations in a world where talent retention is as crucial as talent acquisition. Statistics on Employee Turnover and the Cost Benefits of Retention Employee turnover is more than just an operational hurdle; it's a significant financial burden.

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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. No account yet?