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Salary Benchmarking: The Key to Attract and Retain Top Employees

Vantage Circle

You can establish what a ‘competitive’ salary is through a process called ‘salary benchmarking’ Let’s take a look at what salary benchmarking is and how you can use it to bring the best of the best to your business. What is Salary Benchmarking? How to do Salary Benchmarking 1.

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Decoding Life Insurance as an Employee Benefit

Zenefits

Designing a comprehensive but budget-friendly benefits package is 1 way Human Resources teams and small businesses can boost employee satisfaction and reduce turnover. But what benefits should you include? Generally, health insurance, PTO days, and remote work tend to be the top core offerings. Choose an insurance provider.

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Helping Employees Understand Health Insurance Costs

Zenefits

Employee health benefits continue to be a considerable competitive edge for most companies. But for businesses in which their employees select a plan from the government health insurance marketplace, open enrollment and explaining healthcare plans can be a complex topic for the HR team. Simplify benefits administration.

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7 Worst Employee Benefits

Zenefits

We know what employees want, generally, when it comes to benefits. 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. But what benefits do employees hate ? Entertainment perks.

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What You Need to Know About Providing Healthcare Benefits in 2022

Zenefits

When it comes to benefits, healthcare is at frequently the top of the list. Forty percent of employees surveyed chose healthcare benefits over competitive salaries, retirement plans, or bonuses. In a competitive job market, health benefits are more important than ever. Consider expanding health benefits options.

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How to Evaluate Your Compensation Plan

Zenefits

In today’s tight labor market, you must offer competitive wages and benefits. While employees today seek a good work-life balance and job security, they still rate salary and benefits as the top motivator. Benefits : Paid time off, sick days, holidays, health insurance, other insurance. Benchmarking.

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

Zenefits

This means employees will have more bargaining power in 2022, including when it comes to negotiating better benefits. Bottom line: if your employees aren’t happy with their benefits, it increases the chances of them accepting a stronger offer from your competitor. The importance of employee benefits satisfaction surveys.