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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). History of benefits compliance. Employers have been offering employee benefits since the late 1800s. Retirement.

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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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What Is a Good Retention Rate and How Do You Achieve and Maintain It?

15Five

A business of any size can benefit from measuring employee retention. For example, retail, hospitality, and travel industries typically see a lower retention rate as they have a higher employee turnover rate. The goal of onboarding is to set employees up for success and ensure they go from outsiders to insiders in the organization.

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10+ Employee Retention Strategies for 2023 to Keep Your Top Talent

AIHR

Strengthen your employee onboarding Research by Brandon Hall Group found that strong employee onboardin g can boost employee retention by 82%. But a poor onboarding process (or lack of one) can prevent new hires from knowing what they need to do to succeed and leave them feeling unhappy at work.

Retention 105
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Develop Your Talent Acquisition Strategy With 6 Practical Examples

AIHR

A record number of employees voluntarily quit their jobs during the pandemic, particularly in the hospitality, retail, and healthcare sectors. Hiring and onboarding The onboarding process begins once a candidate receives a formal offer, accepts, and is officially hired by the company.

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HR Headaches: How Can I Offer Abortion Travel Reimbursement While Respecting My Employees’ Privacy?

Zenefits

With the recent Supreme Court decision to reverse federal protections for abortion rights, abortion benefits have become more difficult, but not impossible. Outside of the logistics of providing abortion benefits , the impact of this approach on employee privacy is another concern. Balancing privacy with processing travel costs.

Travel 52
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What is brain drain?

15Five

In some industries, like hospitality, high turnover is the norm. Compensation Low compensation is the most obvious reason for brain drain. Turnover is also expensive at the best of times – it’s costly to attract, hire, and onboard new talent, not to mention the productivity that is lost while new employees get up to speed.