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Employee Retention: The Key To Driving Cost Savings And Fighting Inflation

Chief Executive

The Power of Retention Many companies spent the last few years offering large financial incentives to employees seeking new positions, driving up the market rate for a wide range of workers. Of course, retention-related cost savings aren’t just from salaries. while improving worker experience, hiring speeds and talent quality.

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Niche Staffing: How to Find and Hire a Specialized Agency

Zenefits

And niche staffing is a possible solution. Businesses that can’t risk hiring mediocre talent or someone unfamiliar with their industry should see what specialized staffing agencies offer and find 1 that’s focused on the kind of workers they need. Pros and cons of niche staffing versus general staffing.

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Wage Increase Demands Up Nearly 20% in Two Years; Benefit Offerings Lag Behind

Refresh

Benefits, however, will gain less ground as only 50% of businesses anticipate their offerings to increase compared to 2021, according to a survey from The Harris Poll commissioned by Express Employment Professionals. Benefits Landscape. When it comes to these benefits, half of U.S. ” Alternative Compensation.

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Everything You Need to Know About Workforce Optimization

Zenefits

The goal is to get the best out of your employees in a way that benefits them and your company. Employee dissatisfaction with pay or benefits. Benefits of workforce optimization. These solutions should benefit the employee and your business. Improved staffing, efficiency, and productivity. Increased retention.

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Fluid Organization Design: Putting the “Fun in Fungible”

AlignOrg

Let’s discuss this flexible concept of hiring and staffing, often referred to as fungible talent. And that’s the beauty of fungible talent – when it’s done right, it creates an environment where employees can thrive while organizations increase creativity, improve retention rates and become more responsive to market changes.

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Key Human Resources (HR) Pillars: Your 101 Guide

AIHR

HR drives and provides oversight to these functions, which include: Workforce strategy : HR should drive a company’s workforce strategic plan , which includes assessing staffing needs, both in numbers and skills, maintaining competitive pay and benefits, supporting the performance management and career development process.

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Overstaffing: Why It Happens and How To Avoid It in 5 Steps

AIHR

While the instinct may be to avoid layoffs, this can result in a retention of excess staff, creating a delicate situation that requires careful navigation. Workforce constitutes a significant chunk of organizational expenditures, encompassing salaries, benefits, and other compensation-related expenses.