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Kevin Hart’s restaurant chain becomes the latest employer to offer a student loan benefit

HR Brew

trillion as of Q4 2023, according to the Federal Reserve , a far cry from the $480 billion owed in 2006 when the Fed first started calculating the figure. Having an employer-sponsored benefit that helps restructure and even forgive [student loan] payments is a huge selling point in recruiting new employees,” Hooper said via email.

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Kevin Hart’s restaurant chain becomes the latest employer to offer a student loan benefit

HR Brew

trillion as of Q4 2023, according to the Federal Reserve , a far cry from the $480 billion owed in 2006 when the Fed first started calculating the figure. Having an employer-sponsored benefit that helps restructure and even forgive [student loan] payments is a huge selling point in recruiting new employees,” Hooper said via email.

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Predicting Employee Turnover using R

Analytics in HR

Employee turnover is a major challenge for companies today, especially when the labor market is competitive and certain skills are in high demand. Finding replacements can take months of time and effort on the part of hiring managers and recruiting staff, who are then forced to take time away from the work they could be doing.

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Evaluating Your Employer Brand

Cielo HR Leader

A recent LinkedIn study of 2,250 corporate recruiters in the U.S. found that cost-per-hire is more than two times lower for companies with strong employer brands; according to the same study, organizations with strong employer brand have 28% lower turnover rates as opposed to weak employer brands. Employee retention rates (40%).

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Key Steps to Improving Employee Retention

Energage

Why Employee Retention and Hiring Plans Matter Now More Than Ever, Part II. Turnover is costly, from lost productivity to recruitment and onboarding. Combine this with changing labor-force economics , employee retention has become a challenge leaders need to pay attention to in 2016. Take me back to Part I. Start here!

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Reduce employee turnover and improve job committment with job embeddedness theory

The HRX

A common concern across all industries is employee retention. Though various factors may contribute to turnover among personnel, recent research may shed new light on practical means of improving retention and reducing the costs associated with excessive employee turnover. What is job embeddedness?

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Reduce employee turnover and improve job committment with job embeddedness theory

The HRX

A common concern across all industries is employee retention. Though various factors may contribute to turnover among personnel, recent research may shed new light on practical means of improving retention and reducing the costs associated with excessive employee turnover. What is job embeddedness?