Remove Benchmarking Remove Bonuses and Incentives Remove Discrimination Remove Retention and Turnover
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Employee compensation – what you need to know and why

Workable

Health insurance, life insurance, disability insurance, 401k matching, stock options, employee assistance programs, profit sharing, paid time off, sick days and additional incentives could all potentially be included in an employee benefits package and would count as compensation.

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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. Reduce turnover. This could be the case if, for example, you have a high turnover rate and exit interviews reveal that compensation is a significant reason workers are leaving.

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It’s time to review your compensation strategy

Business Management Daily

They worry such a measure will leave insufficient funds to give raises to existing workers, which would lower employee engagement and jeopardize retention. Relevant parts of the document also can be shared with workers so that they understand the general pay scale and incentives for exceptional employee performance.

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How to Build Fair Pay Grades and Salary Ranges

Zenefits

It can reduce turnover, your employees will work harder, and transparency protects them against wage discrimination. Transparency is also crucial here, and making your pay grades more transparent can help your company reduce turnover: People who left their jobs this year saw their pay jump by nearly 7%.

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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. Using HR tech to drive retention Providing an exceptional employee experience is crucial for retaining your people during uncertain times.

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6 ways Bob helps retain top talent during uncertain times

Bob

Employee morale can plummet as people fear for their jobs, which has a knock-on effect on employee engagement, productivity, and retention. Using HR tech to drive retention Providing an exceptional employee experience is crucial for retaining your people during uncertain times.

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Pay transparency: the pros, the cons, and best practices

Workable

Outcome transparency involves disclosing the actual compensation figures, such as specific salary ranges or benchmarks for different roles and levels within the organization, allowing employees and candidates to see where their pay stands relative to those benchmarks. Arguments against pay transparency OK, it’s not all roses and cream.