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Employee compensation – what you need to know and why

Workable

When people think of employee compensation, it’s usually the base salary of a position that initially comes to mind. However, total compensation includes employee benefits and perks. A generous compensation package can help attract talent, but maybe even more importantly, it can also help you keep valuable employees.

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Report: HR Trends 2024 – Navigating the Future of Work

Extensis

Get Full Report Today’s workforce demands, technological advancements, and shifting demographics are causing the human resources (HR) industry to transform rapidly. Trend 3: Advancing HR technology integration AI isn’t just in movie plots anymore—it’s here, and it’s here to stay. Take, for instance, the role AI plays in recruiting.

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How HR Support Services Contribute to Organizations’ Success

PCS

HR management concentrates on the recruitment, training, and supervision of human assets as well as the formulation of strategic plans for the company. It includes fundamental HR tools necessary for complying with federal and state standards and policies. . Enhance Recruitment, Retention, and Termination. Feedback Mechanism.

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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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SHRM’s 2023 Employee Benefits Survey: What Brokers Should Know 

Extensis

Quick look: The 2023 SHRM Employee Benefits Survey highlights the shift brokers are experiencing in how clients are prioritizing employee benefits. Therefore, rather than viewing the future of employee benefits as an “out with old, in with the new” situation, it’s better to welcome a co-mingling of the two.

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How to Optimize Your Recruitment Marketing Budget for Success

PandoLogic

What is Recruitment Marketing? Recruiting marketing involves promoting a company’s employer brand and attracting potential employees. Companies frequently promote the company’s culture, work environment, and employee benefits to appeal to top talent and encourage them to apply for open positions.

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8 Steps for Evaluating a PEO Partner’s Performance

Extensis

Most companies’ average growth rate is benchmarked between 15% and 45% year-over-year ; small businesses aim to grow 10%-25% on average within the same timeframe. To reach those growth benchmarks, businesses must ensure their strategies and partnerships are flexible enough to meet evolving demands.