Tackling Total Rewards: A System for Communicating Employee Benefits

ClearCompany HRM

Total rewards is a system that looks beyond the paycheck and examines the comprehensive benefits an employee receives, or that an employer offers. Some people come by their total rewards packages internally, building them specifically to attract a certain type of employee.

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3 Trending Employee Benefits You Should Offer

Yello

When it comes to employee benefit offerings, Generation Z job seekers are just like their millennial and Generation X colleagues. But with so many unconventional benefits to compete with, it can be hard to prioritize which ones are the most important for your company to offer.

Are bonuses the key to hourly staff retention?

Business Management Daily

No wonder you have a sneaking suspicion that some of your employees may be looking for new jobs elsewhere. It’s going to take some creativity to win today’s recruitment and retention battles. Some employers have decided that significant investments in bonus plans are worth a try.

Employee benefits: A guide on common and best benefits

Workable

Employee benefits have become an essential part of any competitive compensation package. From law-mandated insurance to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Why do employers offer benefits to employees?

5 Insanely Great Company Perks That Will Draw Top Talent

Achievers

Incentive Magazine revealed employee benefits are more valuable than ever – according to MetLife’s 10th annual study of employee benefits trends, there is a strong relationship between satisfaction with benefits and overall job satisfaction.

Does Your Recruitment Process Meet a Candidate’s Needs?

ApplicantStack

In the third article in our series on the psychology of recruiting, we discuss the way in which the recruitment process meets the needs of the candidate. See the first two articles Types of Unconscious Bias in Hiring and Onboarding New Employees with Social Learning.).

How to Retain Young Talent in a Job-Hopping Culture

ACI Specialty Benefits

There used to be an unspoken social contract between employers and employees. These changing values are reflected in the job-hopping culture of Generation Z (Gen Z) employees. This kind of turnover comes with a cost: Companies lose time, money, and business with each lost employee.

Attract And Manage Top Talent In Your Small Business

SuccessFactors

For a small business owner, attracting and managing these vital employees can be a source of high anxiety. Stand out with your benefit offerings. Maybe you don’t have the ability to woo talent with big signing bonuses and salaries. Improve employee engagement.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

We often see employees as tools, workers, and instruments for a greater goal. An asset that you chose the day they were recruited. Yet, some companies do not put the proper attention to growing and retaining even their most capable employees. Employee Experience & Benefits.

The Employee Experience: how the right benefits can bolster engagement

Interact-Intranet

We often see employees as tools, workers, and instruments for a greater goal. An asset that you chose the day they were recruited. Yet, some companies do not put the proper attention to growing and retaining even their most capable employees. Employee Experience & Benefits.

Best Benefits for Engineering Firms

Winston Benefits

Engineering firms often face double the difficulty when recruiting: They need people with strong tech skills, and people with strong craft skills. As a result, engineering firms offer top-of-the-line employee benefits to get the talent they need, although benefits packages can vary widely across an organization, depending on the position, location and collective bargaining status. Here are some of the top benefits among engineering firms.

5 Simple Wins Benefits Strategies Often Miss out on

Bonusly

Are your benefits strategies evolving quickly enough to stay competitive? Employees don't need to work in the same room, or even the same country to achieve their objectives. Benefits are more powerful when they're aligned with, and supportive of your organizational culture.

#6Things: Louboutins, Intelligent TA & Sackett To Me!

marenated HR

Seems like common sense, but many companies squander the opportunity to make their employee benefits (and all other workforce) surveys awesome. You won't want to miss this free high-volume recruiting advice from @TheRobMcIntosh in #6Things: Click To Tweet. BONUS LINKS!

Developer Job Offer Letter template

Workable

Beyond traditional employee benefits , like paid vacation days and health insurance, consider offering perks and benefits popular among developers and include them in your offer letter. open spaces for team collaboration, communal areas to interact with coworkers during breaks and private rooms if employees want to work quietly.). Bonus: [ If applicable, mention any bonus options you offer, e.g. $X sign-on bonus.]. These benefits include: ].

Sales Job Offer Letter template

Workable

Compensation packages for salespeople often include performance-based commission or standard bonuses (when the entire sales team achieves quotas, or when the entire company achieves its goals.) Bonuses. Motivate potential sales hires to go beyond targets by offering incentives when they outperform their established goals. account management, account executives) or number of sales employees. These benefits include: ]. Bonus options. Employee benefits.

Companies Use Pay Alternatives to Keep Employees Around

Compensation Today

Twitter recently announced that it would be releasing previously unreleased stock shares to the employee pool. This comes on the heels of somewhat stagnant growth and the company’s efforts to retain key employees with generous bonuses. Non-salary incentives – the future of comp?

Effectively Managing Employee Vacations During the Summer

Synergy

PTO is a vital employee benefit that gives your workforce a much-needed break, keeps them engaged, and maintains a healthy work-life balance. However, managing employee vacations can become a huge challenge for HR and departmental managers. Incentives for Working Normally.

The Best Features of a High-Performance Engagement and Retention Strategy

CakeHR

At the same time, businesses of all kinds have started to struggle with employee engagement. The reality, however, is that poor employee engagement is a common problem in every industry, despite the many attempts made to improve it. Employee health. Focus on Employee Recognition.

3 Must-Read Digital HR and HR Tech Articles of November 2018

Digital HR Tech

The top articles of November feature a piece on employee referrals, an item about recruiting podcasts, and an article that gives you 7 practical tips on how to start with Continuous Improvement in HR. Just Google ‘Employee Referral program’ and get started.

Types of HR Software: A Guide

Capterra

But how do you choose between things as seemingly similar as “attendance tracking” software and “employee scheduling” software? Bucket 1: Benefits-Focused Software. This bucket includes all the types of HR software relating to managing the compensation of employees.

Cash is Still King When it Comes to Compensating and Engaging Workers

Compensation Today

Taylor, CPC, PHR, SHRM-CP, PayScale Senior Blogger When I wrote Golden Carrots Don’t Produce Employee Engagement last year, little did I know just how much this would ring true for 2016. Compensation is more than just developing incentive plans and giving people small annual raises.

Unlimited PTO—The Good, The Bad, The Best Practices

PlanSource

One of the primary (though often overlooked) benefits of providing an unlimited PTO policy is potential savings incurred through losing accrued paid vacation time on your company’s liability sheet. Support Recruiting and Retention. Some Employees May Take Advantage.

Benefits and Rewards – Why Employees Want More

NGA Human Resources

This is the openness of younger employees when it comes to discussing salaries. The worst scenario is that one employee thinks another is earning more than they are when in fact this is not the case. Benefits are good for cashflow and retention. Employees want more!

Benefits and Rewards – Why Employees Want More

NGA Human Resources

This is the openness of younger employees when it comes to discussing salaries. The worst scenario is that one employee thinks another is earning more than they are when in fact this is not the case. Benefits are good for cashflow and retention. Employees want more!

Healthcare HR and Employee Retention: 6 Key Factors to Consider

Precheck

Healthcare HR and Employee Retention: 6 Key Factors to Consider Nov. One of the largest growing concerns among employers across all industries is retaining high-performing and high-potential employees. Benefits Packages. Employee Engagement.

How Healthcare Employers Can Overcome Unprecedented Turnover

Precheck

And while those numbers apply to all healthcare employees, the stakes get even higher when you look at care providers. The problem is that employees feel they can readily go elsewhere. Improve Employee Engagement. Johnson recommends soliciting feedback often from employees.

Why HR is Important – Even for Startups

marenated HR

It’s difficult to manage the paperwork, the compliance forms, even something as (seemingly) simple as recruiting and hiring becomes another burden. In fact, leaders typically will tap into their personal networks until they reach 50-70 employees. We use KinHR to administer benefits.

Why HR is Important – Even for Startups

marenated HR

It’s difficult to manage the paperwork, the compliance forms, even something as (seemingly) simple as recruiting and hiring becomes another burden. In fact, leaders typically will tap into their personal networks until they reach 50-70 employees. When you have more than a handful of employees, that trail becomes increasingly complex. When you have more than a handful of employees, HR can help with the various compliance complexities.

HSA vs. FSA vs. WSA: Which is Best For Your Employees?

Collage

But it doesn’t have to apply to employee benefits. Employee spending accounts, including HSA or FSA options, are a hot topic in employee compensation right now precisely for their ‘golden trifecta’: flexibility, affordability, and ease-of-use. Two current trends are bringing employee spending accounts to employers’ attention. First, today’s workforce has come to expect employee health benefits as part of their total compensation package.

The rise of flexible benefits – employees expect more from their reward package

NGA Human Resources

So too has the traditional “reward package”. The expectation from employees and employer now is for more flexible payment options, delivered in parallel with a well-planned benefits and rewards strategy. Flexible benefits evolve to support the employee through these changes.

A Quick-Start Guide to Creating a Salary Structure for Your Company

Insperity

Not to mention, it can help you retain your current employees, as well as make your recruiting, hiring and promoting efforts more focused and easier to execute. You can extract the market rate data and analyze it based on simple comparisons – the dollar and percentage differences between what employees are paid at your company and what the market rates are for similar positions – and more advanced statistical procedures. Get your current employees up to par.

Hiring? Use These Job Offer Letter Samples and Templates

Zenefits

A strong job offer letter is the first step in a successful recruitment process and creating a qualified workforce. Depending on your organization’s onboarding procedures, hiring managers can choose to send a minimalist-style letter, which includes a brief recap of the offer information or a detailed offer, which includes benefits information, pay schedules, and more. Discretionary Bonus: [Bonus Amount].