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What Is The Average Employee Retention Rate by Industry? [2021 Update]

DailyPay

This makes measuring employee turnover more important for employers. How can you gauge if you’re spending too much on employee turnover? What is the average employee retention rate? Compensation Force measured the level of total separations in the United States 2016 at 15.1%. READ OUR EBOOK. Employee Engagement.

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Top Investments in Compensation Communication

Compensation Cafe

There may be more worthwhile goals for a compensation department to have than pay transparency , though the national media wouldn't have you believe it. After all, how many could actually be ready for such a dramatic intervention when typical compensation communications gets a limited investment in time or money each year?

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Employee Benefits: The Only Guide You Need

Achievers

Employers are responding with a menu of voluntary employee benefits, driven by generational shifts and technology that is dramatically changing the workplace. . What are employee benefits? . Employee benefits are non-salary compensation and perks. Career development opportunities .

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What Does "Engagement" Mean These Days? And Why Should It Matter to Comp?

Compensation Cafe

Our Compensation responsibilities don't stop at numbers. They include performance management, reward strategy, career development, compensation communications, among many other key influencers of employee engagement. Count on employees feeling that way, too.

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The 5 Easiest Ways to Get Pay Increases at Work

Heyyy HR!

Often we accept a new job offer, then start the new position only to realize after agreeing to the initial pay/compensation that the work involves a lot more than we realized. When moving on to another role, even if it’s the same company, make sure to get a higher compensation than your current pay.

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Is Pay Transparency a Gift? Agree, No Opinion, Disagree

Compensation Cafe

Planning an Employee Engagement Survey for the next Fiscal Year? Right now most employee surveys address the basics: Overall satisfaction: "I am paid fairly for the work I do.". Here are a couple of examples: My manager has explained how the compensation program works. Knowledge: "I understand how my pay is determined.".

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Cafe Classic: Looking to Be More Strategic? Here You Go.

Compensation Cafe

In fact, there's at least one strategic opportunity that's staring everyone in compensation in the face. A lot has been said about what it takes to engage employees. In fact, there's been so much noise lately that we often forget what employee engagement means. Are they all in alignment?