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Top Reasons for High Turnover Rates (And How to Lower Them)

Zenefits

It can cost up to 200% of their annual salary to replace highly trained employees and executives. Career Development. Problem: Employees lack opportunities for career advancement. Problem: Employees lack opportunities for career advancement. No one wants to stay in a dead end job.

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What Are Employee Benefits and Why Do They Matter?

Zenefits

More common offerings include health benefits, paid time off, and a retirement plan or pension plan for eligible employees. Consider paying for extra training and course credits for employees who want to further their skill sets. Or offer planning services that help employees map out educational paths for career development.

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Best Questions to Put in Your Employee Benefits Satisfaction Survey for 2022

Zenefits

For example, some may prioritize flexibility and parental leave over career development opportunities. Others may value retirement plans more than health insurance, particularly if they are eligible for health coverage under their spouse’s plan. Additional questions: How satisfied are you with your retirement plan?

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How Small Business Employees Really Feel About Their Benefits and Perks

Zenefits

For a closer look at how employees really feel about employer-sponsored benefits, Workest and Zenefits surveyed more than 1,100 full-time, W2 employees who work at small or medium-sized businesses. Career development courses / training. With uncertainty of the economy, I can make changes to my retirement.

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7 Challenges Facing HR Departments in 2018

Zenefits

Stan Kimer, president of Total Engagement Consulting by Kimer , a career development consultancy firm, agrees. The battle for top talent is going to become more fierce as the number of retiring baby boomers far outstrips new skilled entrants into the workforce,” he says. “HR Experiential training is much more effective.”.

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Staff Attrition vs. Staff Turnover: What’s the Difference?

Zenefits

Milestones like retirement, passing away, moving, layoffs, and changes in health are all examples of natural reasons employees choose to leave their organization. Milestones like retirement, passing away, moving, layoffs, and changes in health are all examples of natural reasons employees choose to leave their organization.

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How to Identify and Keep a High-Potential Employee

Zenefits

Employees today place significant value on career development. Read on to learn about high-potential employees, why you should hold on to them, and how to identify, develop, and retain them. 94% of employees said they would remain with their employer longer if they offered more career development opportunities.