Remove Comparison Remove Compensation Remove Retention and Turnover Remove Retirement
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Hiring a Compensation Consultant: 7 Steps for Nonprofits

Astron Solutions

Your nonprofit organization might find that it needs some outside guidance around compensation for any number of reasons. Lowering turnover , strengthening your recruitment strategies , and conducting custom sector surveys are all common reasons for nonprofits to hire a compensation consultant.

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Employee Retention Rate: All You Need to Know

Analytics in HR

It’s also forcing employers to rethink their talent acquisition and employee retention strategies to keep up to pace with these constant changes. This means that employee retention rate is one of the most important HR metrics that can help you understand how well your organization retains its employees. Let’s dive in.

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. In an ESOP plan, the employees own these stocks, which are sometimes turned into an individual retirement account. ESOP plans are one of the best ways of employee retention and loyalty.

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Employee Compensation: Everything you Need to Know

Astron Solutions

As an HR leader for your organization, you know that employee compensation is not just something you determine when you hire a new team member and then forget about. In fact, how you compensate a team member should reflect their performance and will often change throughout their journey with your organization. Ready to learn more?

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ESOP vs 401k: Which One is Better?

HR Digest

Retirement plans are a basic necessity for companies that wish to retain employees. It is a retirement plan that gives full ownership to employees. Retention rates are higher because employees tend to feel more satisfied working in a company that offers ESOP. Turnover rates may be high because employees are less satisfied.

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All You Need to Know About Profit-Sharing

Vantage Circle

Are you looking for a different way to compensate your employees? According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. But, the options may be limited in comparison to larger companies. Thus, implementing such a plan results in enhanced employee retention.

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10 Workforce Intelligence Cures for Improving Nurse Retention

Visier

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. A high turnover rate puts hospitals at risk by increasing costs and potentially impacting the quality of patient care. Here’s the information you need to start improving nurse retention.