article thumbnail

Employee Retention Strategies Go Beyond Competitive Salaries

HR Digest

Leading companies like Microsoft and Google are known for providing exceptional compensation to their employees, but not every business can afford top dollar to fill every role. Here, other forms of monetary compensation are useful as well. These can also take the form of defined wellness programs that an employee can avail of.

article thumbnail

Read ‘Em and Share: 25 Fascinating HR Statistics

Rise

47% of HR leaders cite employee retention and turnover as their top workforce management challenge, followed by recruitment and corporate culture management. 76% of HR leaders say employee onboarding practices are underutilized at their organization. 53% of HR professionals say employee engagement increases when onboarding is improved.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

4 Innovation Success Stories for HR Leaders

Silkroad

During the recent SilkRoad Connections event in San Antonio, my goal was to give the audience more hope in their future. Hack #1: Understanding Employee Benefits. I’ve had employees come to me over the years with questions about benefits because they simply didn’t understand all of the options and how they worked.

article thumbnail

5 Effective Activities for Onboarding in High-Turnover Industries

Silkroad

During orientation, give employees a roadmap that shows them how they will learn about the company and their job. This includes things like employee benefits meetings, goal-setting, and required training. Obviously, new employees don’t know many people so using video to convey information serves multiple purposes.

article thumbnail

Healthcare HR and Employee Retention: 6 Key Factors to Consider

Precheck

You have a short window to make sure they’re happy, so it must start with focusing less on paperwork and processes and more on activating employees, physicians, contractors, partners and so on, says Amber Hyatt, Vice President of Product Marketing at SilkRoad, a cloud-based talent-management solutions company. Wellness Programs.

article thumbnail

How a PEO Provides Growth Opportunities for Small Business

Tandem HR

Access to large group employee benefits. Benefits administration, billing, and claims assistance. Another survey by CareerBuilder and Silkroad Technology showed that 1 in 10 new employees left because of a poor onboarding experience. EPLI insurance and shared liability. Workers’ compensation insurance.