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How to capture institutional knowledge

Insperity

When your employees stay in the same role for extended periods, they accrue institutional knowledge – or information and understanding about the systems, relationships and tactics that make your company run optimally. However, when a well-tenured person does retire or resign, a substantial reserve of company-specific insights may be lost.

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Attrition versus turnover: What’s the difference and why does it matter?

Insperity

In business, employee attrition is a reduction of headcount for any reason, so it can be it can be any type of departure. It can be a voluntary departure like a retirement or a job change, or an involuntary departure, like a layoff or a death. And senior talent may be looking forward to retiring.

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How to Invest in ALL Employees, Not Just #Millennials

UpstartHR

The value of creating the kind of environment where employees feel appreciated is a trade off in increased performance, effort and quality. This understanding is a key reason, according to CFO Magazine, why 80 percent of U.S. financial leaders are taking the appropriate measures to improve employee retention.

ADP 203
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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

workers better prepare financially for retirement, at every stage of their employment journey. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditions and record-high inflation. The SECURE 2.0 For many U.S. The SECURE 2.0

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The Future of Benefits is Flexibility

UKG

Hence, unused PTO is like a currency that employees can extract value and use for benefits that matter to them. Employees can convert their unused PTO into anything they deem valuable, like retirement contributions, leave sharing, charitable donations, student loan payments, and more.

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Administrative Complexities Solved by Automation

Unicorn HRO

From hiring to retiring and everything in between, human resources teams are deluged with process requirements that can be cumbersome to manage and subject to human error when done manually. Employee Engagement and Collaboration. By: Timothy Diassi, Senior Vice President at Unicorn HRO. Payroll Administration.

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The You, Me and We of Career Development

HR Bartender

I’ve mentioned before that I have a tendency to stockpile magazines so I can read during flights. We have a responsibility to train employees for their current roles. It’s in the company’s best interest to develop employees for future openings as others leave or retire. Well, this year I have even more travel than usual.