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Measuring ROI on HRIS Implementation: A Comprehensive Guide to Assessing Value

EmployeeConnect

Improved Accuracy: Automation reduces the likelihood of human errors, ensuring accurate payroll, compliance, and employee records. Reduced Turnover Costs: Assess the impact of HRIS on employee retention. Lower turnover rates result in reduced recruitment, onboarding, and training costs.

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Working Retention Into Your Employee Lifecycle Management Strategy

15Five

The six stages of the employee lifecycle are attraction, recruitment, onboarding, development, retention, and separation. In this post, we are republishing the chapter on employee retention. Everything from name tags and personalized swag, to group exercises that emphasize a new hire’s best self has an impact.

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Cultural Competence in the Workplace: What Employees Need to Know

Zenefits

Companies failing to recognize and act upon the importance of cultural competency will suffer from negative effects like lowered productivity, high employee turnover, and an inability to attract top talent. Low retention rates. High turnover is costly and leads to remaining team members suffering from low morale.

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What is Equity Compensation & How It Work?

HR Lineup

Stock Options: Stock options give employees the right to purchase a certain number of company shares at a fixed price (the exercise price) within a specified period of time. They usually vest over time, meaning employees gain the right to exercise options gradually over a predetermined period, typically four years with a one-year cliff.

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Why Employee Turnover Spikes after the Holidays and What to Do about It

Bonusly

But come January, the environment can be drastically disrupted by New Year turnover. Why is Turnover Important? And turnover isn’t just a morale-killer – it’s expensive. Why Does Turnover Spike in the New Year? Although some turnover isn’t within anyone’s control (e.g. How to Prepare for Seasonal Turnover.

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Your HR budget: 6 line items to prioritize right now

Insperity

In turn, among employees this raises morale, enhances their discretionary effort and prolongs retention, all of which positively impact business success. In a tight labor market, salary increases are simply a savvy move to remain competitive and combat turnover. In this complex landscape, which HR trends do you need to be aware of?

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What is the Notice Period in HR?

HR Lineup

This means the employee is required to stay away from the workplace but remains on the payroll and bound by confidentiality and non-compete agreements. In this scenario, the employee is relieved of their duties but remains on the payroll and subject to the terms of their employment contract until the notice period expires.