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Compensation Will Drive Recruiting and Retention in 2020

Recruiting Daily Advisor

In the world of recruiting and retaining top talent, compensation will drive all your efforts this year. According to the report, 40% of candidates cite “higher salary” as the reason they start the job search process, followed by benefits (21%), job dissatisfaction (20%), and flexibility/lifestyle (20%).

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Employer value proposition: how has it changed since 2020?

Workable

Total rewards are totally rewarding Perks, benefits, time off, etc., is seen to be becoming far more important now than they were perceived to be in 2020. of employers find that overall compensation is now becoming more important in the eyes of candidates compared with 36% two years ago. in 2020 to 29.5% in 2020 to 40.2%

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Stay Competitive in 2022 with these 5 Employee Benefits

Rally Recruitment Marketing

This has spawned what I’m calling the “Battle of the Benefits”, where many employers are upgrading their benefits packages to make talent choose them over their competitors. With this in mind, here are 5 employee benefits that, if you’re not already providing, you should consider offering (and promoting!) Mental health benefits.

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DOL Clarifies Executive Order Extending Unemployment Compensation

Recruiting Daily Advisor

Department of Labor (DOL) clarified the effect of President Donald Trump’s recent order that authorized additional funding for unemployment benefits. The August 8 order, technically a “presidential memorandum,” offers $300 per week in additional unemployment benefits if the state agrees to put up $100 of their own. Who Is Eligible?

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How to Decentralize Corporate Charity and Boost Your Benefits Package

TalentCulture - Recruiting

Benefits are one of the key pillars of good employee retention. According to data compiled by LinkedIn in 2020, “better compensation and benefits” was one of the top three reasons […]. The post How to Decentralize Corporate Charity and Boost Your Benefits Package appeared first on TalentCulture.

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IRS, SSA Adjust Benefits Thresholds for 2021

Recruiting Daily Advisor

Employees will be able to contribute up to $2,750 to a health flexible spending account (FSA) in 2021, the same as in 2020, the Internal Revenue Service (IRS) announced in Revenue Procedure 2020-45. However, changes were made to certain other benefits thresholds and limits. Social Security Adjustments.

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3 Ways to Ensure Transparency with Candidates in 2020

JazzHR

In 2020, don’t beat-around-the-bush about job specifics, compensation and hiring timelines. Be transparent about pay , benefits and other perks to set the right expectations. Candidates want you to establish a fair and transparent recruitment process in 2020. Candidates expect a fair and transparent recruitment process.

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