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Compensation Wins Talent, Recognition Retains It

Achievers - Recruiting

After all, he does have three kids in preschool, a mortgage, two car payments, and an unhealthy addiction to golf (the most expensive sport known to man). Compensation as a motivator. Does compensation align your employees to your company’s mission and values? Image Source. Luckily, Evan has leverage.

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Turnover Rate: What Is It? and How to Get It Under Control

SmartRecruiters

Understanding turnover rate is essential to creating a talent acquisition and retention strategy that allows you to be proactive in sourcing and hiring and helps you avoid scrambling for talent at the last minute. Image source: OfficeVibe. Boomerang hires have a 44% higher retention rate over 3 years than outside hires.

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How to Recruit Candidates With DEIB In Mind

PowerToFly

Avoid overusing sports metaphors (“You swing for the fences and never drop the ball”) or terms that denote cultural appropriations (“powwow," “tribe”). Diversify Your Sourcing 10. Create a thoughtful referral program that appropriately compensates employees for providing you with leads. Attend events focused on DEIB.

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How do you overcome the Big Quit as an employer?

Workable

The cost to replace an employee in terms of marketing the position, paying recruiters, interviewing, relocation costs, signing bonuses, and training the replacement comes to about 33% of an employee’s annual salary according to a retention report by the Work Institute. How to improve employee loyalty and retention.

Retention 118
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How To Make Sure You Know Exactly Who You’re Hiring.

Recruiting Daily

Take the guy who claimed his prior experience was serving as the Prime Minister for a completely fictional country, or the candidate who felt lucky that no one would Google him to find out that he was not in fact, an Olympic Gold medalist in rollerblading (which, coincidentally, is also not really an Olympic sport), for example.

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Guide to Hiring Employees in Iceland

Recruiters Lineup

Overtime work is regulated, and employees must be compensated accordingly, usually at a higher rate than regular hours. These contracts outline the scope of work, deliverables, timelines, and compensation for the completion of the project. Both parties must agree to the terms before commencing work.

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Why Employee Engagement Matters and How Employers Should Foster It

Recruiting Daily Advisor

Although acquisition is top of mind for employers, retention should be, as well. Source: Photon photo / Shutterstock. But it’s not only today’s benefits and compensation offerings that matter; employers must also anticipate and prepare for the future demands of the workforce to keep employees happy and engaged.

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