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How HR Teams Can Revamp PTO Policies to Meet Employees’ Financial Needs

Recruiting Daily Advisor

They can offer financial guidance (retirement planning and debt management, for instance), 401(k) matches and other investment programs, and benefits such as convertible PTO, which allow employees to put the value of their time off toward their financial priorities. At the end of 2023, household debt in the United States reached $17.5

Financial 105
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What Are The Pros And Cons of A PEO?

ExactHire Recruiting

HCC provides worry-free HR, benefits, payroll, and compliance solutions all in one place, with personal attention from a dedicated team of experts. You’ll still need at least one expert on staff who can make these decisions. Another disadvantage is that your company won’t enjoy lower benefits costs when you partner with an HRO.

Insurance 177
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Student Loan Assistance Benefits Employers and Employees

Recruiting Daily Advisor

While this benefit eases stress for employees who have student debt, it also provides important benefits for employers. Student loan assistance is an important benefit for both employers and employees. And for employees, student debt is at the top of the list of financial concerns. Adrienne L.

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Pay transparency: the pros, the cons, and best practices

Workable

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. Let’s first have a look at the main reasons why salary transparency is a good thing. In other words – it makes perfect sense in theory; in practice, it’s more nuanced.

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Maximizing Healthcare Cost Control: A Holistic Approach for Self-Insured Employers and Employees

Recruiting Daily Advisor

Self-insured employers, who directly fund their employees’ medical expenses while engaging insurance companies to administer benefit programs, are at the forefront of innovative approaches to address this challenge through claims management, combatting fraud and overbilling, and empowering employees beyond selecting the place of care.

Insurance 115
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Using the Expectancy Theory and Total Rewards to Drive Productivity

HRsoft

Tailoring your total rewards program to offer associates the benefits they truly want most is the ticket to successfully applying the expectancy theory. You can start by providing easy access to total rewards statements through a software solution, then follow up by asking employees which benefits they rank as most valuable.

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A Comprehensive Look at Current Trends in Turnover

HRsoft

In 2010, voluntary separations hovered around 9%, but they have climbed steadily in recent years and are now at 13.5% The post A Comprehensive Look at Current Trends in Turnover appeared first on HRsoft. While total turnover has risen within recent years, voluntary turnover has increased by more than 48% in less than a decade.

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