Recruiting Daily Advisor

FEBRUARY 28, 2023

Additionally, unlike older generations, Gen Z and millennial employees are seeking other types of investments, including investing in cryptocurrency, real estate, annuities and small businesses, according to Schwab Retirement Plan Services’ annual survey of 401(k) plan participants. Here’s what he had to say. One thing is for sure, however.

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Financial Benefits Real Estate Education 104

Recruiting Daily

JANUARY 27, 2022

Salary, healthcare and retirement remain the three cornerstones that hold up any solid compensation package. Compensation Myths. But the not-so-fun myths, like those traditionally believed in the world of compensation, can be detrimental to the health of an organization. . Surveys only help to provide a good starting point.

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Compensation Study Comparison Survey 80

Recruiting Daily Advisor

AUGUST 3, 2022

When it comes to benefits, your business is likely already offering some obvious ones. 60% of employees name benefits as “very important” when it comes to job satisfaction. 60% of employees name benefits as “very important” when it comes to job satisfaction. Benefits Beyond the Norm. Healthcare.

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Recruiting Daily

MARCH 18, 2022

With pay surfacing as a significant contributor to attrition , and eventually, business performance, is it time for organizations to have a compensation operations role? What is Compensation Operations? Traditionally, compensation operations were carried out by HR and payroll in the absence of a dedicated operations team. .

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Compensation Strategy Financial Data 70

Recruiting Daily Advisor

JUNE 9, 2020

It’s no secret that the average consumer is confused about how to choose and use his or her healthcare benefits. As far back as 2003, the National Center for Education Statistics found that 9 out of 10 adults lack the skills needed to fully manage their health care and prevent disease. The problem?

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Education Healthcare Insurance Insurance 75

Recruiting Daily

DECEMBER 14, 2021

Your health insurance and benefits package can help. Touting Benefits. Focus on benefits. A recent Insure.com survey of 1,000 workers found that 70% consider health insurance an essential part of recruitment and retention. For a small cost to your company, you could offer a group plan with $10,000 death benefits.

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Benefits Insurance Insurance Healthcare 86

HRsoft

SEPTEMBER 8, 2016

There are components of total compensation that you know you need to include: salary, medical benefits, PTO, etc. Here, we’ll explore the reasons why including continuing education in your employee benefits statements could prove to be an extremely valuable strategy. Total Compensation Can Give You a Competitive Edge.

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Recruiting Daily Advisor

MARCH 20, 2024

According to more than 20,000 physicians and more than 32,000 nurses surveyed for a KLAS Arch Collaborative report , improving staffing and aligning leadership with staff were the number one and number two solutions, respectively, for addressing burnout. In response, many hospitals have stepped up their benefits.

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Healthcare Industry How To Compensation 58

Ongig

OCTOBER 19, 2023

Employee benefits are a crucial part of a job description and can significantly influence a candidate’s decision to apply. A Glassdoor study pointed out that 63% of job seekers and employees pay attention to employee benefits in job ads. 67% of employees and 68% of employers believe this to be the most important benefit.

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Job Descriptions Benefits Insurance Insurance 59

Recruiting Blogs

OCTOBER 30, 2022

Compensation packages can make or break a business. If retention, productivity, and employee well-being are important to your organization (which they likely are), then your HR team should put an emphasis on compensation management. . This statistic shows the rising importance of good compensation packages to employees. .

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Recruiting Daily Advisor

JUNE 28, 2023

Typical of tech employees in their generation, each chose to work for a company that supports work/life balance and offers attractive family-building benefits, and both used their benefits to hopefully achieve their family-building dreams. Their careers are advancing nicely.

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Recruiting Daily Advisor

MARCH 8, 2023

It’s International Women’s Day, so here at HR Daily Advisor we’re highlighting an important topic that isn’t discussed enough: fertility and family building benefits. However, majority (81%) feel it’s important that an employer provides fertility benefits and support. Here’s what he had to say.

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Benefits Survey Travel Education 52

Recruiting Blogs

MAY 29, 2023

They want to feel their employer values and respects them enough to reward them with a great employee benefits package. Strategies For Crafting a Winning Employee Benefits Package 7 Top Employee Benefits Offerings Companies Should Consider Start Attracting Top Talent For Your Business 4. In This Article 4.

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Recruiting Daily Advisor

MARCH 27, 2024

Photo Credit: SEIU 560 In the past, collegiate sports could distinguish itself from professional leagues because these athletes were student-athletes, not employees, primarily focused on receiving a higher education. Instead, it considered benefits such as equipment, apparel, tickets to the game, lodging, and meals as “compensation.”

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Sports Apparel Compensation Policies 58

Recruiting Daily Advisor

APRIL 8, 2022

Employers’ goals for voluntary benefits —increasingly a core component of any employer’s benefit package that allows employees to self-select from a menu of offerings, typically at reduced or increasingly no cost — have expanded dramatically since 2020. Role of voluntary benefits in developing a wellbeing strategy.

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Benefits Financial Diversity Survey 105

Recruiting Daily Advisor

SEPTEMBER 24, 2019

The workforce is changing as Baby Boomers continue to retire and Generation Z starts taking their place, and with a “changing of the guards” comes a change in the types of benefits you use to attract and retain top talent. More than half of all workers surveyed chose age as the top factor driving discrimination. Gallagher & Co.’s

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Benefits Trends Compensation Financial 102

Recruiting Daily Advisor

SEPTEMBER 21, 2022

I also received many dry promotions—all the responsibility of a new title but without the pay and benefits that come with it??. I deserved the compensation to match my accomplishments. . Stay Educated. Keep in mind that compensation is not limited to just salary. As a black woman, I now know I wasn’t alone.

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Compensation Real Estate Education Nonprofit 98

Recruiting Daily Advisor

FEBRUARY 14, 2023

In fact, 71% of employees said upskilling increased their job satisfaction, and 61% said development opportunities were a reason to remain at their jobs, according to a Gallup survey. The post Coaching is Key: 3 Tips to Benefit Hybrid/Remote Employees appeared first on HR Daily Advisor.

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Benefits Culture Examples Training 105

Recruiting Daily Advisor

APRIL 30, 2024

According to a recent Bank of America survey, 62% of employees are stressed about their finances and 71% feel the cost of living is outpacing growth in their income. Providing foundational education can go a long way to increase adoption and improve utilization of these tools. Here are four things your employees should understand.

Financial 58

Financial Education Healthcare Banking 58

Recruiting Daily Advisor

NOVEMBER 12, 2019

Change your focus from matching high salaries to how your benefits help employees achieve work/life success. A Willis Watson Towers Survey found that “6 in 10 millennials say they are willing to sacrifice pay for more secure retirement benefits,” and 59% of Millennials would pay a higher amount for a guaranteed retirement benefit.

Compensation 45

Compensation Benefits Education Exercises 45

Recruiting Daily Advisor

NOVEMBER 8, 2023

A 2023 report from insurance and risk management giant Gallagher shows that 77% of employees surveyed are anxious about where they stand financially, and the vast majority say they could save more for retirement if their employer helped with education expenses.

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Financial Benefits Guidelines Report 114

Workable

NOVEMBER 7, 2017

Pay structures define employee compensation for different jobs or groups of jobs. Here’s our guide on why and how to set up a pay structure: Why you need structured employee compensation. Compensation structures create a fairer and more predictable process for determining an individual’s compensation. Arbitrary figures.

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Compensation How To COMPAS Job Descriptions 86

Recruiting Daily Advisor

SEPTEMBER 9, 2022

All employers want to make their compensation and benefits packages sound as attractive as possible to prospective employees. But this “benefit” is a mirage – there’s no such thing as unlimited PTO in practice, and employees shouldn’t let companies fool them into thinking otherwise. But this is just an illusion.

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Compensation Benefits Survey Advertising 98

CuteHR

OCTOBER 11, 2022

According to a survey conducted in 2017, 75% of Millennials want their company to contribute to social good through donations or volunteering. Volunteering has become increasingly common in new benefits packages. Benefits of Volunteer Time Off. It has the potential to educate employees on new skills.

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Benefits Nonprofit Policies Examples 84

BountyJobs

JANUARY 6, 2022

Per a recent report, 68% of HR leaders surveyed said they “increased the number of employees eligible to get a cash bonus”. Over 50% surveyed expected to “grant average merit increases of more than 5%”. To better support employees, Deloitte is investing more than $1 billion in compensation and benefits.

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Transportation Retail ADP Compensation 92

Jobvite

MARCH 14, 2023

From setting aside finances for personal growth to providing investment benefits, here are 11 answers to the questions, “Can you share the most helpful benefits you offer that help you attract desired talent at your organization? Why should others offer this benefit?”

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Benefits Insurance Insurance Compensation 52

Recruiting Blogs

APRIL 19, 2023

The Differences Between HR and HCM Software 9 Top Features of HCM Software HCM Software Examples 4 Benefits of Using HCM Software Is HCM Software Right for Me? If you don’t believe an organization is utilizing your expertise or fairly compensating your experience, you can take your knowledge and skills to another employer.

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Examples Software Benefits System 52

Recruiting Daily Advisor

NOVEMBER 10, 2022

In a recent survey of nearly 6,000 professionals, Paycor found that company culture is the #1 driver of retention. Start at the top: educate your executive committee. Be prepared to explain your company’s strategic approach to compensation. Educate team members on how to interpret a salary band. It’s the midpoint.

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Compensation Comparison Education Culture 105

Recruiting Daily Advisor

APRIL 25, 2022

Escalating inflation has employers and compensation managers puzzling over their compensation strategies. Similarly, in a survey titled Cost of Living Adjustment Salary Reportby Salary.com that was conducted from late February to early March 2022, 73% of employers have budgeted payroll increases equal to 4% or higher for 2022.

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Compensation Comparison Report Survey 98

Recruiting Daily Advisor

JANUARY 31, 2019

Most job candidates and employees think of compensation primarily in salary terms, but how aware are they of the total cost of the compensation package you’re offering? And are employers properly communicating the value of benefits? on total benefits, including $2.73 on legally required benefits. per worker.

Compensation 40

Compensation Insurance Insurance Healthcare 40

Recruiting Daily Advisor

APRIL 21, 2023

Salary Is Still Important, but Overall Benefits Matter More Despite economic conditions, salaries continue trending upward. Over 80% of managers who raised base compensation for new hires in the past year also adjusted current staff pay. People will notice if they don’t! But salary alone is not enough to attract and retain employees.

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Compensation Retention Data Diversity 121

Recruiting Daily Advisor

JULY 1, 2022

Ninety percent of those leaders believe that for their organizations to attract the workers they need over the next year , they must increase wages and offer genuinely meaningful benefits packages. So, employee benefits, especially in the areas of health and wellness, are critical. Mental Health Risks. COVID Remains a Concern.

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Benefits Healthcare Screening Exercises 58

Recruiting Daily Advisor

OCTOBER 19, 2018

What’s driving these renewed feelings is also the key to attracting top talent: robust benefits. These are two key findings from the 2018 Aflac WorkForces Report (AWR), a national online survey of 1,700 benefits decision-makers and 2,000 employees across the U.S., Optimistic Employers Embrace Benefits. worksites. “Our

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Benefits Insurance Insurance Healthcare 64

Recruiting Daily Advisor

MARCH 10, 2020

But the relative quiet of late winter/early spring is actually the ideal time to evaluate the last open enrollment season and benefits communications from the past year to prepare for the year ahead. Did employees enroll in voluntary benefits? Source: zimmytws / Shutterstock. Do Your Research. If so, which ones?

Benefits 71

Benefits Healthcare Insurance Insurance 71

Recruiting Daily Advisor

MAY 23, 2022

A few employers are dabbling with this emerging benefit that allows workers to access their money right away. Expand your workplace benefits and compensation packages. It’s common today to find employer packages and plans with more benefits and inclusions than in years past. Look for gaps in your benefit offerings.

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Strategy Talent Acquisition Staffing Benefits 136

BountyJobs

DECEMBER 16, 2021

In addition, employees will receive benefits such as complimentary therapy for corporate employees at restaurants and its headquarters. Budget for compensation is forecasted to increase a bit but not enough to match inflation. Education, health, social work and government: +35%. this is a bit of an increase from the 2.8%

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Real Estate Hiring Hotels Education 98

Recruiting Daily Advisor

JUNE 9, 2023

Prioritize skills needed for the job, not education and experience requirements alone. Nearly half (48%) of the leaders surveyed in our 2023 hiring trends report said they are adopting a skills-first approach to talent acquisition, forgoing educational and past work experience unless they’re actually relevant to the job at hand.

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Hiring Retention Diversity Education 121