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What is a Good Compensation Package? How to Decode Salary, Benefits, & Perks

Zengig

While the role itself, company culture, and growth opportunities matter, compensation is, for many, the most important of all. So, what exactly is a good compensation package, and why should you care? What is a compensation package? Not all compensation packages are created equally.

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Why Bonuses Don’t Work to Improve Employee Retention

Contract Recruiter

There are many different ways a company can encourage employee retention; one of the most popular is the retention bonus. Retention bonuses have tons of issues; foremost among those issues is a simple fact: there’s no evidence that they work. What is a Retention Bonus, Specifically? What’s wrong with that?

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Tips for Developing a Defensible & Equitable Compensation Plan Structure

HRsoft

In order to ensure a defensible and equitable compensation plan, organizations should adopt a step-by-step process to oversee equal pay processes. An equitable compensation plan begins with your organization’s job descriptions. To learn more about our Compensation Management Software, COMPview, click the button below!

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Candidates and Counteroffers – Early Coaching Can Help

NPA Worldwide

Recruiters need to assume that employers WILL counteroffer your candidates as part of their retention efforts, because they know replacements are simply too hard to find. Is the candidate actually happy in their job except for the compensation? Make sure you are really listening here, and even taking notes.

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How to Build a Diverse Recruiting Strategy

Social Talent

Reducing employee turnover : A positive and inclusive work environment increases retention and reduces turnover. Develop a consistent interview process : Predetermined questions and evaluation criteria allow for an equitable comparison of candidates and reduce the influence of unconscious biases.

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How Will the Federal Vaccine Mandate Affect Your Post-Acute or Long-Term Care Facility?

Hireology

While many of the implications of the mandate are positive, there might also be some talent acquisition and retention challenges that arise due to vaccine hesitancy. In essence, you are encouraging your staff to get vaccinated and offering compensation in the form of a retention bonus for complying with federal regulations.

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Uncubed Approved: Ikea’s Careers Page

Uncubed

Remember that employer branding is for retention just as much as it is for recruitment. Check out this simple compensation package comparison tool. It’s apparent that IKEA thinks about employer brand as it applies to both prospective and current employees.