Recruiting Daily Advisor

FEBRUARY 17, 2020

Have you heard of the acronym FARM as it relates to compensation? I first heard this term from a BLR ® webinar run by Paul Dorf, the Managing Director of Compensation Resources, Inc. The point here is that compensation can be used to incentivize employees to focus on specific things. Source: Andrii Yalanskyi / shutterstock.

Compensation 105

Compensation Comparison Retention Course 105

Workable

FEBRUARY 7, 2024

Pay transparency – or salary transparency – is a setup in a company (or industry) where companies provide information on pay and compensation to employees. It is illegal to prohibit conversations about salary in the workplace (in the US, especially) – here, it’s the explicit openness that’s emphasized in communications transparency.

Compensation 62

Compensation Workable Comparison Policies 62

Recruiting Daily Advisor

FEBRUARY 27, 2023

Retention Who is staying and why? Stay interviews and engagement surveys provide data that can reveal strengths and weaknesses around workplace culture. Exit surveys provide context to the numbers. Compensation Equal pay for equal work is a must. Sentiment surveys can reveal how people feel they are working.

Diversity 110

Diversity Survey Comparison Compensation 110

Achievers - Recruiting

MAY 15, 2024

Companies that prioritize frequent, meaningful recognition alongside personalized rewards see improvements to key areas of the business including, engagement, retention, sense of belonging, and overall better connection to team members. For both the organization and the employee, monetary compensation will only go so far.

Software 86

Software Retail Retention Sourcing 86

Ongig

OCTOBER 19, 2023

In comparison, 84% reported that it enables them to recruit top talent. 61% of applicants highlight compensation as the number one part of a job description , while 32% of employers believe that a competitive salary is the top reason employees quit. It can boost the company’s recruitment and retention.

Job Descriptions 59

Job Descriptions Benefits Insurance Insurance 59

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. Many executives grew up in the “don’t ask, don’t tell” world of yesteryear, so it might not be safe to assume that they know everything that goes into compensation decisions. Avoid apples-to-oranges comparisons.

Compensation 105

Compensation Comparison Education Culture 105

Recruiting Daily Advisor

JULY 16, 2021

The benefits package should be a vital part of an employer’s attraction and retention strategy. In fact, a recent survey indicated that Gen Z’s three most desired benefits are health insurance (32%), remote work (25%), and 401k/retirement benefits (25%).

Benefits 124

Benefits Financial Healthcare Insurance 124

Linkedin Talent Blog

APRIL 29, 2021

Prudential ’s Pulse of the American Worker Survey , which polled 2,000 full-time U.S. With the cost of replacing a single employee amounting to anywhere from a half to two times their annual salary , taking proactive steps to improve retention can save companies time and money down the line. Prudential found that 87% of U.S.

Retention 26

Retention Mobile Compensation Comparison 26

HRsoft

DECEMBER 7, 2015

Compensation is one lens that gives management a perspective on the issue of disengagement and turnover. Satisfaction surveys are too generic and rarely ever lead to the creation of customized plans with concrete actions to retain individual employees. But it is not the only means to foster a culture of success and accountability.

Software 76

Software Comparison Retention Compensation 76

Hireology

OCTOBER 7, 2021

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.

Healthcare 148

Healthcare Retention Compensation Industry 148

Recruiting Daily Advisor

DECEMBER 16, 2019

UnitedHealthcare administered a Wellness Check Up Survey to monitor the value of wellness programs. With “paid” paid time off, the financial stress of going on vacation is reduced while employee retention is boosted through incentivizing staff to stay long term. 4: Maternity and Paternity Leave.

Benefits 107

Benefits Financial Travel Transportation 107

Recruiting Blogs

APRIL 17, 2023

Burnout is negatively affecting employee retention in significant ways. 75% of employers agree that supporting remote work improves employee retention. 75% of employers agree that supporting remote work improves employee retention. Remote workers are however not exempt from chronic stress. And who can blame them?

Data 52

Data Financial Report Survey 52

Recruiting Daily

JUNE 24, 2015

A recent report from Glassdoor revealed that only 51% of the 2300 employees surveyed used all of the PTO they accrued, and of the half that did manage to get out of the office, 61% admitted to working while on vacation. Based on the precedent set by their full time counterparts, it’s not looking likely. Take a damn day.

Policies 40

Policies Retention Travel Report 40

Recruiting Blogs

OCTOBER 24, 2022

Burnout is negatively affecting employee retention in significant ways. 75% of employers agree that supporting remote work improves employee retention. 75% of employers agree that supporting remote work improves employee retention. This makes sense because 63% of women and 52% of men believe remote work is less stressful.

Data 40

Data Financial Report Survey 40

Recruiting Daily Advisor

MAY 1, 2023

According to a new LinkedIn survey , as a career, the tech sector isn’t as attractive as it once was. If you only have one, you will have no comparison. Second, a LinkedIn survey showed that 94% of the people surveyed said they would be more loyal to companies who invested in their personal and professional growth.

Compensation 98

Compensation Survey Comparison Training 98

Recruiting Blogs

APRIL 17, 2023

If you’re a recruiter or a human resources manager, you need access to the latest employee retention statistics. The 2022 Job Seeker Nation Report survey revealed that 45% of U.S. Armed with this and other employee retention statistics we’ll cover in this article, you can create an array of employee retention strategies.

Retention 52

Retention Onboarding Government Report 52

Achievers - Recruiting

MAY 6, 2024

HR training programs contribute to improved engagement and retention as well by showing that your company is truly invested in HR professionals’ success and development. In comparison, online learning options — like webinars, eLearning courses, and virtual workshops — offer greater flexibility, scalability, and accessibility.

Training 72

Training Course Emotional Intelligence Education 72

Devskiller

JANUARY 14, 2017

in comparison to other positions. Finding suitable candidates (46%), compensation (43%) and competition (39%) constitute the three biggest obstacles to hiring. In comparison, it was one to four weeks in the second half of 2015. 32% of recruiters claim employee retention is their priority in the next 12 months.

JobVite 134

JobVite Comparison Sourcing Compensation 134

Visier - Talent Acquisition

JULY 30, 2020

Discover how people analytics and workforce intelligence helps you uncover the information you need to improve nurse retention. The good news is that using workforce intelligence to understand what drives turnover can help your organization improve retention rates. Here’s the information you need to start improving nurse retention.

Retention 52

Retention Healthcare Groups Comparison 52

Contract Recruiter

MARCH 4, 2020

Does the company have trouble with retention or culture, and hopes their money will solve the problem? They have both an offering for small businesses and an enterprise-level platform with program compensation analysis. They boast over 800 million market data points to make compensation data both granular and accurate.

Tools 52

Tools Compensation Data Report 52

Recruiting Blogs

APRIL 11, 2023

This may seem like small potatoes to a leader but it’s a big deal to the employee, particularly if their compensation or promotability is in any way tied to performance evaluation. Many organizations tie review scores directly to annual compensation increases and bonuses.

Compensation 52

Compensation Financial Tools Exercises 52

BountyJobs

JULY 5, 2018

Total Compensation Increased for Security-Cleared Workers. The Numbers: Total compensation has risen 7% since 2017 to $93,004 for workers with security-clearances per data from ClearanceJobs. Survey respondents have about 20 free hours per week which aligns well with hours needed for a side gig. Loan officer: $68,000; 11.7%.

Financial 10

Financial Study Survey Comparison 10

Recruiting Daily Advisor

APRIL 25, 2022

Escalating inflation has employers and compensation managers puzzling over their compensation strategies. Cost of living, cost of labor, minimum wage, living wage, recruitment, retention, compression—they’re swirling around in our heads like uninvited confetti! The annual inflation rate for the United States was 8.5%

Compensation 98

Compensation Comparison Report Survey 98

Crelate

JULY 13, 2023

This thought-provoking conversation explores the future of AI in recruitment and raises important questions about compensation, workload, and maintaining a healthy work-life balance. Well, someone from Benefits and Compensation will look at this and say, this AI tool is doing 10% of your work. He has 26 years of experience.

Industry 62

Industry Tools Sourcing Linkedin 62

Linkedin Talent Blog

MARCH 15, 2018

Tech turnover is likely driven by increasing demand and compensation. The computer games (15.5%), Internet (14.9%), and computer software industries (13.3%) drove tech turnover the most—but those rates pale in comparison to the churn you see within particular occupations. Methodology.

Industry 51

Industry Retail Sports Retention 51

Visier - Talent Acquisition

DECEMBER 6, 2021

In addition, our own research into our client practices showed that 60% of the customers we surveyed were utilizing Visier for organizational redesign work. Only retention, diversity, and compensation had a higher rate of use. Figure 3: Mean rate of change in job name by period and industry.

Banking 111

Banking Healthcare Trends Transportation 111

4 Corner Resources Staffing Blog

APRIL 4, 2022

Employee retention comes with a cost, but it pales in comparison to the expense of hiring completely new workers or leaving important positions open. Thankfully, retention strategies are a proven way to keep employees on the job. One survey found that 20% of workers quit their jobs to pursue a new career. .

How To 89

How To Healthcare Retention Comparison 89

CuteHR

MARCH 28, 2022

You must conduct employee surveys as soon as possible to determine the core reason for demographics-based attrition before it has an impact on your workplace culture. Ensure a competitive compensation package in comparison to other firms. Offer competitive compensation and benefits. Appoint the right leadership.

Compensation 52

Compensation Culture Examples Benefits 52

Recruiting Blogs

OCTOBER 23, 2022

Compensation. The value of these metrics lies in: Standardization and comparison: HR metrics help you get the most out of your HR efforts by setting standards and clear expectations. Competitors might be offering better compensation, or something else might be amiss that HR would have to investigate. Engagement.

How To 40

How To Training Survey Data 40

Achievers - Recruiting

JANUARY 15, 2021

It can provide your organization with valuable insights related to job design, recruiting, compensation, employee training, and more. It’s crucial to consider if you’d like to keep employees satisfied and increase retention rates. If you receive a poor score on a survey question, for example, don’t panic. Employee feedback.

Retention 63

Retention Training Reference Survey 63

Slayton Search Partners

MARCH 15, 2022

This is particularly true even as we shift our attention to compensation. However, there are enough comparisons within industries, occupations, and education levels that reveal a persistently significant gap. And even though C-suite compensation increased 24% from 2012 to 2020, that looked like 27% for men and 10% for women.

Comparison 40

Comparison Compensation Education Financial 40

Linkedin Talent Blog

AUGUST 10, 2022

Read on to see which sectors feel like a rapidly revolving door — and which feel more like a tame merry-go-round in comparison. Along with burnout, the article also suggests stagnating compensation as a reason many people are leaving. Since then, the pressure to boost compensation has only increased as inflation has spiked worldwide.

Industry 49

Industry Government Compensation Transportation 49

Linkedin Talent Blog

AUGUST 10, 2022

Read on to see which sectors feel like a rapidly revolving door — and which feel more like a tame merry-go-round in comparison. Along with burnout, the article also suggests stagnating compensation as a reason many people are leaving. Since then, the pressure to boost compensation has only increased as inflation has spiked worldwide.

Industry 49

Industry Government Compensation Transportation 49