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How to Reduce Workers’ Compensation Costs in 2022

AkkenCloud

Before you can reduce workerscompensation costs in your business, you must develop a straightforward formula. The computation of your cost has a modifier that gets further multiplied. Your expenses can be reduced or increased based on the modifier. Save Money on WorkersCompensation Insurance.

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Top Benefits of Global Contingent Hiring | ClearCompany

ClearCompany Recruiting

Skilled workers are hard to come by these days. To beat these challenges, many recruiters and talent acquisition pros are switching up their strategy and hiring contingent workers around the world. The benefits of global contingent hiring include an expanded talent pool, better cultural fit, cost savings, and more.

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Importance of Construction Workforce Planning | ClearCompany

ClearCompany Recruiting

More than half of contractors say they plan to increase their headcount, but it’s clear the demand for skilled workers is far outpacing supply. These strategies even play a role in keeping projects on schedule, avoiding cost overruns, and maintaining quality standards. In the construction industry, talent is key.

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Workers’ Compensation for Small Business: The Stress-Free Guide

Homebase

Workers’ compensation for small business employees can feel overly complicated, dauntingly official (see: fines and liability), and pretty darn expensive. A solid workers’ comp plan protects your workers in case of workplace accidents or injuries, and shows them that you’ve got their back. the basics.

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Quiet Hiring

ExactHire Recruiting

Even if compensation or promotions are offered. Most often, companies tend to reallocate duties to existing employees to reduce internal costs. 80% of employees have been “quiet hired” with 50% of the workers saying the role was not aligned with their skill set. Quiet quitting is not necessarily a bad concept.

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The Great Resignation Continues

Hireserve

As the cost-of-living crisis in the UK deepens, more and more people are job-seeking for roles that offer more competitive compensation. The study also found that one in five workers (21%) now work multiple jobs, with 69% doing so because they need additional income. What does this mean for recruitment? Are you competitive?

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Understanding and Reducing Employee Turnover: Recruiters’ Guide

NPA Worldwide

Whether it’s the entry-level workers leaving within a few months of joining or managers quitting their high-paying jobs, losing employees is an issue that affects the working, productivity, and overall health of the organization. Offer competitive compensation packages. Nurture positive and supportive company culture.