Zenefits

AUGUST 3, 2022

Better health insurance coverage, generous paid time off and vacation days, retirement benefits, and professional development opportunities all rank highly regarding job satisfaction and retention. While it may be a “nice to have,” gym memberships are hardly an effective retention strategy. Too many social events.

Benefits 52

Benefits Insurance Retention Benchmarking 52

AIHR

JULY 17, 2023

Secondly, DEI initiatives create a workplace where employees feel heard, respected, and feel a sense of belonging , boosting engagement, performance and retention rates. At the end of the fiscal year in 2021, Starbucks achieved a median pay ratio in the US for women and BIPOC of 100% and is committed to achieving gender pay equity globally.

Implementation 98

Implementation Inclusion Diversity Recruitment 98

Zenefits

AUGUST 24, 2022

Specifically, the labor shortages that caused hiring and retention challenges in 2021 will likely continue through 2022. For insight into last year’s trends, check out the Zenefits 2021 Benefits Benchmark Report. In January 2022, Glassdoor reported , “Hiring is going to be difficult in 2022.”

Benefits 52

Benefits Insurance Administration Onboarding 52

Zenefits

SEPTEMBER 8, 2022

In 2021, employee engagement dropped for the first time in a decade and the pattern has continued into this year, according to a Gallup Survey. Organizations should keep a close eye on turnover rates and benchmark them against other companies in their industry for context. That should be concerning to organizations. Promotion rate.

Employee Engagement 52

Employee Engagement KPI Administration Metrics 52

Zenefits

MAY 29, 2022

You can use a benchmarking tool like Zenefits which offers real-world salaries to better understand your company’s wages. since 2021. Despite a substantial increase from the mean 2021 salary increase of 2.8%, there is a 21% difference. Your employees won’t be able to buy as much in 6 months. In 2022, a survey of U.S.

Compensation 59

Compensation Onboarding Benefits Administration 59

Vantage Circle

JANUARY 31, 2022

Higher Retention. High employee retention happens when employees feel connected to their work. You need to collect data to understand your efforts, weak areas, and a benchmark for the future. Learn more: 50 Employee Engagement Survey Questions That You Must Ask In 2021. Measure Employee Engagement.

Employee Engagement 98

Employee Engagement Benefits Onboarding Diversity 98

Zenefits

DECEMBER 10, 2022

Toxic workplaces cost businesses not just money (but, for the record, turnover for 2021 cost $2.4 Turnover is at an industry benchmark or below. One out of 5 employees will leave their workplace due to negative workplace culture, and 25% don’t feel safe voicing their opinions. trillion ) but also lost productivity and innovation.

Human Resources 52

Human Resources Onboarding Administration Benchmarking 52

Chief Executive

NOVEMBER 8, 2022

companies with ERGs increased by 9% last year, meaning that 40% of companies now have some form of ERGs, according to a benchmarking survey by Sequoia Consulting Group. Michelle Nicholas joined PCSB Bank in July 2021, as senior vice president and chief diversity officer and director of community development. The number of U.S.

Diversity 52

Diversity Inclusion Recruitment Retention 52

Get Lighthouse

FEBRUARY 9, 2023

set goals clear enough that people can benchmark themselves or their decisions? An October 2022 study led by ResumeBuilder.com on a sample of 1,250 full-time remote workers showed that a staggering 79% of them had either a full- or part-time side gig, this is a 10% increase compared to 2021. create confidence?

Onboarding 137

Onboarding Manager Travel Benefits 137

Vantage Circle

OCTOBER 29, 2021

million workers who quit their jobs during April, May, and June 2021. Between 2020 and 2021, employees between the ages of 30 and 45 have seen the greatest increase in resignation rates, with an average increase of more than 20%. Or what role does employee recognition have on retention?

Retention 96

Retention Compensation Employee Engagement Implementation 96

Zenefits

JUNE 8, 2022

Employers can boost retention and morale by investing in mental health resources for workers’ children. Despite the decline in unemployment at the end of 2021, half of employees said their organization was understaffed. HR professionals and small business owners must consider benefits as a part of a comprehensive retention strategy.

Benefits 52

Benefits Retention Onboarding Employee Relations 52

Zenefits

OCTOBER 20, 2022

Since 2021, there has been an 11% spike in worker financial stress. In fact, between 2021 and 2022, financial wellness benefits shot up from the 3rd most desirable benefit to the 1st. Considering that the average student debt in 2021 was around $30,000 , many employees will still need help, even if a portion is canceled.

Retention 52

Retention Benefits Compensation Onboarding 52

Refresh

NOVEMBER 30, 2022

hiring managers say their company is experiencing increased turnover, up from 44% in late 2021. Retention has replaced recruiting as the top employment issue with many of our clients, says Greg Sulentic, Express franchise owner in Nebraska. Strategies to Improve Retention. cost to rehire, lost productivity) overall.

Retention 59

Retention Benchmarking Onboarding Recruitment 59

Vantage Circle

DECEMBER 19, 2022

A strong company culture can improve employee retention, boost morale, and increase productivity. A study by CNBC states that ‘in 2021, roughly 47 million workers voluntarily quit their jobs, and the high turnover has continued into 2022, with 4.4 Any guesses on who won the best place to work in 2021? Avoid Micromanaging.

Employee Engagement 96

Employee Engagement Benefits Inclusion Diversity 96

Zenefits

JULY 9, 2022

According to the 2021 Women in the Workplace report , White men account for 62% of C-suite posts, but just 35% of entry-level jobs. The report by OpenComp, a provider of compensation benchmarking tools for startups, offers some answers. If so many company heads believe the wage gap is worth closing, why aren’t more employers onboard?

Compensation 52

Compensation Education Onboarding Benchmarking 52

AIHR

JULY 8, 2021

In this episode, we talk about: The biggest employer branding trends in 2021. But they say that, you know, depending on the type of experience that an employee has, right, the onboarding stages, allows for a longer retention or the longer engagement within the organization. Creating an outstanding (remote) candidate experience.

Recruitment 52

Recruitment Onboarding Diversity Manager 52

Vantage Circle

APRIL 22, 2025

When used consistently and thoughtfully, surveys can shape everything from retention and engagement to leadership development and organizational culture. Driving Retention and Reducing Turnover Another myth is that turnover is just "part of business." Surveys expose critical gaps between stated values and everyday experiences.

Benefits 66

Benefits Onboarding Retention Benchmarking 66

Vantage Circle

DECEMBER 29, 2024

Engagement Landscape Statistics Industry Benchmarks and Statistics on Lost Productivity and Revenue While every business faces unique challenges, the impact of disengagement hits some sectors harder than others. This disengagement costs the global economy a staggering $8.9 trillion, or 9% of global GDP.

Employee Engagement 111

Employee Engagement Onboarding Software Revenue 111

AIHR

FEBRUARY 12, 2025

Fiona Cicconi, who joined as Chief People Officer in January 2021, reports to CEO Sundar Pichai. Clear ROI focus: HR investments, such as compensation structures, employee development, and retention programs, are evaluated based on their financial return, ensuring that expenditures contribute to business goals.

Compliance 59

Compliance Human Resources Operations Administration 59