Get Lighthouse

NOVEMBER 17, 2023

Do you know your employee retention rate? Ignoring retention issues can slowly kill your company, especially if the number suddenly drops sharply. Understanding your retention rate helps you recognize if you have a real problem or typical turnover for your industry. Table of contents: What is Employee Retention Rate?

Retention 52

Retention Hospitality Manager Metrics 52

15Five

MARCH 4, 2024

According to Gallup , pay/benefits remains the top motivator for job changes. You can’t separate pay from engagement, retention, or performance. When these aren’t seamlessly connected, it becomes too easy for compensation challenges to affect core HR outcomes such as engagement, retention, or performance.

Compensation 96

Compensation Retention Benchmarking Benefits 96

AIHR

FEBRUARY 1, 2024

Plus, when the right mix of incentives and benefits is tied to individual performance, organizations can both boost employee engagement and achieve their strategic goals. Components • Base salary • Incentives and commissions • Financial benefits • Non-financial benefits.

Compensation 109

Compensation Manager Benefits Benchmarking 109

Vantage Circle

JUNE 7, 2024

Exit Interviews: Understand why employees are leaving and identify areas to improve retention. Let's explore the key benefits of investing in the right employee engagement survey software: a. Onboarding surveys: Targeted at new hires, these surveys gather feedback on the onboarding process and early experiences with the company.

Benchmarking 88

Benchmarking Employee Engagement SaaS Onboarding 88

Vantage Circle

SEPTEMBER 11, 2023

Imagine a world where managing employee benefits is no longer a daunting task but an empowering experience for HR teams and employees. With an innovative employee benefits platform, that world becomes a reality. In this blog, we have handpicked some of the best benefits platforms that cater to all your requirements.

Benefits 52

Benefits Administration Compliance Software 52

Get Lighthouse

APRIL 19, 2024

Today, we want to show you why leadership training is important, as well as the purpose and benefits of training. The Work Institute has been putting out a retention report for over a decade. This means training your managers can both help them want to stay at your company, and improve retention of their teams.

Benefits 52

Benefits Manager Retention Benchmarking 52

Zenefits

SEPTEMBER 14, 2022

In today’s tight labor market, you must offer competitive wages and benefits. Whether you are recruiting new employees or focusing on employee retention , a solid compensation plan is key to finding and keeping top-quality employees. Benefits : Paid time off, sick days, holidays, health insurance, other insurance.

Compensation 59

Compensation Benchmarking Insurance Benefits 59

Vantage Circle

NOVEMBER 15, 2024

If you witness any reduction in absenteeism rates, this will imply that you are benefiting from your engagement initiatives, leading to higher ROI. Profitability: Employee engagement is not simply limited to monetary benefits. Benchmarking: Use industry benchmarks to see how your organization’s metrics compare.

ROI 52

ROI Employee Engagement Metrics Benchmarking 52

AIHR

MAY 13, 2024

The benefits of setting OKRs What is a KPI? The benefits of setting KPIs OKRs vs. KPIs: The main differences Why use HR OKRs Why use HR KPIs What is an OKR? Continuous improvement: KPIs serve as benchmarks for your performance. But what is the difference between OKRs and KPIs? Contents What is an OKR?

KPI 116

KPI Metrics Benchmarking Employee Engagement 116

Zenefits

AUGUST 24, 2022

Specifically, the labor shortages that caused hiring and retention challenges in 2021 will likely continue through 2022. This means employees will have more bargaining power in 2022, including when it comes to negotiating better benefits. The importance of employee benefits satisfaction surveys. Areas of improvement.

Benefits 52

Benefits Insurance Administration Onboarding 52

Brian Balfour

MARCH 21, 2017

Most growth communities, forums, and email lists will inevitably have that thread that goes: “Hey, what are the benchmarks everyone’s seeing for X?” I constantly find people seeking out benchmarks or pointing to benchmarks, and we’ve all been there -- who doesn’t want some normalizing data to understand whether we’re on track or not?

Benchmarking 40

Benchmarking Metrics eCommerce SaaS 40

Association Now Workplace

MAY 31, 2023

In its fifth benchmarking survey, the Virtual Association Network looks at how associations are handling their HR functions and other operations in a remote environment, as well as where they are facing challenges. Many respondents found that this was a critical benefit for employees,” Westman said.

Benchmarking 59

Benchmarking Compensation Human Resources Recruitment 59

AIHR

AUGUST 30, 2024

The role of employee engagement surveys The benefits of using an employee engagement survey template What makes a good employee engagement survey? Watch out for lower engagement scores and use them as early warning signals that it’s time to implement proactive interventions and retention strategies.

Employee Engagement 102

Employee Engagement Benchmarking Scaling Implementation 102

Zenefits

NOVEMBER 17, 2022

A look at why employers offer perks, along with traditional benefits, may help explain what anti-perks are. Businesses also know that offering benefits and perks pays off in attracting, hiring, and retaining workers. employers provide healthcare plans ( 59% ) and many offer other practical benefits, like retirement plans.

Benefits 52

Benefits Insurance Compensation Administration 52

Vantage Circle

JUNE 7, 2024

Exit Interviews: Understand why employees are leaving and identify areas to improve retention. Let's explore the key benefits of investing in the right employee engagement survey software: a. Onboarding surveys: Targeted at new hires, these surveys gather feedback on the onboarding process and early experiences with the company.

Benchmarking 52

Benchmarking Employee Engagement SaaS Onboarding 52

AIHR

AUGUST 5, 2024

employee satisfaction / employee engagement ) and benchmark them against previous quarters and top competitors. Increase employee engagement, participation, and retention: Taking employee feedback seriously makes them feel heard and valued. This results in greater employee engagement, participation, and retention.

Scaling 96

Scaling Benchmarking Employee Engagement Manager 96

15Five

APRIL 16, 2024

Without the best tool to help manage and measure employee engagement, you risk missing out on the benefits of a productive, motivated workforce. However, onboarding the wrong software can result in wasted resources and a minimal impact on key engagement metrics such as retention, absenteeism, and turnover.

Employee Engagement 98

Employee Engagement Software Onboarding User Experience 98

Zenefits

JUNE 1, 2022

Paid time off has become one of the most important benefits job seekers and current employees value. PTO matters in multiple ways, including retention, recruiting, mental health, and performance. Offering PTO and ensuring employees use it increases loyalty and retention. Simplify benefits administration.

Retention 59

Retention Benefits Benchmarking Recruitment 59

AIHR

NOVEMBER 22, 2022

Contents Why HR should prepare for pay transparency The benefits of pay transparency The pitfalls of pay transparency How HR can help prepare the organization for pay transparency. As an HR professional, you are uniquely placed to help your leadership team understand the importance and benefits of pay transparency.

Compensation 116

Compensation Benchmarking Benefits Implementation 116

AIHR

JULY 22, 2024

Employee relations metrics measure employee engagement, satisfaction, and retention, as well as overall workplace culture. According to an HR Acuity report , tracking employee relations metrics has multiple business benefits. Time to productivity : Measure the time it takes for new hires to reach expected performance levels.

Employee Relations 110

Employee Relations Metrics Employee Engagement Retention 110

AIHR

MARCH 1, 2023

It shows that the company is able to offer competitive compensation, benefits, and other incentives that attract top talent. Retention: Candidates who accept job offers are more likely to stay with the company long-term. Cost efficiency: A low offer acceptance rate can result in wasted time, effort, and resources spent on recruitment.

Recruitment 91

Recruitment Metrics Compensation Retention 91

AIHR

AUGUST 26, 2024

Improving retention strategies: By understanding why employees stay or leave, you can improve your retention strategies and reduce the costs associated with high turnover. You can then develop proactive measures for talent retention and succession planning. Are you satisfied with the employee benefits the organization offers?

Metrics 52

Metrics Benchmarking Employee Engagement Retention 52

Vantage Circle

JANUARY 29, 2024

Employee commitment survey benefits Employee surveys provide metric-driven insights to maintain an engaged, fulfilled workforce, supporting retention , productivity, and business results. Retention risks: By analyzing survey data, you can predict which employees are at high risk of leaving, so proactive retention measures can be taken.

Metrics 59

Metrics Benchmarking Employee Engagement Scaling 59

AIHR

OCTOBER 17, 2024

Using a good compensation plan template can provide both an organization and its employees with important information and clarity on their compensation and benefits packages, supporting pay equity. This article discusses the importance of a detailed compensation plan template and how you can use it to benefit your company’s workforce.

Compensation 52

Compensation Benefits Insurance Metrics 52

AIHR

JANUARY 8, 2024

This can give your organization valuable insight into retention, which is just one of the reasons why you should regularly conduct employee commitment surveys. Boost retention : Commitment and retention are linked. Why measure employee commitment?

Scaling 102

Scaling Retention Benchmarking Employee Engagement 102

AIHR

JUNE 13, 2023

Compensation structures establish clear goals, determine the right mix of fixed and variable pay , and create benchmarks that motivate salespeople to achieve targets and contribute to business growth. These may include prospecting, lead generation, client acquisition, relationship management, achieving sales targets, and customer retention.

Compensation 104

Compensation Sales Sales Metrics 104

AIHR

OCTOBER 12, 2022

Finding the right mix of pay, benefits, and other incentives is essential to attracting and retaining top performers, especially in a tight labor market. Pay plans are structured with pre-determined performance targets appraised within a certain period and paid out if benchmarks are met. Advantages of variable compensation.

Compensation 124

Compensation Benefits Metrics Implementation 124

AIHR

SEPTEMBER 13, 2023

Chief Talent Officer Salary : $237,000 – $436,000 Job description The Chief Talent Officer manages the recruitment, development, and retention of executives and business leaders in an organization. Strategic thinking: Develop executive talent management and retention strategies.

Compensation 104

Compensation Human Resources Recruitment Administration 104

Vantage Circle

MAY 18, 2023

They want a competitive benefits package to motivate them and improve their satisfaction. An employee perks program is a set of additional incentives and benefits provided by an organization in addition to their normal compensation. Most organizations offer health insurance as a benefit to their employees.

Insurance 95

Insurance Benefits Implementation Education 95

15Five

APRIL 21, 2022

“How do we move forward and innovate in our culture, benefits, and total rewards… how do we get people paid well and communicate it — that’s a whole other art of comp philosophy. Base salary, coupled with short-term incentives, long-term incentives, and benefits, demonstrate the broader total rewards value proposition.

Compensation 105

Compensation Insurance Benchmarking Marketing 105

AIHR

DECEMBER 22, 2023

With nearly 40% of mid-career professionals prioritizing mandatory paid leave and over 80% seeking comprehensive healthcare benefits, it’s clear that designing a thoughtful compensation package is key to talent attraction and retention. This is one of the main benefits of providing a great compensation package for employees.

Compensation 97

Compensation Benefits Insurance Metrics 97

AIHR

OCTOBER 24, 2024

Implementing targeted employee retention strategies. As mentioned above, when you know why people leave, you can implement targeted strategies to improve retention. This kind of communication helps define goals and targets and benefits practical, goal-oriented tasks. Are they unhappy with their compensation?

Compensation 97

Compensation Human Resource Information Systems (HRIS) Human Resources Retention 97

AIHR

AUGUST 19, 2024

Competitive salaries and benefits are important, but they are no longer enough. It aims to incentivize employees by meeting their needs, resulting in greater employee productivity and retention. Collect employee feedback and external data to benchmark against competitors.

Onboarding 113

Onboarding Employee Engagement Metrics Diversity 113

15Five

NOVEMBER 11, 2024

This disengagement can often lead to performance and retention issues, among other problems. Benefits compared to our previous scoring Previously, 15Five’s engagement reporting consisted of two explanatory scores – the Driver Score and the Driver Influence Score.

Employee Engagement 52

Employee Engagement Human Resources Scaling Engineering 52

Zenefits

JUNE 8, 2022

Employee benefits often extend to a worker’s family — including children. And these family-oriented benefits are needed more than ever. Employers can boost retention and morale by investing in mental health resources for workers’ children. 8 child-centered employee benefits companies can offer.

Benefits 52

Benefits Retention Employee Relations Administration 52

AIHR

JULY 30, 2024

This benefits both employee and employer — employees gain valuable skills, and employers can build a future-proof workforce. Extrinsic motivators: While this model covers many intrinsic motivators, it neglects primary motivators like salary and benefits. This will help you benchmark your performance against other businesses.

Employee Engagement 98

Employee Engagement Benchmarking Implementation Metrics 98

Vantage Circle

DECEMBER 5, 2023

Stay interviews have become a key strategy for organizations in a world where talent retention is as crucial as talent acquisition. This article explores stay interviews, their benefits, and how to implement them for open communication in the workplace. Thus, allowing them to make informed decisions to improve retention.

Retention 73

Retention Manager Benchmarking Implementation 73