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Customer Retention: CEOs Share Strategies

Chief Executive

Their intent is clear: 41 percent of CEOs polled by Chief Executive in July cited “shifting focus to consumer retention” as an action they had taken or considered taking over the previous three months, making it far and away their biggest expressed priority. Many companies slipped on retention efforts over the last few years.

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Claiming an Employee Retention Credit in 2022

Zenefits

You can still claim an employee retention credit (ERC) if you own a small business and had to partially or fully close because of COVID-19. Is it too late for me to claim the employee retention credit? . Am I eligible for the employee retention credit? What wages qualify for the employee retention credit? .

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Understanding Service Awards and Taxation Benefits in the US and Canada

Vantage Circle

In the fast-paced business environment, where talent retention is a top priority, the importance of recognizing employee loyalty and longevity cannot be overstated. Cash, gift certificates, travel, vacations, event tickets, bonds, stocks, and other intangible incentives are excluded from tax-deductible awards.

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Candidate Sourcing: Your Ultimate 2024 Guide (+Tips & Strategies)

AIHR

Add up the total recruiting cost Include all expenses related to recruiting, such as advertising, recruiter salaries, technology/tools, and travel expenses Total recruiting costs = Advertising costs + recruiter salaries + technology costs + travel expenses + other recruiting expenses 2.

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Providing Transportation Stipends for Employees During Unprecedented Inflation

Zenefits

A transportation stipend is a defined amount of money paid to support employees with work-related traveling costs. On the other hand, this perk can include specified travel costs. This has the potential to alleviate the costs associated with company travel. This can be a flexible offer for employees to use at their discretion.

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Why Companies Should Cover Relocation Expenses for New Employees

Zenefits

According to Forbes , companies with diverse teams tend to outperform those without them by 19% in revenue. Increases retention rates A company is more likely to find the right people and retain them with an available relocation package. A company’s relocation package is integral to its employee retention strategy.

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Invest In Your Entry Level People

Chief Executive

Of course, there’s no guarantee they’ll still be with you then, but investing time in these team members today will also cultivate loyalty and increase retention. It pays off in the form of improved employee retention, increased performance and more innovative ideas (which can lead to potential revenue streams).