How to Choose the Best Health Options for Employees

Selecting a company healthcare plan is a high-stakes game. The cost to the company is significant, the impact your choice will have on your employees and their families is enormous. The pressure is high.

Employee consulting with Company Doctor

With the right understanding and research, it is possible to choose a plan that satisfies the needs of your staff while also accommodating your business’s financial means.

In this article, we take a look at how to choose the best health options for your employees.

The System

It’s no secret that the American healthcare system is complex and largely inequitable. Over half a million veterans lack insurance, despite the many resources in place that are supposed to help connect them with it.…

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5 Solid Strategies to Improve Your Employee Retention Plan

It’s no surprise that retaining excellent staff is critical to a company’s success. Recruiting new personnel is not only costly and time-consuming, but it also has a detrimental impact on your employees’ productivity and morale. As a business, retaining outstanding people should be at the top of your priorities list because it has a big impact on your bottom line.

Employee retention

Understanding what employees value most and acting on it to maintain employee engagement and happiness is the key to a successful retention strategy. It’s critical to keep evolving and being creative with retention techniques in order to meet the demands and desires of today’s workforce.…

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Invest in Every Employee

Investments made in any business activity are always measured by the returns they give. Be it an investment in a plan, product, or even in employee training, a business always expects returns that compensate for the investment made.

Happy employees

Investing in employees and their training procedures often maximizes profits and minimizes expenses. Effective employee training results in reduced turnover time and a lesser number of fines because of incompliances. Proper training can enhance revenues through augmented sales and high productivity.

Investing in employees can evidently enhance profits through a planned process that results in:

  • Retaining the existing clients
  • Increasing the upselling
  • Short sales cycle
  • Growth in productivity
  • Reduced turnover rate

Role of Human Resources in the Investment of Employee

While human resources training seems to be never-ending, it’s actually for good reason.…

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Use These 9 Strategies to Improve Employee Retention in 2021

The labor market has been volatile this year.

Actually, that’s a bit of an understatement. Due to the pandemic and its economic fallout, the labor market has been historically volatile this year.

Productive employees

Employers shouldn’t bet on that changing in 2021. While some had high hopes that the pandemic would add some slack to what has for years been a near-full-employment scenario, that hasn’t really materialized. It’s more important than ever to recruit and retain the very best — because you can’t be sure their replacements will be up to the job.

Retention is especially important in talent-driven fields like software development, according to a Michael Booz analysis published on LinkedIn.…

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How to Determine Pay Raises for Your Employees

There’s no doubt that corporate culture has shifted. Gone are the days when a new college graduate would seek to cement their place in a massive Fortune 500 corporation and stay with that corporation till the end of their career.

Determining employee pay raise

There’s a far greater tendency towards job-hopping than ever before and if businesses aren’t intentional about retaining their employees then they’ll find themselves staring down the barrel of high recruiting costs to backfill leaving employees.

Pay raises are on the of most crucial ways that a business can keep its good talent in the long term.

You don’t want to break the bank to the point where the employee is unprofitable, but you also want to reward him or her for their work and show them that they are valued by the company.…

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Rewarding and Retaining Your Sales Talent

Salespeople are unique in that they are both the key to the expansion and consistency of revenue, yet are often treated as expendable. Many a salesperson has found an open door and open arms that stay open just until they’ve exhausted their contacts, and then they’ll find that door firmly shut.

Talented salesman doing sales presentation

This might make sense from a purely economic point of view, but people aren’t mere data and numbers, and mistreating your salespeople will not only drain them of their loyalty, but also their incentive to stick around when a better offer crops up. As a business which respects its employees, you’ll want to consider these tips to retain your sales talent for the long haul.…

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6 Simple Tips for Retaining Your Best Freelancers

Hiring freelancers is an efficient and cost-effective way to make up for any skill or manpower deficiencies in your company. What’s more, the contractual nature of hiring freelancers affords you the flexibility you need to stay operational and remain profitable even during off-peak seasons. These make freelancers an indispensable resource for all businesses, especially in the case of SMEs and startups.

Busy freelancer on the phone

While freelancers often look for new projects to work on, you can still find it challenging to retain the ones you’ve come to depend on the most, or those who have proven themselves to be top performers in their field of work.…

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Why Employee Benefits are Important for Businesses

Employees are the lifeblood of every company. Without them, it would be hard for a company to achieve its mission and enact its vision. But with a huge number of businesses from powerhouse brands to startup companies vying for the attention of the working populace, it can be very hard to stand out.

Happy employee, smiling broadly

This is where employee benefits come in. While salaries can be a guiding force in talent acquisition, the landscape has largely changed. Employers need more than just a monthly salary to get the talent they want, they need to keep up employee engagement and morale to ensure that they do not burn out and resign.…

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Intranet Tools Are a Secret Weapon For Employee Retention in Healthcare

In an economy where it is no longer necessary for workers to stay with a single organization for their entire career, employee retention is an issue that has dogged many high performance, high-pressure sectors like finance and business — but the problem is probably most stark in the case of the healthcare industry. The average turnover rate for new employees in healthcare rose to 14.7% in 2017, a number that represents a staggering amount of lost time and money for large healthcare organizations that may need to train hundreds of new workers every year.

Healthcare workers analyzing

Although there are many factors driving low employee retention, research on the subject has found that in many cases it comes down to the employee’s sense of connection and integration into the organization as a whole.…

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Tips for Helping Employees to Grow So You Boost Retention Levels

There are many costs involved with having a high staff turnover, from the loss of knowledge that occurs when workers walk out the door, to the financial costs involved in finding replacements, and the time it takes to train them up. As such, it is incredibly important for all organizations to have a focus on boosting retention levels.

Fostering employee growth with performance evaluation

While there are many different ways to do this, including recognizing and rewarding workers, creating a positive culture, providing employee perks and the like, one great way that not enough managers focus on is helping people to grow and reach their potential.…

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