Employee Benefits – The Key to Employee Loyalty?

Employee Benefits - The Key To Employee Loyalty?

Many companies spend more than 25% of their compensation budget on benefits such as medical, dental, insurance and retirement plans, according to the U.S. Department of Labor. Yet they may be skipping the simple steps that ensure they get the full value from that investment. That’s because employers underestimate just how important benefits are to creating and maintaining employee loyalty. Only 25% of people who aren’t satisfied with their benefits have a strong sense of loyalty to their job, according to a recent MetLife study. However 70% of employees who like their benefits have a strong sense of loyalty. According to Prudential, 81% of workers rate a company’s benefits package as highly important to their decision to change employers or remain with their current company. It might be easy to dismiss these statistics – employees should be lucky to even have a job, right? That is the wrong attitude. In …

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Avoidable Ways HR Drives Employees Nuts

Avoidable Ways HR Drives Employees Nuts

Human resources departments and employees often get a bad rap – sometimes deserved and sometimes not. In the worst cases, business owners and executives view them as a necessity to keep the organization from being sued, while some employees see them as hall monitors, enforcing every little rule just for their own pleasure. If you’re in HR, though you know you and your peers are strategic business partners, capable of leveraging talent to help the bottom line. You’re also employee advocates who want everyone to succeed. How can there be such disparate views of the same department? Is it possible HR feels like a strategic business partner and advocate while behaving like a hall monitor? Probably. Here are a few avoidable ways HR is driving everyone crazy – and what HR professionals can do to stop. Over or Under Communicating By not having a strategic communications plan, HR can overwhelm or underwhelm staff members. “If employees see one too many …

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