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Building a strong compensation strategy: Is location-based pay best?

Insperity

This information is often available from salary reporting surveys. Cost of living refers to the price of goods and services, such as food, gas, housing and transportation, in a specific market. Add a salary premium to geographic areas in which talent that your company is eager to recruit tends to concentrate. Demand for labor.

Logistics 240
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).

Salary 265
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How to create a continuous learning culture in your workplace

Insperity

Make these meetings “lunch and learns” – it’s easy to buy everyone food to bring people together, and employees appreciate the gesture. Tie the mastery of certain skills to salary increases and promotions. This is especially critical when salary increases and promotions are involved. Approved external learning resources.

Learning 330
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Keep Employees Happy and Loyal With Corporate Volunteer Programs

Success

According to a 2019 study by The Gallup Organization , replacing an employee can cost a company “one-half to two times the employee’s annual salary.” The committee can suggest projects such as picking up trash at a park or beach, painting and cleaning at a local homeless shelter, or processing food donations at a local pantry.

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The Coronavirus Aid, Relief and Economic Security (CARES) Act: An employer’s guide

Insperity

Note that Accommodation & Food Services businesses (NAICS code starting with 72) are allowed 500 employees per location. Eligible small businesses generally include: For-profit businesses with less than 500 employees, whether employed on a full-time, part-time or other basis 501(c)(3) nonprofits.

Security 245
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How to tackle wage growth and remain competitive in a tough market

Insperity

Anyone involved in hiring and retaining employees is torn between important and seemingly contradictory objectives: Address employees’ pain and concerns about the increased cost of living so you can prevent them from disengaging or leaving the company in search of a higher salary elsewhere. ( The Great Resignation is ongoing, after all.).

Salary 218
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6 ways to give employees purpose without sacrificing profits

Insperity

When a business fails to offer employees more than their standard salary and benefits, it misses an opportunity to fully engage its workforce, which may lead to turnover and flat growth. You might alternate hosting a holiday toy drive, a fundraiser and an afternoon working at a local food bank, for instance.