In today’s market competitive salary alone isn’t enough to keep your most valuable team members. Recruiting and training new employees is a costly and involved process, taking about six months’ wages just to get new recruits on their feet.
To help keep your turnover low and morale high offering a competitive salary and comprehensive core benefit package, as well as attractive supplemental benefit plans, are a good start. You also need to make sure employees understand these benefits. As healthcare options change, companies are often compelled to make changes to their existing plans. It’s a daunting task for HR departments, chronically overburdened and understaffed, to oversee these changes and also make sure everyone understands how they work.
|
