5 Steps to a Highly Effective Employee Benefits Strategy
5 Steps to a Highly Effective Employee Benefits Strategy

5 Steps to a Highly Effective Employee Benefits Strategy

Companies that offer strategic benefits perform 24% better than ones that don’t, recruit 8% more effectively and are 17% more likely to retain employees.

But selecting the right benefits mix isn’t “cut and paste” – there’s no one-size-fits-all solve. Your workforce is diverse and multigenerational; your employees want and need different things.

Discover the 5 key steps to designing a employee benefits strategy that drives recruiting, retention and business results.

Get the Benefits Strategy Guide!

More to Discover

The HR Playbook: Reduce Turnover with Employee Benefits

The HR Playbook: Reduce Turnover with Employee Benefits

You know benefits are important to employees, but you might be surprised how big of an impact they actually have on employee turnover. After analyzing data from more than 30,000 medium and small businesses nationwide, Paycor discovered that as organizations add benefit plans, there is a significant decrease in turnover.In fact, organizations that offered the right mix of benefits saw turnover decrease 138%.The key is finding that right mix of benefits. Different generations want different things, and designing a benefits plan that fits a multigenerational workforce isn’t easy, but worth it in the long run in order to retain and attract talent.And that’s just the beginning. There are several factors to consider when designing competitive...

Product Case Study: Benefits Advisor and HR

Product Case Study: Benefits Advisor and HR

Paycor’s HR and Benefits Advisor Allows the Kansas City Zoo to Streamline Open Enrollment. “My favorite thing about Benefits Advisor is the employee self-service—giving them the responsibility. It’s really easy to see what people are enrolled in at a glance and it has a clean look to it, which I like.” - Janna Stewart, HR manager, Kansas City Zoo CHALLENGE For years, the Kansas City Zoo used a manual paper- based method to onboard new employees, conduct performance reviews and during open enrollment. It was time consuming and required physical space to store all employee data and files. HR PAIN POINT Manual open enrollment & performance reviews Required multiple data entry points SOLUTION Streamline open enrollment Employee...

Webinar: Benefit Advisor Transition and Demo Journey

Webinar: Benefit Advisor Transition and Demo Journey

Deep dive into the new Benefit Advisor platform with Paycor’s lead Benefits Transition Specialists. You will walk away with an understanding of the product, features and how they will improve the lives of the administrator, employee and your organization. Additionally, our specialists will provide an overview of the transition journey to help ensure success.

Benefits Administration: A Guide for HR Leaders

Benefits Administration: A Guide for HR Leaders

Why Employee Benefits Matter Believe it or not, your benefits package can have a serious impact on your ability to recruit, engage and retain talent. Hard to believe? It shouldn’t be. SHRM reports more than 50% of U.S. job candidates say benefits are among their top considerations before accepting a job. That’s why selecting the right benefits package is one of the most important things you’ll do for your employees over the life of your business. Choose the right benefits and your employees might never want to leave. Offer the wrong ones… you might as well install a revolving door. Businesses that get benefits right reap big rewards. Whether you’re aiming to boost your employees’ overall performance or you’re looking to improve...