Improve Turnover with Employee Benefits
Improve Turnover with Employee Benefits

Improve Turnover with Employee Benefits

Diverse benefits plans are widely seen as one of the most important tools employers can offer to attract top talent—but companies shouldn’t ignore the impact benefits can have on retention.

Paycor examined our customer base of more than 30,000 medium and small businesses and discovered that as organizations offer more benefit plans, there is a significant improvement in turnover. Specifically, organizations offering six benefit plan types saw turnover improve 138%.

For many of the broker partners we work with, retaining talent is a major concern for their clients. But it doesn’t have to be. Check out our infographic below which details the importance of selecting and offering the right mix of benefits for employees.

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Take Our HR Benchmarking Quizzes

Take Our HR Benchmarking Quizzes

Paycor's research shows that 75% of high-functioning HR teams spend their time on mastering key pillars of HR excellence. Want to know how your team stacks up against others? Take our benchmarking quizzes to find out and get customized action plans based on your results. Recruiting Benchmark Quiz Benefits Benchmark Quiz Labor Costs Benchmark Quiz People Management Benchmark Quiz Compliance Benchmark Quiz

Why Should You Partner with Paycor?

Why Should You Partner with Paycor?

There are plenty of HR tech companies to choose from, but to succeed in today’s rapidly changing and complex environment, your clients need more than just technology. They need a partner with deep industry expertise that takes the time to understand their specific challenges.From year-end support, robust reporting tools and even a personal concierge service, Paycor offers you and your clients modern HR and payroll technology coupled with thought leadership and expertise.A partnership with Paycor helps you stand out from the crowd. But don’t just take our word for it — check out this video to see what some current Paycor partners have to say.

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...