Unlock the True Power of Employee Benefits
Organizations that view their benefits packages solely as a cost of doing business are missing out on a true competitive advantage. As Paycor found from client data, one-on-one interviews and user groups used to create the HR Center of Excellence, high-performing HR teams recognize the critical role a diverse and competitive benefits package has on recruiting and retaining top talent.
In a recent article, Employee Benefits Adviser sat down with Paycor's Chief Human Resources Officer, Karen Crone, and Director of Product Marketing, Tim Ruge, to explore how Paycor's HR Center of Excellence challenges HR professionals' thinking when creating benefits strategies.
Job candidates and employees are analyzing benefits packages with greater detail than ever before. In fact, it's a top consideration for more than 57% of candidates when accepting a job. The ability to attract and retain top performers is dependent on an organization's commitment to offering a holistic benefits experience.
Here's a link to access the entire article.
Interested in learning more about Paycor's HR Center of Excellence? Discover the six pillars that drive HR success.
Then, take a look at all of the resources on employee benefits available to help you get the most out of your program. Click here to begin.
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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...
The Pros and Cons of Flexible Work Arrangements
Back in the day, the primary determining factor for a candidate choosing your company over your competitors’ was salary. Nowadays, the tide is turning toward the employee benefits your company offers; specifically, flexible work arrangements. In fact, FlexJobs 2018 Annual Survey found that the top three factors today’s candidates look for in a job are: Work-life Balance Salary Flexible Work Options Companies that offer flexible work arrangements reap big rewards, from access to top talent to increased retention rates. Enabling employees to work from home on a regular basis can also boost overhead cost savings when you’re not required to maintain office space for everyone. You’ll likely see improved attendance and productivity, as well as...
Webinar: 5 Steps to a Highly Effective Benefits Strategy
Find out how high performing companies crack the benefits code and increase business performance, recruiting effectiveness and retention rates. Speaker: Skip Young Skip is Paycor's resident benefits expert. With over 7 years experience in the HCM industry, Skip leads Paycor's Benefits and HR product strategy.