If you’ve noticed that recruiting and retaining is becoming more difficult by the day, you’re not alone. Note that 66% of employees have their foot out the door.[1] Why?
- Better compensation and corporate benefits
- Better work-life balance
- Lack of recognition
However, it’s the same reasons they choose to stay. How can employers enhance and combine compensation and benefits, the work-life balance and recognition? Here’s how to work toward building turnover resistant benefits.
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This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
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[1]Achievers. “Workforce Institute 2021 Engagement and Retention Report.” Achievers, 10 Mar. 2021.