HR best practices

There are many types of employee benefits, including health insurance, retirement savings, and paid time off.

Employee benefits help businesses attract and retain top talent by offering valuable perks like health insurance and paid time off.

An employee benefits scheme is a structured plan that outlines the benefits provided to employees, including health insurance and retirement savings.

The top 5 types of employee benefits include health insurance, retirement plans, paid time off, disability insurance, and wellness programs.

Employee benefits refer to non-wage compensation provided to employees, such as health insurance and retirement plans.

Reducing attrition is important for maintaining a stable workforce and improving employee satisfaction and productivity.

Attrition in HR refers to the loss of employees through voluntary or involuntary exits over time.

Attrition can be a KPI when used to track workforce stability and employee retention in HR performance metrics.

Retention rate in HR measures the percentage of employees who remain with a company over a specified period.

A good turnover rate varies by industry, but typically ranges from 10-15%, depending on the business and workforce needs.