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Additionally, research indicates that 88% of job seekers give "some consideration" or "heavy consideration" to better health, dental, and vision insurance benefits when choosing between a high-paying job and a lower-paying job with better benefits. Consider supplemental insurance for critical illnesses or accidents.
Companies with high retention rates enjoy a plethora of advantages, from substantial cost savings to enhanced productivity and a stronger companyculture. A strong and positive companyculture is essential for any company's long-term success.
Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more. For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs.
It can be done through several initiatives, such as - Continuouslearning and growth through training programs, Mentorship, Tuition assistance, and Internal mobility opportunities Initiatives and opportunities like these provide a sense of progress and purpose to your employees.
Patient safety decreases by 15% Replacing a highly specialized healthcare professional can cost as much as 200% of the employee's yearly salary Financial Services In banking and finance, employee engagement directly impacts the bottom line through lost clients and reduced trust.
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