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Employee morale is the overriding feeling individual employees have about their role, the company, and the people they work with. Morale impacts people personally—one person may dread coming into work, while another feels jazzed about the project they’re working on or the exciting direction the company is heading toward.

This guide describes the financial impact of voluntary and involuntary turnover. We also help you calculate the specific cost of employee turnover in your organization, which you can use as a benchmark to improve employee retention.

There’s no doubt about it—creating a well-rounded benefits package is a serious investment for employers. Yet, you can offer plenty of cost effective benefits that will resonate with your employees. This guide introduces 16 of them.

Employers can offer pre-tax and post-tax employee benefits, each with its pros and cons. Pre-tax deductions reduce an employee’s taxable income, meaning they take home more of the money they earn. Businesses also save money on their payroll taxes when they offer pre-tax benefits.

Since the pandemic, each year has offered a different theme in talent acquisition. 2021 was the year of the Great Resignation, 2022 brought in a wave of diversity and inclusion initiatives, and 2023 saw the rise of AI. Recognizing and understanding these latest recruitment themes can give your organization a serious edge in attracting and retaining top talent.

A health reimbursement arrangement is an employer-funded plan that reimburses employees for any out-of-pocket medical expenses they clock up. The reimbursement can cover a wide range of medical costs, including deductibles, prescription drugs, and medical equipment. Some employers offer HRAs to supplement their health coverage, but others provide them instead of group health insurance.